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> having successfully privatized a massive commons They created the commons. It didn't exist before and several companies tried to do what they did. They all
by askafriend 7y ago
> having successfully privatized a massive commons
They created the commons.
It didn't exist before and several companies tried to do what they did. They all failed. MySpace had a huge head start. Didn't matter. Everyone shit on the Instagram acquisition for $1B when it was first reported and years afterwards (in fact Zuck made the decision without even consulting the board and right before a risky IPO where the public was sure to take it as a negative signal). He saw the value and invested in it. Today Instagram is a $100B entity that does more revenue than YouTube.
Credit where credit is due.
That’s not to say there aren’t issues. There obviously are and they’re well documented.