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Meta's problems are due to a lack of direction and very poor decision making from the very top. The Metaverse was a huge expensive failure, their core demograph
by danjac 4y ago
Meta's problems are due to a lack of direction and very poor decision making from the very top. The Metaverse was a huge expensive failure, their core demographics are old people and their Instagram demographic is being eaten up by TikTok.
Zuckerberg is not an "ideas" guy. He had that one great idea back in the early 2000s (whether you believe it was his idea or not, he did execute on it) and everything since then has been acquisitions. Sure maybe they can wring out more "productivity" by return to office or firing their middle managers or whatever but so what? It doesn't matter how fast you can run if you are running in the wrong direction.
- ElfinTrousers 4y agoIf the "one great idea" you refer to is a social network, Friendster and Myspace beat Zuckerberg to it by years.
- danjac 4y agoSure, the concept of a social network wasn't novel, but Zuckerberg had some insights that led to FB becoming the dominant network within a few years - for example incubating inside US colleges to gain traction among younger demographics through word of mouth, building an ecosystem around games and apps, creating a social graph based on real identities and relationships that yielded lucrative marketing data, and so on.