Tired of partygate, the SmallDataForum takes measure of the mess surrounding Meta, where user numbers declined for the first time ever, followed by a rather dramatic share price dip, and Peter Thiel announcing that he would be leaving the Facebook board “to pursue Trump agenda”.
However, news of Meta’s impending demise would be awfully premature, as Sam reminds us.
For all our Schadenfreude at Meta losing several hundred billion (!) $$$ in market value – at present, their share price is down a cool 35% from the beginning of the year, suffering the ignominy to temporarily drop behind Nvidia on the list of largest US companies – the attention capitalist behemoths Alphabet, Amazon, and Meta now hold a share of 46% of global ad spend, as opposed to 33% pre-pandemic in figures released by the World Advertising Research Center (WARC).
And yes, that’s total as in everything, not just digital…Continue reading “Metaverse, Omniverse, diverse, averse, perverse? “