4 ms·
you think folks that have experience managing this much money/resources (unlike yourself) are clueless? more likely it's 4D chess.
by jiveturkey 1y ago
you think folks that have experience managing this much money/resources (unlike yourself) are clueless? more likely it's 4D chess.
- deleted 1y ago[deleted]
- jamwil 1y agoJust like the metaverse?
- goyagoji 1y agoAnti-aging startups is 5D chess, the 4th dimension is the most fickle so it's very hard to make it to a 4D intercept when your ideas are stupid.
- jiveturkey 1y agosometimes you lose
- dude250711 1y agoLike everything but acquisitions since the original product?
- kelnos 1y agoWhen your track record includes a lot of losses, the scale points more and more toward "clueless" and away from "4D chess".
- aspenmayer 1y agoIsn’t that already priced in? Shorts exist.
- jeremyjh 1y agoThe market can stay irrational for longer than you can stay solvent.
- aspenmayer 1y agoThat was my point, if someone thinks that Meta is overvalued, they can put their money where their mouth is. The fact that the share price hasn’t cratered is a kind of collective belief in the opposite.
- ath3nd 1y agoEdgy prediction: Meta is irrelevant and on a path to even further irrelevancy, and, fingers crossed, a bankruptcy or at least Zuck being removed as the main man
- aspenmayer 1y agoEdgier prediction: Meta is too (big, but more importantly) relevant to (be allowed to) fail, because it can be co-opted by TLAs due to its apps being pre-loaded on mobile devices. https://news.ycombinator.com/context?id=44979751 https://news.ycombinator.com/context?id=44979751
- Imustaskforhelp 1y agoThere were a lot of things too big to fail Lehman brothers, Enron. When this bubble pops, its going to be absolute chaos maybe just like last time
- aspenmayer 1y agoIt will be chaos for those working at Meta and those invested in them too much without an appropriate hedge. I doubt I will notice much, to be honest. Even if Meta tanked, unless Messenger/Whatsapp stop working, it’s kind of beside the point how much their stock trades for. Everyone will just use whatever has or keeps the most public interest, whether that is Meta-owned or something else. The worrying aspect is that for Meta to really tank in value, the shit has to have already hit the fan, and it probably would not be isolated to Meta. My point in my prior comment was that Meta serves the purposes of the IC status quo just by doing what they’re already doing. Cloudflare too, in a way.
- vehemenz 1y agoEspecially when there are hours of public footage of the decision maker in question not sounding particular astute as a technical or strategic thinker.
- edmundsauto 1y agoHow does zuck’s net win-loss track record look to you?
- specialist 1y agoThe lottery.
- dartharva 1y agoDoesn't sound like "sometimes" in most cases
- ath3nd 1y agoAnd like VR? And like...LLAMa? Maybe also like adding ads in WhatsApp cause we gotta squeeze our users so we can spend on... AI gurus? Meta has not had a win since they named themselves Meta. It's enjoyable to watch them flail around like clueless morons jumping on every fad and wasting their time and money.
- Imustaskforhelp 1y agoIt makes me feel better / more comfortable with myself seeing what meta does. Almost being childish. Maybe this sounds selfish but its a little fun to me to see them lose. I just don't like meta and its privacy in sensitive ad network bullshit. Like the fact that if someone clicked a photo and deleted it then show them beauty ads because they are insecure. I can't give 2 cents about the growth of such a black mirror -esque company
- ath3nd 1y ago> I can't give 2 cents about the growth of such a black mirror -esque company I would donate my two cents or even more to witness their downfall though. I left WhatsApp years ago, and haven't used any of their other services like fb or Instagram. I don't want to contribute to a company that actively helped a couple of genocides (Myanmar), help elect a dictator or two (Philippines) and spread racist propaganda and, most recently, allowing women to be called 'personal objects'. Their tech is far from impressive, their products are far from impressive, the only impressive thing is that they are still in business.
- AngryData 1y agoYes, yes I do. How much practical experience does someone with billions of dollars have with the average person, the average employee, the average job, and the kind of skills and desires that normal people possess? How much does today's society and culture and technology resemble society even just 15 years ago? Being a billionaire allows them to put themselves into their own social and cultural bubble surrounded by sycophants.
- dizlexic 1y agoI think the use of "4d chess" was your downfall. I do however think that this is a business choice that at the very least was likely extensively discussed.
- specialist 1y agoZuck is fantastic at transferring wealth. Not so great at creating wealth.