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Facebook is the only social network (if you discount Linkedin) from 2005 that's not just existing, but thriving today. All the other social networks that succee
by dpandey 10y ago
Facebook is the only social network (if you discount Linkedin) from 2005 that's not just existing, but thriving today. All the other social networks that succeeded (except for SnapChat - which also has an incredible CEO) are owned by Facebook. And he made bold bets by acquiring them for unbelievable amounts ($1B Instagram, $18B Whatsapp). While companies like Twitter and Pinterest have essentially stagnated, Facebook keeps growing and growing, and so do all their acquisitions. And they have incredible product momentum despite their size. They have incredible revenue momentum.
This is not accidental. Zuck has shown amazing maturity and judgement in not just making the right decisions but convincing those founders to accept his offer. He turned down a billion $ acquisition offer early on, and bought Whatsapp and Instagram in bold bets and tried really hard to buy SnapChat.
= boldness in making the right big move
= maturity/good judgement in making good decisions