29 ms·

I wouldn't place bets on anything Zuckerberg has to say for future predictions given how insanely overvalued social media companies are. It's his job to keep t

I wouldn't place bets on anything Zuckerberg has to say for future predictions given how insanely overvalued social media companies are. It's his job to keep the stock price up and people are keeping their ears tuned into "AI" as if it's some magical productivity panacea.

jononor 2y ago
Why do you consider the social media companies overvalued? In a consumer economy driven by advertising and influencing, with billions in online shopping, social media are very well placed to dip into those large money streams (and they do). Of course one should always consider what motivations lie behind a persons statement. And be distrustful of people trying to make a gigabuck.
- redserk 2y ago
  Bluntly? “Vibes” I’m skeptical given how common of a sentiment it is that Facebook and Instagram are dead. Over the last few years they’ve been adding more and more “suggested” content in the feeds and then there’s talk of adding AI-generated content. Why would a site flush with activity need to generate it’s own content? I’d expect AI-generated content from a site getting off the ground to try attracting users, I wouldn’t expect it as a potential mainstay for a site that’s confident of their relevancy. That said, Meta deserves credit for an impressive launch of Threads and may very well be able to pull it off with another type of social networking site (YouTube competitor anyone?), but the Meta brand is feeling dated. Additionally, more states are looking into clamping down privacy laws and social media use by <18yr olds.
  - jononor 2y ago
    Yeah a particular company like Meta might be in for a challenging time. Mostly due to competition from the other social media companies. So the entire class of social media companies as a whole is very well positioned.

29 ms·

I wouldn't place bets on anything Zuckerberg has to say for future predictions given how insanely overvalued social media companies are. It's his job to keep t

by redserk 2y ago

jononor 2y ago
Why do you consider the social media companies overvalued? In a consumer economy driven by advertising and influencing, with billions in online shopping, social media are very well placed to dip into those large money streams (and they do). Of course one should always consider what motivations lie behind a persons statement. And be distrustful of people trying to make a gigabuck.
- redserk 2y ago
  Bluntly? “Vibes” I’m skeptical given how common of a sentiment it is that Facebook and Instagram are dead. Over the last few years they’ve been adding more and more “suggested” content in the feeds and then there’s talk of adding AI-generated content. Why would a site flush with activity need to generate it’s own content? I’d expect AI-generated content from a site getting off the ground to try attracting users, I wouldn’t expect it as a potential mainstay for a site that’s confident of their relevancy. That said, Meta deserves credit for an impressive launch of Threads and may very well be able to pull it off with another type of social networking site (YouTube competitor anyone?), but the Meta brand is feeling dated. Additionally, more states are looking into clamping down privacy laws and social media use by <18yr olds.
  - jononor 2y ago
    Yeah a particular company like Meta might be in for a challenging time. Mostly due to competition from the other social media companies. So the entire class of social media companies as a whole is very well positioned.