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Why does a company that still has majority founder votes, and founder CEO do something like this? Zuckerberg can't be this dumb, his bonuses don't depend on the

Why does a company that still has majority founder votes, and founder CEO do something like this? Zuckerberg can't be this dumb, his bonuses don't depend on the share price, so why destroy your company like this? I just don't get it. If you think further than the next quarter this seems like a terrible long term choice. Can someone explain how a company like Meta arrives at a decision like this?

Traubenfuchs 4y ago
> Zuckerberg can't be this dumb You are giving this person too much credit. His only other big thing besides getting lucky with Facebook itself is the metaverse, a soulless "Second Life 2 with VR and blockchain support". > Can someone explain how a company like Meta arrives at a decision like this? Maybe everyone just gave up, they know they have no way to fix Meta, so they are just gonna squeeze the lemon really, really tight one last time?
- zaat 4y ago
  > His only other big thing besides getting lucky with Facebook itself is the metaverse To take something like Facebook from very successful college site into the behemoth it is now with luck alone one needs a particularly shining star.
  - cloutchaser 4y ago
    Yeah this is a very silly and ignorant argument, especially when so many other smart people say Zuckerberg is insanely ambitious and smart. If building a $1trn company would be this easy everyone would be doing it.
    - Traubenfuchs 4y ago
      > If building a $1trn company would be this easy everyone would be doing it. He didn't build 1 trillion dollar company -his team did. He was just there at the right time and did the right thing when he developed the initial version of Facebook, something any somewhat competent full stack developer can do -and I am explicitly talking about the initial version, not the planet scale real time super systems his team later came up with. I'd argue if any of us were sent back in time just one year before he started working on Facebook, we could easily be the Facebook founder of that timeline.
      - zaat 4y ago
        Others did try, before and after he did. Are you arguing that all that was needed to get Facebook to where it is now is owning Facebook at the time and having the access to engineering team? There is the whole problem of hiring them, managing their manager,and in addition to the tech, there's the whole domain of the business. Mark is famous for keeping decision privileges to himself and for being central managed who's very involved in the business. Are you arguing that the successful results of his decisions are arbitrary? That doesn't make sense - like I said, others tried before him, even got some traction but lost the game. Others tried afterwards, Google for example, and lost. He survived snap. He incorporated Insta and Whatsapp. Do you really think that any average fool with the ship and the money could get some smart guys to sail the seas for him?
      - cloutchaser 4y ago
        I see comments like this all the time on HN. It's a bit pointless replying, because your views are so black and white, but you really have no idea how much value there is in taking risk, leading a team, and executing well. These are gifts given to very few people on the planet. That's WHY there are so few 1trn companies. The ultimate question is: There are hundreds of thousands of good dev teams, why don't they all build $1trn companies.
      - samlambert 4y ago
        You are conflating building a company and building a web app.
saulpw 4y ago
Sheryl Sandberg left recently.

Traubenfuchs 4y ago

> Zuckerberg can't be this dumb You are giving this person too much credit. His only other big thing besides getting lucky with Facebook itself is the metaverse, a soulless "Second Life 2 with VR and blockchain support". > Can someone explain how a company like Meta arrives at a decision like this? Maybe everyone just gave up, they know they have no way to fix Meta, so they are just gonna squeeze the lemon really, really tight one last time?

zaat 4y ago
> His only other big thing besides getting lucky with Facebook itself is the metaverse To take something like Facebook from very successful college site into the behemoth it is now with luck alone one needs a particularly shining star.
- cloutchaser 4y ago
  Yeah this is a very silly and ignorant argument, especially when so many other smart people say Zuckerberg is insanely ambitious and smart. If building a $1trn company would be this easy everyone would be doing it.
  - Traubenfuchs 4y ago
    > If building a $1trn company would be this easy everyone would be doing it. He didn't build 1 trillion dollar company -his team did. He was just there at the right time and did the right thing when he developed the initial version of Facebook, something any somewhat competent full stack developer can do -and I am explicitly talking about the initial version, not the planet scale real time super systems his team later came up with. I'd argue if any of us were sent back in time just one year before he started working on Facebook, we could easily be the Facebook founder of that timeline.
    - zaat 4y ago
      Others did try, before and after he did. Are you arguing that all that was needed to get Facebook to where it is now is owning Facebook at the time and having the access to engineering team? There is the whole problem of hiring them, managing their manager,and in addition to the tech, there's the whole domain of the business. Mark is famous for keeping decision privileges to himself and for being central managed who's very involved in the business. Are you arguing that the successful results of his decisions are arbitrary? That doesn't make sense - like I said, others tried before him, even got some traction but lost the game. Others tried afterwards, Google for example, and lost. He survived snap. He incorporated Insta and Whatsapp. Do you really think that any average fool with the ship and the money could get some smart guys to sail the seas for him?
    - cloutchaser 4y ago
      I see comments like this all the time on HN. It's a bit pointless replying, because your views are so black and white, but you really have no idea how much value there is in taking risk, leading a team, and executing well. These are gifts given to very few people on the planet. That's WHY there are so few 1trn companies. The ultimate question is: There are hundreds of thousands of good dev teams, why don't they all build $1trn companies.
    - samlambert 4y ago
      You are conflating building a company and building a web app.

saulpw 4y ago

Sheryl Sandberg left recently.