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Facebook Warns Growth To 'Decelerate Significantly', Mandates Vaccine For US Staff (reuters.com) 113

Facebook said on Wednseday it expects revenue growth to "decelerate significantly." It also announced that it would require anyone working at its U.S. offices to be vaccinated against COVID-19. Google announced a similar policy earlier this morning. Reuters reports: The warning overshadowed the company's beat on Wall Street estimates for quarterly revenue, bolstered by increased advertising spending as businesses build their digital presence to cater to consumers spending more time and money online. Facebook said it expects Apple's recent update to its iOS operating system to impact its ability to target ads and therefore ad revenue in the third quarter. The iPhone maker's privacy changes make it harder for apps to track users and restrict advertisers from accessing valuable data for targeting ads.

Monthly active users came in at 2.90 billion, up 7% from the same period last year but missing analyst expectations of 2.92 billion and marking the slowest growth rate in at least three years, according to IBES data from Refinitiv. "The user growth slowdown is notable and highlights the engagement challenges as the world opens up. But importantly, Facebook is the most exposed to Apple's privacy changes, and it looks like it is starting to have an impact to the outlook beginning in 3Q," said Ygal Arounian, an analyst at Wedbush Securities. Brian Wieser, GroupM's global president of business intelligence, said all social media companies would see slower growth in the second half of the year and that it would take more concrete warnings about activity in June and July for anyone to anticipate a "meaningful deceleration."

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Facebook Warns Growth To 'Decelerate Significantly', Mandates Vaccine For US Staff

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  • by Rosco P. Coltrane ( 209368 ) on Wednesday July 28, 2021 @08:38PM (#61632565)

    For once, I applaud Google, Facebook and other big tech employers for having the balls to says "vaccination or else."

    It's really sad that the private sector has to step up to the plate and get tough with the retards who refuse it: the government should've done that themselves a long ago.

    • There are probably enough vaccinated people at those companies to have good herd immunity already.
      • That's all well and good until someone brings it home to their ineligible-for-vaccination kid who ends up in the hospital, because they couldn't be bothered to go do what hundreds of millions of people have already done without issue.

        • Well gee golly, it's a good thing less then 400 children have died in this country from Covid. While not immune, kids world wide have done remarkable well against covid. Here are a few stats I found pretty interesting.

          This is world wide unicef data regarding covid. https://data.unicef.org/topic/... [unicef.org]
          8700 under 20s out of 2.7 million. Of that, 40% are under 10, so 3480.

          That's for the entire world.

          Another link I found was all US deaths ranked by age. https://www.statista.com/stati... [statista.com]

          According to that, only 337

          • And the latest guidance says that the Delta variant is more likely than past variants to effect children.

            How old are those statistics, and do they encompass all variants since 2020Q1?

            • The stats are update or at least monthly up to date. The statista.com link was all the deaths from the beginning of the pandemic up to July but they may just be July 1st.

              It could be maybe the under 17s really have been overall protected from getting it and maybe it will affect them. It may still be a good idea for children to get vaccinated but I suppose we just do not have enough information. It's really hard to find data on cases and the different severity levels. Also whether or not people had specific p

    • by ModelX ( 182441 )

      Let's skip who is clueless here and get to the point:

      1) The corporations want to have the right to access the insides of your body.

      2) They want to make sure that only spineless people who agree with this work for them.

    • For once, I applaud Google, Facebook and other big tech employers for having the balls to says "vaccination or else."

      First off, the mandate is only for US-based offices, so don't assume they give a shit that much. They don't.

      Lastly, now that this "or else" door has been opened, you better fucking expect it to be abused.

      Stop smoking, or else.

      Get the flu shot, or else.

      While we're at it, get the rest of your corporate-mandated vaccines, or else.

      Become aligned with corporate political beliefs, or else.

      Give up your "assault" weapon ownership, or else.

      Change your religious ideology to fully accept all LGBTQ, or else.

      It's really sad that the private sector has to step up to the plate and get tough with the retards who refuse it: the government should've done that themselves a long ago.

      It r

    • by cb88 ( 1410145 )
      Over a year later, here we are, I haven't had covid, I contact on a daily basis has had it.... one person out of the company I work at has had it.... and you are telling me Google king of work from home has to mandate vaccinations.

      I've also been to work 95% of the days I was working, and none of the people I have interacted with have gotten it... the current death rate for covid is essentially ZERO, explain to me again now that we know how to do deal with this why we should be making ultimatums like this fo
    • Yah, but fuck all that noise. This should not be incumbent upon Google an Facebook. it should the government mandating vaccinations for anyone and everyone; no ifs, ands, or buts, and no exceptions. At least as recently as smallpox; some anti-vax nutter went all the way to SCOTUS to try to assert his "right" to be a filthy plague rat and murder other people via disease, and got his ass shot down. So the precedent is already there.

