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Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network. The com
by randomsearch 4y ago
Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network.
The company cannot innovate and has bet the farm on their ability to innovate.
I’ve said it before: Facebook should monetise WhatsApp via payments (real payments, not crypto) and other services. That’s something within their capability and very much within their reach. Maybe they’re seeing that as a backup when VR fails, but the longer they leave it the bigger the risk someone else takes that market.
- deleted 4y ago[deleted]
- komaromy 4y ago> Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network. Marketplace?
- randomsearch 4y agoYeah maybe I should have said “ideated and created from scratch” as directly cloning other products or features is something they’ve done a lot.
- mupuff1234 4y agoSo according to that logic the metaverse could succeed since it started from an acquisition (oculus), no?
- randomsearch 4y agohardware, to an extent - but not fully developed software - nope, it's all new, they can't do it
- disgruntledphd2 4y agoYeah agreed on payments. I kept asking this question when I was there in 2013. They had payments licenses everywhere and just fluffed it completely in a quixotic attempt to put ads in messenger. Like, from a margin perspective I get why they didn't want to do this, but it would have been a fantastic hedge against what happened with Apple and would probably have prevented Shopify from ever scaling.