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Well, this is my gripe with their "go fast and break things" mantra. It works as long as you have such a highly desirable product that your users just don't car

Well, this is my gripe with their "go fast and break things" mantra. It works as long as you have such a highly desirable product that your users just don't care if you're doing everything right. (Or maybe you're in a non-mission-critical business, or better yet, your customers are a bunch of kids!) I'm all for going fast and sincerely believe in "A sense of urgency", but Facebook is really lucky they're not serving more serious/demanding customers.

gee_totes 14y ago
Facebook is serving shareholders now. I'm hoping there are some serious repercussions internally at FB for this, because as a shareholder, I'm pissed they messed this up because the user base is upset and will continue to stop trusting Facebook. How's the stock supposed to get back to 38 now?
- chill1 14y ago
  it isn't.
- bira 14y ago
  Did you buy at 38?
- veyron 14y ago
  Your mistake was buying into FB. Honestly it will take a major acquisition to reach 38.
- Silhouette 14y ago
  How's the stock supposed to get back to 38 now? Sorry to be cynical, but: it was never supposed to be at 38 in the first place. Facebook isn't worth anything close to its nominal market cap, it's just the latest very high profile pyramid scheme, or rather it would have been if they hadn't gone in so absurdly high with the IPO that even the heavyweight investors interested in risky tech stocks have mostly run away.
- josephagoss 14y ago
  If you valued Apple like Facebook was at 38 Apple would be worth over 2 trillion dollars. Also keep in mind Apple is faster growing than Facebook in terms of actually making money. Yeah, sure there is some potential but perhaps not that much. Everyone does scream its got the same trajectory as Google, but the thing is they are already slowing down. If the stock hits 38 again and Facebook has not figured out a marvelous new way to make a lot more money, then its all just speculation and gambling.
- MrBlue 14y ago
  "...because as a shareholder..." A couple quick questions: 1. How much did you buy in at? 2. WHY on Earth did you buy?
chrischen 14y ago
It works on facebook because no one uses facebook for anything important. But messing with iOS contacts... that's reaching out and breaking things that aren't on facebook.
- pavel_lishin 14y ago
  Define important. It's become my de facto social calendar, and it's how I communicate online with most people that aren't geographically close to me. (I'm honestly not even sure I even have their email addresses, especially not since this fiasco.)
  - chrischen 14y ago
    Yea I communicate with my friends through facebook. That's one way to do it. My communications with friends aren't important compared to something like email which I use with investors or for business. However facebook drops messages often enough that I wouldn't use it for important stuff even if I wanted to.
matthew-wegner 14y ago
I wish their mantra for anything that touched this much personal contact/privacy information was, "slow down and think things through". (Granted, a LOT of Facebook touches personal information, but something like this is pretty tendril-y in its reach).

gee_totes 14y ago

Facebook is serving shareholders now. I'm hoping there are some serious repercussions internally at FB for this, because as a shareholder, I'm pissed they messed this up because the user base is upset and will continue to stop trusting Facebook. How's the stock supposed to get back to 38 now?

chill1 14y ago
it isn't.
bira 14y ago
Did you buy at 38?
veyron 14y ago
Your mistake was buying into FB. Honestly it will take a major acquisition to reach 38.
Silhouette 14y ago
How's the stock supposed to get back to 38 now? Sorry to be cynical, but: it was never supposed to be at 38 in the first place. Facebook isn't worth anything close to its nominal market cap, it's just the latest very high profile pyramid scheme, or rather it would have been if they hadn't gone in so absurdly high with the IPO that even the heavyweight investors interested in risky tech stocks have mostly run away.
josephagoss 14y ago
If you valued Apple like Facebook was at 38 Apple would be worth over 2 trillion dollars. Also keep in mind Apple is faster growing than Facebook in terms of actually making money. Yeah, sure there is some potential but perhaps not that much. Everyone does scream its got the same trajectory as Google, but the thing is they are already slowing down. If the stock hits 38 again and Facebook has not figured out a marvelous new way to make a lot more money, then its all just speculation and gambling.
MrBlue 14y ago
"...because as a shareholder..." A couple quick questions: 1. How much did you buy in at? 2. WHY on Earth did you buy?

chrischen 14y ago

It works on facebook because no one uses facebook for anything important. But messing with iOS contacts... that's reaching out and breaking things that aren't on facebook.

pavel_lishin 14y ago
Define important. It's become my de facto social calendar, and it's how I communicate online with most people that aren't geographically close to me. (I'm honestly not even sure I even have their email addresses, especially not since this fiasco.)
- chrischen 14y ago
  Yea I communicate with my friends through facebook. That's one way to do it. My communications with friends aren't important compared to something like email which I use with investors or for business. However facebook drops messages often enough that I wouldn't use it for important stuff even if I wanted to.

matthew-wegner 14y ago

I wish their mantra for anything that touched this much personal contact/privacy information was, "slow down and think things through". (Granted, a LOT of Facebook touches personal information, but something like this is pretty tendril-y in its reach).