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There’s a real disconnect I’m noticing, which comes with a kind of script here. “Nobody cares,” “I’m buying their stock,” “It will all blow over,” “No one outsi
by domevent 9y ago
There’s a real disconnect I’m noticing, which comes with a kind of script here. “Nobody cares,” “I’m buying their stock,” “It will all blow over,” “No one outside of our bubble cares.”
I suspect the same people will be saying the same thing next week when another $50b have been shed, another scandal or two has come to light, and more users and advertisers flee the platform. I wonder at what point it’s going to sink in that between Trump’s election and a general backlash against tech, this is the tip of a very large iceberg?
- jadedhacker 9y agoI'm sympathetic to wanting to see a shift in the way things have been going, but we shouldn't lose sight of reality. If this is the beginning of something, it's a years long process that has begun. We're not going to see a change overnight.
- gutnor 9y agoYou will always see both side of the coin - after all if your interpretation was any more certain than parent, the stock would be worth 0 today. FB lost a few months of profits and has a set of issues. All the rest are hunches, it could be the beginning of the end, or just shedding a bunch of investors that just want to cash in and have nothing to do with the drama. It could also be the time that the government step in, regulate the shit out of social network, locking anyone but the richest companies from competing and basically cementing Facebook as de-facto standard with a license to print money.