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That's ridiculous. If someone commits fraud and you believe them that is their fault, not yours for being a victim.

by neaden 7y ago

macspoofing 7y ago
I'm not saying you don't hold FB responsible for lying. If they made false promises they should be sued and the courts should make a proper judgement. Having said that, if you're CollegeHumor, what you can't do is abrogate responsibility for your business decisions, one of which is risking your entire business on an unproven video platform based on the promises of FB salespeople. You still have a responsibility to validate the platform and not just be a fully trusting stooge. It's like a pedestrian crossing the street when the light is green. The pedestrian should still look both ways, even if they are in the right because it's no consolation to be dead and correct.
- dave5104 7y ago
  Facebook was found responsible for lying. They were sued, and the courts did make a judgment--not sure if it was exactly proper or not. They simply paid a $40m fine. https://fortune.com/2019/10/07/facebook-lawsuit-settlement-inflated-video-data-advertisers/ https://fortune.com/2019/10/07/facebook-lawsuit-settlement-i...
- munk-a 7y ago
  I am sure CH had some serious numbers people watching FB as they initially tried it out and then over the longer term - the issue is that FB outright lied about numbers in a very misleading manner that has been found to have been fraudulent. It's quite possible CH could discover this via revenue attribution but you need to be paranoid enough to do a deep dive into the numbers to actually confirm that and, TBH, it's generally irresponsible for businesses to invest that heavily into revenue auditing when they don't have strong suspicions about their revenue stability. It's likely that CH specifically erred in acting overly bullish on early numbers back from FB, seeing the view trend they wanted to capitalize on what seemed to be a very strong market and be an early entrant - FB vastly inflated their numbers but even without that aiming to dominate an early market is always quite risky due to the lack of proof around the long term stability of the market... that sort of over-investment would usually result in a contraction to appropriate size along with a loss of fluidity for a company, it's only game ending when the market is committing outright fraud.

That's ridiculous. If someone commits fraud and you believe them that is their fault, not yours for being a victim.

by neaden 7y ago

That's ridiculous. If someone commits fraud and you believe them that is their fault, not yours for being a victim.

I'm not saying you don't hold FB responsible for lying. If they made false promises they should be sued and the courts should make a proper judgement. Having said that, if you're CollegeHumor, what you can't do is abrogate responsibility for your business decisions, one of which is risking your entire business on an unproven video platform based on the promises of FB salespeople. You still have a responsibility to validate the platform and not just be a fully trusting stooge. It's like a pedestrian crossing the street when the light is green. The pedestrian should still look both ways, even if they are in the right because it's no consolation to be dead and correct.

dave5104 7y ago
Facebook was found responsible for lying. They were sued, and the courts did make a judgment--not sure if it was exactly proper or not. They simply paid a $40m fine. https://fortune.com/2019/10/07/facebook-lawsuit-settlement-inflated-video-data-advertisers/ https://fortune.com/2019/10/07/facebook-lawsuit-settlement-i...
munk-a 7y ago
I am sure CH had some serious numbers people watching FB as they initially tried it out and then over the longer term - the issue is that FB outright lied about numbers in a very misleading manner that has been found to have been fraudulent. It's quite possible CH could discover this via revenue attribution but you need to be paranoid enough to do a deep dive into the numbers to actually confirm that and, TBH, it's generally irresponsible for businesses to invest that heavily into revenue auditing when they don't have strong suspicions about their revenue stability. It's likely that CH specifically erred in acting overly bullish on early numbers back from FB, seeing the view trend they wanted to capitalize on what seemed to be a very strong market and be an early entrant - FB vastly inflated their numbers but even without that aiming to dominate an early market is always quite risky due to the lack of proof around the long term stability of the market... that sort of over-investment would usually result in a contraction to appropriate size along with a loss of fluidity for a company, it's only game ending when the market is committing outright fraud.