3 ms·

Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest r

by uberman 4mo ago

Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest reorganization is a disaster. Their "all in" on virtual worlds was a disaster. Their billion dollar AI guru purchase was a disaster. Their influencer heavy connected glasses will be a disaster. There is no leadership here. However, you can be sure when the next round of layoffs happen, there will be no "mea culpa" from the C-Suite, lots of golden parachutes and the unemployed will be the cogs in their wheel.

code_lettuce 4mo ago
Fail fast and iterate. Wait no, not like that.
- ceejayoz 4mo ago
  "Move fast and break things!" "Oops, all broken."
dkarl 4mo ago
Wait until 10,000 manosphere influencers start selling personalize aura coaching to incels who share their glasses recordings. We'll start seeing those glasses on every lame-ass wannabro.
- stvltvs 4mo ago
  If so, they will become an obvious red flag sitting right on their faces, become cringe and stop selling.
  - dkarl 4mo ago
    If the manosphere stopped doing cringe, what would be left?
adammarples 4mo ago
The glasses, sadly, and unlike everything else, are incredibly popular and selling faster than they can make them
- klodolph 4mo ago
  Unfortunately they seem to be useful, if for no other reason than parents want to take picture of their children at a moment’s notice. AFAIK this is the killer app for these glasses.
  - miltonlost 4mo ago
    So many photos taken these days that are never going to be seen.
    - laweijfmvo 4mo ago
      if only there was a place to share them, and that place actually showed them to the people who indicated that they wanted to see them.
    - cucumber3732842 4mo ago
      Whatever AI the feds buy will see them.
      - timacles 4mo ago
        I feel like even that scenario is far-fetched. Was Computer cost so high any department trying to analyze data at this national scale is going to go bankrupt.
    - delecti 4mo ago
      I wonder if it's still a good thing to have taken the picture. There's something to be said for pausing and having the conscious thought "this is a nice moment". (though of course, moderation in all things)
  - jazzyjackson 4mo ago
torben-friis 4mo ago
Man I wish they would just chase fads. They chase the most morally corrupt version of a fad every time, it's like their business is black mirror episodes as a service.
DarkNova6 4mo ago
Sometimes I'm astonished how far they made it. But then again, they made their fortune by selling personal data to bad actors who manipulate opinions for polling and do all sorts of questionable dealings with it. And from there, they simply bought their competitors and maintained an extractive monopoly for people using social media for advertisement. It's pretty much impossible that anything organic or creative could be created by Facebook at this point.
- shimman 4mo ago
  They've only made it this far because they stumbled head first into a monopoly while also being lucky enough to own the platform their monopoly is on. Quite easy to subsidizes 100s of billions in complete vaporware when you can make it up with a single BU that generates 90% of your revenue.
let_rec 4mo ago
Let's not forget the cryptocurrency play (Libra)
deadbabe 4mo ago
Facebook (META) is the man in the arena. Truth is Zuckerberg doesn’t really like to succeed (and at this point he doesn’t even have to anymore, his family is set for life). He likes to struggle. It’s the only thing that gives that nostalgic feeling of being a scrappy startup trying to break into new markets. At the end of the days, his legacy will be a few big wins and a long history of stuff he tried and failed at. That’s not really much different from any regular person’s life. Nothing to be ashamed of. As long as Meta still prints money, expect them to chase every trend for the next 40+ years.
bwfan123 4mo ago
> There is no leadership here They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.
- mschuster91 4mo ago
  > It is a testament to their business model that it survives in spite of all this. The business model is pure moat. When the competition is bought up and new competition has it very hard to enter the market because your position is so utterly dominant, you don't need to innovate, you just milk everything you got to death, it's not like people have much of an alternative. The only threat Meta has is Tiktok, and if I were to guess, we'll see Tiktok end up in Meta in a few years. Forcing Bytedance to sell off Tiktok with only 19.9% remaining in BD's hands was a necessary move given the serious national security implications, but eventually Oracle, Silver Lake and the Emiratis will want their money back, and the "best" way for the grift to finally complete will be for everyone of these three to sell their stake to Meta before a new administration can bring in a new FTC leadership to prevent such a merger.
  - htrp 4mo ago
    they got tiktok wrapped up and sold to an american consortium.
    - mschuster91 4mo ago
      That's my point. That consortium wants to exit, and that rather sooner than later because it's highly likely that the grift is going to end with a new Democrat administration. The only ones who could serve as an exit liquidity provider are Meta.

