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facebook is bad because it is run with an iron fist by a single person. Eventually Zuckerberg was surrounded by yesmen. This is almost impossible to avoid. Wit

by ouid 4y ago

facebook is bad because it is run with an iron fist by a single person. Eventually Zuckerberg was surrounded by yesmen. This is almost impossible to avoid. With wealth inequality on the rise, the yesman industry has developed a lot of tradecraft that has made them better at the extraction of that wealth. This creates mania, and with no oversight, the entire company is subject to his manic whims.

fullshark 4y ago
I'd like to think this is the final nail in the coffin in dual stock structures, but of course the next great growth company will be built somewhere sometime, and the public markets will be desperate to get a piece and will do whatever it takes to make that happen.
dont__panic 4y ago
Strange. I think Facebook is bad because they've turned a decent, useful product into a cash-generation machine... to the detriment of the original product. So much so that many have decided that it's not worth dealing with the cash-generating cancer to access the compromised functionality of the core product. Zuck is in a unique position where he has full control over Facebook. He could declare today that Facebook doesn't need to generate this much profit, add an option for a chronological news feed, and turn down the ads to "KTLO" level from the current "fund the metaverse, maximum profit" levels. I loathe Zuck because he refuses to do anything like this, despite the obvious social ills of Facebook. Maybe corporate yesmen have something to do with his choice, but it seems more likely to me that Zuck has decided to keep Facebook a cancerous mess all on his own.
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artificialLimbs 4y ago
My coworker just told us a story in this morning's meeting about signing up for Facebook. He created an account about a week ago, but didn't upload anything, post, or put in any optional information. Yesterday he received an email notifying him that his account was suspended because it 'violated community guidelines'. The just lost what would have been a new customer, over what, exactly? Who knows...

by ouid 4y ago

fullshark 4y ago

I'd like to think this is the final nail in the coffin in dual stock structures, but of course the next great growth company will be built somewhere sometime, and the public markets will be desperate to get a piece and will do whatever it takes to make that happen.

dont__panic 4y ago

Strange. I think Facebook is bad because they've turned a decent, useful product into a cash-generation machine... to the detriment of the original product. So much so that many have decided that it's not worth dealing with the cash-generating cancer to access the compromised functionality of the core product. Zuck is in a unique position where he has full control over Facebook. He could declare today that Facebook doesn't need to generate this much profit, add an option for a chronological news feed, and turn down the ads to "KTLO" level from the current "fund the metaverse, maximum profit" levels. I loathe Zuck because he refuses to do anything like this, despite the obvious social ills of Facebook. Maybe corporate yesmen have something to do with his choice, but it seems more likely to me that Zuck has decided to keep Facebook a cancerous mess all on his own.

deleted 4y ago
[deleted]

artificialLimbs 4y ago

My coworker just told us a story in this morning's meeting about signing up for Facebook. He created an account about a week ago, but didn't upload anything, post, or put in any optional information. Yesterday he received an email notifying him that his account was suspended because it 'violated community guidelines'. The just lost what would have been a new customer, over what, exactly? Who knows...