4 ms·

It's the Facebook playbook of doing something illegal/immoral, getting caught, saying 'gee sorry, that was an accident', then doing it all over again.

ct520 6y ago
LOL for real. I will cry no tears for FB when they get what’s coming to them. Will be the MySpace of my kids time.(if it’s not already is)
- lotsofpulp 6y ago
  FB has had solid revenue and net income for many years, so much that it’s one of the most valuable companies in the world. It’s not comparable to MySpace, and definitely isn’t going anywhere anytime soon.
  - DeusExMachina 6y ago
    While Facebook and MySpace are different in many ways, the average lifespan of a S&P 500 company is below 20 years. Facebook could very well be an outlier. If it isn't, it could definitely go away in the coming years. In any case, that shows that its revenue/income is not a predictor of anything. When a company spirals down, it does so at an accelerating rate and can quickly burn through any amount of cash.
    - lotsofpulp 6y ago
      Facebook is very far from an average SP500 company, as are the rest of the big tech companies. They drive the market indices with how much investors think they are worth and will be worth. And they have levels of cash that tech (or any) companies in decades past could only dream of.
      - totalZero 6y ago
        I'm sure the executives of Enron and Kodak felt similarly. However, no level of corporate success is granted indefinitely.
      - ct520 6y ago
        Ok - you are right . History is wrong. Facebook until 3000. My bad for ever doubting you based on facts and history
  - ct520 6y ago
    Uh - ok
- echelon 6y ago
  As bad as Facebook is, it's being supplanted by the CCP-controlled TikTok. That's almost certainly worse for freedom.
  - noirbot 6y ago
    I'm not sure supplanted is right here. TikTok right now feels more like it's taking the role of Snapchat/Vine/Instagram. Part of the never-ending rollover of new apps for that sort of thing. Time will tell, but it doesn't feel like it will kill Facebook.
  - thedragonbabe 6y ago
    Exactly
polemic 6y ago
Hard disagree. Until extremely recently Zoom was a mature enterprise video conference solution. It's a B2B product that has suddenly exploded in general consumer usage, and suddenly product and commercial decisions made in that context are at odds with their new market. They don't sell ads or your personal data, they're not interested in your private life, and their users are their customer. In other words, they lack the nefarious motive of the Facebooks of the world. They're changing - rapidly - and I believe we can take their efforts to change at face value.
- reaperducer 6y ago
  they lack the nefarious motive of the Facebooks of the world No. It lacks the obvious, commercial nefarious motives of the Facebooks of the world. As many have pointed out, Zoom is believed to be CCP-controlled at some level. That's as nefarious as it gets.

ct520 6y ago

LOL for real. I will cry no tears for FB when they get what’s coming to them. Will be the MySpace of my kids time.(if it’s not already is)

lotsofpulp 6y ago
FB has had solid revenue and net income for many years, so much that it’s one of the most valuable companies in the world. It’s not comparable to MySpace, and definitely isn’t going anywhere anytime soon.
- DeusExMachina 6y ago
  While Facebook and MySpace are different in many ways, the average lifespan of a S&P 500 company is below 20 years. Facebook could very well be an outlier. If it isn't, it could definitely go away in the coming years. In any case, that shows that its revenue/income is not a predictor of anything. When a company spirals down, it does so at an accelerating rate and can quickly burn through any amount of cash.
  - lotsofpulp 6y ago
    Facebook is very far from an average SP500 company, as are the rest of the big tech companies. They drive the market indices with how much investors think they are worth and will be worth. And they have levels of cash that tech (or any) companies in decades past could only dream of.
    - totalZero 6y ago
      I'm sure the executives of Enron and Kodak felt similarly. However, no level of corporate success is granted indefinitely.
    - ct520 6y ago
      Ok - you are right . History is wrong. Facebook until 3000. My bad for ever doubting you based on facts and history
- ct520 6y ago
  Uh - ok
echelon 6y ago
As bad as Facebook is, it's being supplanted by the CCP-controlled TikTok. That's almost certainly worse for freedom.
- noirbot 6y ago
  I'm not sure supplanted is right here. TikTok right now feels more like it's taking the role of Snapchat/Vine/Instagram. Part of the never-ending rollover of new apps for that sort of thing. Time will tell, but it doesn't feel like it will kill Facebook.
- thedragonbabe 6y ago
  Exactly

polemic 6y ago

Hard disagree. Until extremely recently Zoom was a mature enterprise video conference solution. It's a B2B product that has suddenly exploded in general consumer usage, and suddenly product and commercial decisions made in that context are at odds with their new market. They don't sell ads or your personal data, they're not interested in your private life, and their users are their customer. In other words, they lack the nefarious motive of the Facebooks of the world. They're changing - rapidly - and I believe we can take their efforts to change at face value.

reaperducer 6y ago
they lack the nefarious motive of the Facebooks of the world No. It lacks the obvious, commercial nefarious motives of the Facebooks of the world. As many have pointed out, Zoom is believed to be CCP-controlled at some level. That's as nefarious as it gets.