3 ms·
1. It's very hard to say, from a valuation POV, FB did the wrong thing. They are the 5th largest company in the world. If they built on sand, then it was sand m
by nemothekid 6y ago
1. It's very hard to say, from a valuation POV, FB did the wrong thing. They are the 5th largest company in the world. If they built on sand, then it was sand made from gold nuggets.
2. I think what is lost is that FB was blindsided by the transition to mobile, at first. They didn't (and probably couldn't) have had the foresight to know to build a mobile phone, when they were hardly focusing on mobile in the first place. They made a huge turn around to focus on mobile then FB exploded.
3. There is no way in hell FB could have built their own phone. Apple didn't wake up one day and decide to build the iPhone, it was step 100 in a very long staircase, that started with the original iPhone.
4. Google tried to build their own Phone, and is failing it at it. Again, I can't imagine a world where FB succeeds at making their own phone, better than the iPhone (while also supporting the iPhone), that isn't a money pit, like it is for everyone who isn't named Apple/Samsung.
- voisin 6y agoI don’t think the previous poster is suggesting FB build a phone but rather than FB not monetize its users via ads and instead monetize them by providing value they will pay for.
- calmworm 6y agoThe "sand" is very clearly the tricky and underhanded tracking and privacy invasion base that FB has built their house on.
- lotsofpulp 6y agoThey definitely could due to them having so much cash, and it is a money pit, but high risk, high reward. Seems to me like all these companies with huge cash flow and cash piles like MS/FB/Google/Samsung don’t want to invest in creating a high quality device people can trust, they don’t want to create a network of retail stores people can go to get help. They have their easy money collecting rent on software (Microsoft) or advertising. So be it if they don’t want to risk their cash.