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On that topic by M.G. Siegler on 10/6: "Facebook is not dying as a business, but they’ve died as a brand. The company needs to move on to ‘what’s next’ as quic
by jpdus 5y ago
On that topic by M.G. Siegler on 10/6:
"Facebook is not dying as a business, but they’ve died as a brand. The company needs to move on to ‘what’s next’ as quickly as possible to distance themselves from the social network. This is nothing new, of course — I wrote this over six years ago. They’ve more or less been trying to do this for years. But even in creating an umbrella company, they called it ‘Facebook’, which was dumb. It was the exact opposite of what they should have done. Because, again, Facebook, the brand, is over."
https://500ish.com/facebook-is-too-big-fail-eb8c143a9afc https://500ish.com/facebook-is-too-big-fail-eb8c143a9afc
- alangibson 5y agoFully agree about Fb the brand being dead. That's a stink that's not coming off. I think the business has good prospects. They're just learning how to monitize Ig and haven't begun to wring cash out of Whatsapp. Does anyone really think though that Fb the company has what it takes to produce another world beating product? Call me pessimistic, but their best shot is buying up innovative companies and not strangling the cool out of them (ie Oculus)
- Duralias 5y ago> Does anyone really think though that Fb the company has what it takes to produce another world beating product? Is what they are trying with the Metaverse stuff. Kinda weird considering that buying "the next big thing" has worked so well for them before.
- alangibson 5y agoThe libra fiasco should make anyone wonder if Fb is going to be able to sell the public on a big new project. At this point it feels like users tolerate Fb purely due to the network effects they have.
- chadlavi 5y agoThey don't have to, they just have to buy it Edit: yeah, what you said.
- barbazoo 5y agoAs far as the ordinary user is concerned, there is no stink at all. People are not as aware of FBs negative impact or scandals to the degree that the average HN user is.
- alangibson 5y agoIt's gone mainstream. Even the most ordinary user watches cable news. My close relations are as out of touch as it gets, and even they hold their noses when they use Fb now.
- jzymbaluk 5y agoOculus at least was a strategic acquisition for whatever this metaverse product is going to end up being. If job listings are any indication, they are sinking a ton of money into VR research and devices. Something big is in the works. Given their stated goal of pivoting to the metaverse, I think their long-term goal is to make a ready-player-one style full virtual world, and Oculus and related products and technologies are gonna be a big part of that