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> If Meta dies the economy will follow Can you expand on this? I see a company that produces net-negative societal value going through a process of price disco
by willturman 5y ago
> If Meta dies the economy will follow
Can you expand on this? I see a company that produces net-negative societal value going through a process of price discovery. Facebook/Meta offer nothing beyond a shrinking user base to advertisers.
- ReaLNero 5y agoA firm can be net-negative in societal value, while profitable in the value it captures. E.g. oil companies