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Facebook is not an advertising company. They're a parasitic revenue laundering company. They feed off the cashflow of soon-to-be-bankrupt startups as part of gi
by cryptica 6y ago
Facebook is not an advertising company. They're a parasitic revenue laundering company. They feed off the cashflow of soon-to-be-bankrupt startups as part of giant global VC-fueled pyramid money laundering scheme. Founders get paid to take huge loans on their startup's books and run their startups straight into the ground while laundering all their capital to beef up Facebook's revenue for the benefit of big VCs and their crony capitalist friends who own Facebook shares. The shell company's employees and regular tax payers (who lose value via monetary inflation caused by these dubious bank loans) take the fall while all the key participants of the scheme get off scot free.
Rince and repeat; real definition of 'serial entrepreneur'.
- ppf 6y agoOne day, books will be written about the predatory and degrading tactics used by Silicon Valley companies of all types. It is ironic that in an area of the country that prides itself on its own "progressiveness", people are more than happy to grind employees of speculative startup companies into the ground in a effort to raze the competition with free products, while living off endless VC investments. Google, as it exists now, is the natural outcome of this process.
- foobiekr 6y agoThis process actually does deserve a well-researched book.