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Isn't this what people said about Facebook when they were at this stage? I feel as though that has failed to materialize, and their new demographic is "relativ

by Phlarp 10y ago

Isn't this what people said about Facebook when they were at this stage? I feel as though that has failed to materialize, and their new demographic is "relatives over 50 desperate to appear 'hip'"

kneel 10y ago
I'm wondering if it's a coincidence that facebook's revenue was 18 billion last year...
- Phlarp 10y ago
  More and more it seems the entire excersize is just elaborate cover for Evan and Mark to have a dick measuring contest. Evan: "I'm coming for you, you know you'll have to buy it all sooner or later, try not to insult me with your next offer!" Zuck: "In your dreams kid!"
  - freyir 10y ago
    That's an interesting interpretation. I think Zuckerberg is extremely paranoid about Facebook being displaced. Facebook knocked MySpace off the throne, and everyone predicted Facebook would suffer the same fate. It hasn't happened because Zuckerberg has been strategically paranoid. Even after getting a slow start in mobile, he threw ridiculous amounts of money at the situation until they were back on top. I think the present-day VR hype is due to Zuckerberg being paranoid that VR would be the next mobile, and wanting to get ahead of it. Everyone followed his lead and people are betting the farm on VR being the next big thing, when that's just not clear at all. But for Facebook, spending $2B on Oculus was an ounce-of-prevention purchase.
    - Phlarp 10y ago
      Zuck tried to do the same with Snapchat a long time (2012 or 2013?) ago but most accounts of the situation have Evan scoffing at the $3 billion offer. Surely he (Zuck) will run out of cash and stock with which to make $20 billion dollar acquisitions sooner rather than later?
onewaystreet 10y ago
People did say that and they were right. Facebook is currently valued at over $300 billion.
- kirykl 10y ago
  foolishly tho; they have 4B profit on 18B revenue, pretty short of 300B
  - mr_tyzic 10y ago
    It's an investor's job to be so foolish.
    - kirykl 10y ago
      their P/E ratio is huge, they are not worthless just overvalued
freyir 10y ago
I'm not a fan of Facebook, and I think their core product is fundamentally antisocial and creepy. That said, the company is hugely successful. There's no denying it. While Facebook may be less hip than it once was, the company now owns mobile (Facebook, Instagram, Facebook Messenger, WhatsApp). They would have loved to had Snapchat too.

by Phlarp 10y ago

Isn't this what people said about Facebook when they were at this stage? I feel as though that has failed to materialize, and their new demographic is "relatives over 50 desperate to appear 'hip'"

kneel 10y ago

I'm wondering if it's a coincidence that facebook's revenue was 18 billion last year...

Phlarp 10y ago
More and more it seems the entire excersize is just elaborate cover for Evan and Mark to have a dick measuring contest. Evan: "I'm coming for you, you know you'll have to buy it all sooner or later, try not to insult me with your next offer!" Zuck: "In your dreams kid!"
- freyir 10y ago
  That's an interesting interpretation. I think Zuckerberg is extremely paranoid about Facebook being displaced. Facebook knocked MySpace off the throne, and everyone predicted Facebook would suffer the same fate. It hasn't happened because Zuckerberg has been strategically paranoid. Even after getting a slow start in mobile, he threw ridiculous amounts of money at the situation until they were back on top. I think the present-day VR hype is due to Zuckerberg being paranoid that VR would be the next mobile, and wanting to get ahead of it. Everyone followed his lead and people are betting the farm on VR being the next big thing, when that's just not clear at all. But for Facebook, spending $2B on Oculus was an ounce-of-prevention purchase.
  - Phlarp 10y ago
    Zuck tried to do the same with Snapchat a long time (2012 or 2013?) ago but most accounts of the situation have Evan scoffing at the $3 billion offer. Surely he (Zuck) will run out of cash and stock with which to make $20 billion dollar acquisitions sooner rather than later?

onewaystreet 10y ago

People did say that and they were right. Facebook is currently valued at over $300 billion.

kirykl 10y ago
foolishly tho; they have 4B profit on 18B revenue, pretty short of 300B
- mr_tyzic 10y ago
  It's an investor's job to be so foolish.
  - kirykl 10y ago
    their P/E ratio is huge, they are not worthless just overvalued

freyir 10y ago

I'm not a fan of Facebook, and I think their core product is fundamentally antisocial and creepy. That said, the company is hugely successful. There's no denying it. While Facebook may be less hip than it once was, the company now owns mobile (Facebook, Instagram, Facebook Messenger, WhatsApp). They would have loved to had Snapchat too.