by uberman 4mo ago

code_lettuce 4mo ago

Fail fast and iterate. Wait no, not like that.

ceejayoz 4mo ago
"Move fast and break things!" "Oops, all broken."

dkarl 4mo ago

Wait until 10,000 manosphere influencers start selling personalize aura coaching to incels who share their glasses recordings. We'll start seeing those glasses on every lame-ass wannabro.

stvltvs 4mo ago
If so, they will become an obvious red flag sitting right on their faces, become cringe and stop selling.
- dkarl 4mo ago
  If the manosphere stopped doing cringe, what would be left?

adammarples 4mo ago

The glasses, sadly, and unlike everything else, are incredibly popular and selling faster than they can make them

klodolph 4mo ago
Unfortunately they seem to be useful, if for no other reason than parents want to take picture of their children at a moment’s notice. AFAIK this is the killer app for these glasses.
- miltonlost 4mo ago
  So many photos taken these days that are never going to be seen.
  - laweijfmvo 4mo ago
    if only there was a place to share them, and that place actually showed them to the people who indicated that they wanted to see them.
  - cucumber3732842 4mo ago
    Whatever AI the feds buy will see them.
    - timacles 4mo ago
      I feel like even that scenario is far-fetched. Was Computer cost so high any department trying to analyze data at this national scale is going to go bankrupt.
  - delecti 4mo ago
    I wonder if it's still a good thing to have taken the picture. There's something to be said for pausing and having the conscious thought "this is a nice moment". (though of course, moderation in all things)
- jazzyjackson 4mo ago

torben-friis 4mo ago

Man I wish they would just chase fads. They chase the most morally corrupt version of a fad every time, it's like their business is black mirror episodes as a service.

DarkNova6 4mo ago

Sometimes I'm astonished how far they made it. But then again, they made their fortune by selling personal data to bad actors who manipulate opinions for polling and do all sorts of questionable dealings with it. And from there, they simply bought their competitors and maintained an extractive monopoly for people using social media for advertisement. It's pretty much impossible that anything organic or creative could be created by Facebook at this point.

shimman 4mo ago
They've only made it this far because they stumbled head first into a monopoly while also being lucky enough to own the platform their monopoly is on. Quite easy to subsidizes 100s of billions in complete vaporware when you can make it up with a single BU that generates 90% of your revenue.

let_rec 4mo ago

Let's not forget the cryptocurrency play (Libra)

deadbabe 4mo ago

Facebook (META) is the man in the arena. Truth is Zuckerberg doesn’t really like to succeed (and at this point he doesn’t even have to anymore, his family is set for life). He likes to struggle. It’s the only thing that gives that nostalgic feeling of being a scrappy startup trying to break into new markets. At the end of the days, his legacy will be a few big wins and a long history of stuff he tried and failed at. That’s not really much different from any regular person’s life. Nothing to be ashamed of. As long as Meta still prints money, expect them to chase every trend for the next 40+ years.

bwfan123 4mo ago

> There is no leadership here They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.

mschuster91 4mo ago
> It is a testament to their business model that it survives in spite of all this. The business model is pure moat. When the competition is bought up and new competition has it very hard to enter the market because your position is so utterly dominant, you don't need to innovate, you just milk everything you got to death, it's not like people have much of an alternative. The only threat Meta has is Tiktok, and if I were to guess, we'll see Tiktok end up in Meta in a few years. Forcing Bytedance to sell off Tiktok with only 19.9% remaining in BD's hands was a necessary move given the serious national security implications, but eventually Oracle, Silver Lake and the Emiratis will want their money back, and the "best" way for the grift to finally complete will be for everyone of these three to sell their stake to Meta before a new administration can bring in a new FTC leadership to prevent such a merger.
- htrp 4mo ago
  they got tiktok wrapped up and sold to an american consortium.
  - mschuster91 4mo ago
    That's my point. That consortium wants to exit, and that rather sooner than later because it's highly likely that the grift is going to end with a new Democrat administration. The only ones who could serve as an exit liquidity provider are Meta.