Why Facebook’s disastrous result could just be the start
Changes to the rules about how data can be collected and shared are set to coincide with the rise of the blockchain to create a monster problem for Meta.
What do you call a software change that, with the flipping of a single bit of data, costs you $US10 billion in lost revenues in a single year?
If you’re Dave Wehner, the chief financial officer of Meta, an advertising-driven social media company formerly known as Facebook, which has just reported annual revenues of $US118 billion, you call it a “headwind”.
John DavidsonColumnistJohn Davidson is an award-winning columnist, reviewer, and senior writer based in Sydney and in the Digital Life Laboratories, from where he writes about personal technology. Connect with John on Twitter. Email John at jdavidson@afr.com
