This Week in Startups Facebook’s Q3 earnings breakdown: revenue, user growth, rumored rebrand + Italic’s Jeremy Cai | E1312
Oct 26, 2021
Join Jeremy Cai, CEO and founder of Italic, an innovative e-commerce disruptor, as he shares insights on connecting high-end manufacturers directly to consumers. He delves into the challenges of traditional retail and supply chain complexities while highlighting his journey from startup to a unique business model. The conversation also touches on Facebook’s impressive Q3 earnings, its potential rebrand toward the metaverse, and the struggling youth engagement that could redefine its future.
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Facebook's Restructuring
- Facebook is restructuring its reporting segments, similar to Google.
- They will report metrics for Family of Apps (FOA) and Facebook Reality Labs (FRL).
Oculus Investment Impact
- Facebook's Reality Labs (Oculus) investment is impacting overall profits.
- Their Q3 revenue shows substantial growth, but their income would be much higher without the Oculus investment.
Apple's Impact on Facebook Ads
- Apple's iOS privacy changes are a headwind for Facebook's ad revenue.
- This is because app install ads, a key revenue stream, are affected by these changes.