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The only substantial difference between this company and, say, Facebook, is that Facebook generally knows how to budget properly. Facebook and other large succe

The only substantial difference between this company and, say, Facebook, is that Facebook generally knows how to budget properly. Facebook and other large successful companies try to only commit crimes when they know the profit from doing so exceeds the risk of being caught and punished.

goatinaboat 7y ago
Facebook and other large successful companies try to only commit crimes when they know the profit from doing so exceeds the risk of being caught and punished. Indeed; when I clicked the story I expected it to be about working for a FAANG.
speedplane 7y ago
> Facebook and other large successful companies try to only commit crimes when they know the profit from doing so exceeds the risk of being caught and punished. While this statement is often true (big companies make these cost-benefit decisions), I don't think it really captures what is happening to Facebook. Doing a cost-benefit analysis like this requires having data on potential costs and benefits. In most cases, Facebook didn't have this data. When an individual, company, or institution is faced with a decision, but lacks data to properly evaluate it, they fallback on other decision making tools, including instinct and principles. Facebook almost certainly didn't know the consequences of the many decisions they made, they didn't know the potential costs or benefits. But they did have some underlying principles, namely: maximizing platform engagement, convincing people to share more personal data on their platform, and exploiting user data for better advertising. With these foundational principles, you can end up making some really bad decisions even without a proper cost-benefit analysis.
heisenbit 7y ago
Well FB - lets you sign a waiver that you are willing to receive spam - ensures that you sign with your real name, not a shell - are not a helpless child that can be endangered This together guarantees that neither a crime is committed nor enabled.

goatinaboat 7y ago

Facebook and other large successful companies try to only commit crimes when they know the profit from doing so exceeds the risk of being caught and punished. Indeed; when I clicked the story I expected it to be about working for a FAANG.

speedplane 7y ago

> Facebook and other large successful companies try to only commit crimes when they know the profit from doing so exceeds the risk of being caught and punished. While this statement is often true (big companies make these cost-benefit decisions), I don't think it really captures what is happening to Facebook. Doing a cost-benefit analysis like this requires having data on potential costs and benefits. In most cases, Facebook didn't have this data. When an individual, company, or institution is faced with a decision, but lacks data to properly evaluate it, they fallback on other decision making tools, including instinct and principles. Facebook almost certainly didn't know the consequences of the many decisions they made, they didn't know the potential costs or benefits. But they did have some underlying principles, namely: maximizing platform engagement, convincing people to share more personal data on their platform, and exploiting user data for better advertising. With these foundational principles, you can end up making some really bad decisions even without a proper cost-benefit analysis.

heisenbit 7y ago

Well FB - lets you sign a waiver that you are willing to receive spam - ensures that you sign with your real name, not a shell - are not a helpless child that can be endangered This together guarantees that neither a crime is committed nor enabled.