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> Facebook users are slowly learning that almost anybody can use Facebook to collect detailed information about them, and that — at least some of the time — Fac
by btown 9y ago
> Facebook users are slowly learning that almost anybody can use Facebook to collect detailed information about them, and that — at least some of the time — Facebook cannot control where this information flows, or how it is used. Using Facebook is like writing your life story down on a piece of paper, then taping it to a lamppost.
> For the time being, advertisers are grumbling about Facebook and warning their clients to stay away from certain ad products, but they're still putting their money there — with an audience over 2 billion and some of the most accurate ad targeting available, Facebook is still impossible to ignore. But if usage continues to decline, advertisers will start eventually follow.
Unless the definition of "failing" has changed drastically, this is clickbait.
There is no evidence of a lack of on-the-ground leadership; the argument seems primarily based on divestment by executives. And one of the two anecdotes used to justify the "trend" that Facebook's executives are selling stocks faster than normal for technology leaders was Dorsey's purchase of a mere $9.5 million of stock last year (a lot of money, but two orders of magnitude less than the ones in the article and hardly a comp).
There may be reasons to be worried about Facebook's long-term viability, but this article makes a poor case for someone to be worried.
- 3327 9y agoIt may not make a good case for long term viability but CNBC is an investment outlet and it does beg the question is this the type of company that warrants a valuation of over 500 billion? that implies massive clips of growth and strong leadership which it claims Facebook has demonstrated not to have with clear cut examples which I thought are simple but is worth considering...
- fancyfacebook 9y agoI think it's more of the long term pattern of the leadership of facebook: anytime things get difficult they just sort of teflon their way through it and ignore everyone. Remember the Facebook Beacon fiasco? That was the first scandal in dozens, all following a pretty similar narrative. In that sense, yes I would say leadership has been absent or maybe unaccountable is a better word.
- btown 9y agoSo this comment aged well...