Darkest hour just before dawn?
Beating expectations
Adding friends on Facebook
Not bad, but not good
Losing value
A real war affects a virtual reality
Changing the rules
Keeping the course
A historical dive on Wall Street
A loss of the size of Portugal
Pulling the plug
Privacy concerns
Harder to track
Google follows Apple
Data is profit
Too big to fail?
TikTok
Losing users
Transferring data
The simple reality
Responding to a threat
Facing the giants
Privacy and national security
Introducing Meta
Metaverse
Real technology, wild dreams
You only have one life
Fantasy
A Facebook by any other name
Tecnologia
Facebook slowly recovers after facing its darkest hour
(1/29)
Darkest hour just before dawn?

The results are in! Meta, Facebook's parent company, reported an increase in revenues, users, and stock value during its first quarter of 2022 that exceeded the forecast of experts, according to Al Jazeera. However, Mark Zuckerberg's company is not out of the woods yet.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(2/29)
Beating expectations

Shares of the company trading on Wall Street surpassed 15 percent. The stock value reached 2,72 US dollars per share, which Al Jazeera points out beats the analyst consensus of 2,56 US dollars.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(3/29)
Adding friends on Facebook

Forbes points out that something that helped Meta was that the number of people on Facebook rose 4%, reaching 1,95 billion users, slightly more than the 1,94 billion that was estimated.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(4/29)
Not bad, but not good

In total, Forbes reported, the parent company of Facebook and Instagram, had a profit of 7,4 billion US dollars. However, this is still a drop of 21% from the same time last year.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(5/29)
Losing value

Al Jazeera points out that, by late April, Meta has lost half of its value since the beginning of the year.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(6/29)
A real war affects a virtual reality

The recent conflict between Russia and Ukraine has also affected Facebook and Instagram. The Kremlin banned both social media apps in March, costing Meta tens of millions of users.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(7/29)
Changing the rules

The New York Times reports that Facebook would label Russian state-backed media and relax policies relating to hate speech with Ukrainian users.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(8/29)
Keeping the course

“We remain confident in the long-term opportunities and growth that our product road map will unlock,” Mark Zuckerberg stated on April 27, as quoted by The New York Times.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(9/29)
A historical dive on Wall Street

Meta, the parent company of Facebook, suffered in early February its biggest one-day loss on Wall Street. The company’s worth plummeted over 26%, which is about 230 billion US dollars.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(10/29)
A loss of the size of Portugal

To put that in perspective, 230 billion US dollars is roughly the entire GDP of Portugal. It’s the biggest loss of value for a single US conglomerate in the history of Wall Street.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(11/29)
Pulling the plug

At the same time, the company has threatened to pull Facebook and Instagram from the European Union over data regulations.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(12/29)
Privacy concerns

The reason? Privacy. Meta’s annual report paints a troubling picture of the company that Mark Zuckerberg founded.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(13/29)
Harder to track

Meta, The New York Times reports, has revealed that the new privacy protocols from Apple will make them lose 10 billion US dollars in revenue since it makes it harder to track data from iPhone users.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(14/29)
Google follows Apple

The New York Times reports that Google was studying to apply similar protocols to Apple's on its mobile devices, which would further hurt Meta.

Pictured: Google Headquarters in Mountain View, California.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(15/29)
Data is profit

According to Investopedia, 97% of Meta revenues comes from advertising, which they manage to sell by targeting very focused demographic groups. The more they know about you, the more profit can be made.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(16/29)
Too big to fail?

This prompted the historical stock value dive on Wall Street, which also dragged other tech companies such as Twitter, Spotify, and Amazon.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(17/29)
TikTok

At the same time, Zuckerberg admitted to The New York Times that the company had problems competing with rival social media platform TikTok.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(18/29)
Losing users

Facebook also stated in February that it has been losing users globally for the first time since its creation. The social network has issues attracting younger generations.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(19/29)
Transferring data

Meanwhile, according to Bloomberg, an ongoing dispute with EU regulators puts at risk the chance to continue transferring data back to the United States.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(20/29)
The simple reality

“The simple reality is that Meta relies on data transfers between the EU and the US in order to operate global services,” a company spokesman was quoted by Bloomberg.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(21/29)
Responding to a threat

French and German government representatives responded back to Meta’s not-so-veiled threat.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(22/29)
Facing the giants

“Digital giants must understand that the European continent will resist and affirm its sovereignty,” declared French Minister of Finances Bruno Le Maire.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(23/29)
Privacy and national security

The European Commission continues negotiations with Meta. Their stated aim is to make data comply with EU guidelines while striking a balance between privacy and national security.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(24/29)
Introducing Meta

In 2021, Mark Zuckerberg revealed that his company rebranded itself as Meta. It was a promise of a revolution for the social network.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(25/29)
Metaverse

The concept of Meta was built around the idea of a Metaverse, a virtual reality that would redefine online social interactions as we know them. So far, the project has a cost of over 10 billion US dollars.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(26/29)
Real technology, wild dreams

The Metaverse, as promised by Mark Zuckerberg, seemed like a fantasy world fueled by a mixture of real-life technology and our wildest dreams. Something akin to Ready Player One.

Image: Warner Bros.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(27/29)
You only have one life

However, as CNN's Rachel Metz describes, it's really “a desolate combination of another social VR app, Rec Room, and the pioneering user-created virtual world Second Life.”

Pictured: A Second Life user and her virtual avatar.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(28/29)
Fantasy

Maybe the true fantasy is Mark Zuckerberg's, thinking he can leave behind all the scandals related to how his company manages its user data. Particularly when it comes to political goals, such as Brexit and Cambridge Analytica.

Tecnologia
Facebook slowly recovers after facing its darkest hour
(29/29)
A Facebook by any other name

However, all these changes seem to have been more out of fear for the present than hope for the future. Very little seem to actually have changed for Mark Zuckerberg's company. Different name, but same service.

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