      Instead of dragging those of us who've rightfully done everything asked of

  • Mr. Zuckerberg is kicking himself for deciding to not put out a phone.
  • by blarkon ( 1712194 ) on Wednesday July 28, 2021 @09:27PM (#61632685)
    I'm vaxxed, but isn't it interesting that tech workplaces that are all about personal body autonomy, respecting boundaries around self identification and personal choices are willing to fall back to a different more authoritarian set of assumptions before you can say "cognitive dissonance". I grok the "if it impacts others" argument - but as I'm vaxxed, does someone else's silly decision impact me?
    • by pauljlucas ( 529435 ) on Wednesday July 28, 2021 @09:51PM (#61632731) Homepage Journal

      ⦠but as I'm vaxxed, does someone else's silly decision impact me?

      Yes and no. Yes in that you can still get a breakthrough infection, likely from the delta variant. Even if you don't get seriously ill, several long-term effects are emerging.

      No in that you can still be a carrier and infect others who may get seriously ill, perhaps even someone that matters to you other than yourself.

    • by ljw1004 ( 764174 ) on Wednesday July 28, 2021 @10:47PM (#61632833)

      The vaccine is 60% effective at avoiding infection and 90% effective at keeping you out of hospital. Given those numbers, it makes basic business sense that you don't want employees out of action home sick since that'd hurt your bottom line.

      I think you're trying to put an agenda spin on a straightforward economical decision.

      The other aspect is just plain meritocracy. If you have highly talented developers for whom the virus risk of coming in is too high due to being immunocompromised or pregnant, then you're needlessly throwing away talent.

      • I think you're trying to put an agenda spin on a straightforward economical decision.

        Careful, you're going down the rabbit hole that leads towards employer granted sick leave, which we all know is what happens in those evil socialist countries. If you stay down that path you may end up with 4 weeks annual leave, better quality of life, less stress, and then all hell will really break loose.

      • The vaccine is 60% effective at avoiding infection

        Those numbers are suspect to start with, and apply to different variants to differing degrees. They're suspect because they're hard to track when people aren't seeking care.

        and 90% effective at keeping you out of hospital

        Yeah, this is more on target. We know by about how much it prevents death or hospitalization, because those things are easy to track.

    • What makes you think they are about respecting boundaries or personal choices? What if I want to use an Oculus headset without signing up for their website? What if I don't want them assembling a shadow profile on me that I never consented to?

      They - the ones making the decisions - don't suffer from cognitive dissonance because they don't believe the BS they shovel out. They hold no principle or ideology beyond ripping from you every shred of information and moment of attention that they can, and squeezing a

    • Are tech companies against circumcision?
    • Comment removed based on user account deletion
      • Vaccines save lives through herd immunity, not by guaranteeing that everyone who gets a shot will be safe.

        Herd immunity for Covid is widely believed to be impossible.

  • by Gavino ( 560149 ) on Wednesday July 28, 2021 @10:16PM (#61632769)
    It's amazing what rubbish the average American puts in their bodies on a daily basis, yet then complain about the vaccines. How about they read the ingredients list on their favourite foods every once in a while. The irony. Their body is a temple when it comes to vaccines... but not when it comes to what they stick in their mouth, disguised as food. The ultimate vaccine delivery mechanism will be to delivery via cheeseburger rather than arm injection. That's what scientists should really be working on... a big pharma Big Mac.
    • It's amazing what rubbish the average American puts in their bodies on a daily basis, yet then complain about the vaccines.

      Not to mention the vaccine protects them from a virus that is known to have negative long-term effects.

    • A Big Pharma Mac. I'd like to claim I coined it, but I'm sure Apple will claim a trademark violation...
  • "Data harvesting behemoth warns that its sole basis for existence is slowly being pulled out from underneath it"

    And nothing of value was lost.

  • it expects Apple's recent update to its iOS operating system to impact its ability to target ads. Finally a company with balls. I've always been against tracking. My personal info is none of their business !!
  • I have observed a mass exodus of real people on Facebook. In my circle, the number of people is going down dramatically.
  • Telling people that we will destroy your lives, your livelihoods and your families if you don't take a vaccine is unprecedented.

    I am not sure what is going to happen, but I can probably guess.

    Pass the popcorn.

Do you suffer painful hallucination? -- Don Juan, cited by Carlos Casteneda

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