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Follow the money not the tech for this story. Facebook sold to individuals as a workforce automation platform for teenage girl relationships-as-a-pattern that
by VLM 4y ago
Follow the money not the tech for this story.
Facebook sold to individuals as a workforce automation platform for teenage girl relationships-as-a-pattern that anyone can use, AND double dipped selling to biz and gov as a propaganda outlet and that makes huge revenue until people get tired of it, disillusioned, and move on. It seems to mostly be bots and addicts now, I wouldn't go there in 2022, to actually socialize or be propagandized to.
Meta's story is "lets do the same thing over again but technologically more complicated and expensive" No Facebook enduser ever wanted to do the same stuff as FB but requiring a more expensive graphics card or shorter battery life. Meta doesn't seem to have a purpose to endusers. To technical people its an interesting challenge, but to end users its this generation's superconducting supercollider. "Well it burns stacks of cash to entertain techie people and nobody else cares". Best of luck with that biz model...
- colinmhayes 4y agoYou’re right to say follow the money, but you didn’t actually do it. Revenue is basically flat. Ad impressions up around 20% this year. Engagement is not going down. Meta stock is down 70% this year because mark just said he’s going to lose 15 billion on reality labs next year even though ever single investor is saying that number is at least 5x too high. Investors no longer trust mark has their best interest at heart.