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I wrote this yesterday: > Zuckerberg came to a compromise to be chums with the Communist party in China. I wonder if that will ever pay off especially when you
by brilliantcode 10y ago
I wrote this yesterday:
> Zuckerberg came to a compromise to be chums with the Communist party in China. I wonder if that will ever pay off especially when you are so invested now and the relationship is dictated completely on the conditions of the foreign government. If this is the beginning then I shudder to think what the next compromise will be that affects their end user. It sets an uneasy precedent for future prospects eager to capture the enormous market in China.
I'm really proud of Google that they just got up and left China once they realized it was a one way relationship with a lot of giving and giving.
I think this is a huge blunder from Zuckerberg and it definitely hurts Facebook's brand.
It also shows a more underlying urgency from Zuck, the stock price is tied to user base growth and without it, the perceived future value evaporates with it. That in turn shows how elusive this "zero-interest rate capital funded growth at all cost" is and it's starting to show cracks.
Recall the Porsche story during the 70s when access to capital was really great. The problem was they assumed capital would always be there but what happened was when they most needed it the market conditions have changed and Volkswagen swallowed it up.
Facebook's revenue models are coming under scrutiny as advertisers can't justify the ambiguous metrics and ROI.
I wonder who will buy Facebook, perhaps News Corp?
- sdm 10y ago> I'm really proud of Google that they just got up and left China once they realized it was a one way relationship with a lot of giving and giving. Google has essentially the same relationship with the US government. It's departure from China had more to do with this than any high mindedness.
- brilliantcode 10y agoapples & oranges my friend....
- tostr 10y agoCare to elaborate on the Porsche story? Or a link maybe? This sounds really interesting.
- a3n 10y ago> I'm really proud of Google that they just got up and left China For now. We used to say that information wants to be free. We can say today that money wants to be made. Eventually Google's growth will not be sustainable by creating or buying products and eventually killing them, they'll need new markets.
- rhizome 10y agoMaybe think about it this way: President Zuckerberg.