Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.

Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.

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    11 hours ago

    it’s not that they “don’t grasp” what you want, it’s that they couldn’t care less what you want

    the way i was able to eventually delete my account was to sit down and delete everything i’d ever posted, every photo, every comment, etc. makes it easier to just say YES i want to remove this bullshit from my life altogether

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        11 hours ago

        fb was the only thing i was using. election '24 gave me the extra motivation to just delete the entire account that was sitting empty anyway. now it’s pretty much just piefed/lemmy, and will eventually delete these too

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            58 minutes ago

            the psychological dependence is real. i get why it seems impossible for a lot of people, but yea–gotta reevaluate what’s adding value to life, and what’s wasting time at best, and causing harm at worst. noticing myself getting angry at all the stupid on fb was a big factor, but also all the anti-privacy bullshit like cambridge analytica, made it easier to ditch the platform

        • Mountainaire@lemmy.world
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          2 hours ago

          now it’s pretty much just piefed/lemmy, and will eventually delete these too

          Really? What’s wrong with stuff here?

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            10 minutes ago

            my ultimate goal (wildly ambitious, i’m aware) is to not use the internet for anything except paying bills, buying things i need but can’t get locally, and getting news. and research, if i need to buy something expensive that i don’t know anything about. i think blogging could be a productive thing, but i’ve never been a “i want to write an article about my thoughts” kind of person.