5 ms·

A large social network called Facebook.

by oscilloscope 14y ago

MikeAmelung 14y ago
Still $11 below IPO. So much wealth!
- mseebach 14y ago
  $27.71 above foundation. Yes, that's a lot of wealth.
- jwoah12 14y ago
  Did you really just set the IPO price as your baseline for wealth? I have news for you, the IPO wasn't 0, it was $104bil. Still quite a bit of wealth.
jhuni 14y ago
1) Myspace provided a large social network with free web hosting and some PHP doodads before Facebook did. Did Mark Zuckerberg create anything new? 2) Facebook is a weapon deployed against the integrity of human personality. Does facebook quality as wealth considering that it is a destructive force?
- oscilloscope 14y ago
  I found Facebook useful for finding my roommates and classmates during college. They took away the classmate finding feature, but then it became more accessible and my grandparents could use it. I just used it a moment ago to get my cousin's birthday. That's a lot of value to me. When I share something there, it has the broadest reach of real-world friends on any social network, but that's my personal experience. Facebook is not a weapon. It's a product, definitely, and a medium to some degree. A corporate and focused vision of the internet, sure. A weapon? No.
  - jhuni 14y ago
    Whenever a photo is shared through Facebook it is run through facial recognition software and the results are sent to every police agency that is interested. We know that policy agencies have picked people up on information attained in this way. Some of the worlds police agencies are evil. Whenever you use Facebook to share photos or some other personal information you are equipping potentially evil police agencies with a potent weapon that can be used against you and your friends.
    - oscilloscope 14y ago
      Wouldn't they get that information anyways by tapping my phone or internet connection? The NSA probably has my known IP addresses linked together, who knows. I've not experienced Facebook used as a form of oppression against me and my friends. If I did, I would immediately alert them... on Facebook.
- nikcub 14y ago
  The value Zuck created has nothing to do with PHP or MySpace, it is the billion people who check Facebook each month and spend tens of billions of hours on the site. The value is provided to the network of users and to advertisers who want to reach that audience. The market shifted from radio, newspaper and television to web advertising. 20 years ago the $500M that Zuck donated would have otherwise went to an aristocratic media owning family empire. I prefer it going to somebody who has created new value and who will be putting the money to better use. Simply spending and gifting the money is a better use than hoarding it and establishing a genetic dynasty. The argument about Facebook being a weapon against human development and integrity is the same argument that luddites (and the Amish) made against radio, television, the telephone and many other new inventions. 95% of the people that I know in my life, and 100% of the career moves I have made in my life were through people that I met online. The difference is that I was technical enough to know how to use IRC, how to use early blogs, etc. Facebook is simple and accessible, and allows the other 99% of the world population to take advantage of the same networking technology to enhance their lives.
- jsmeaton 14y ago
  You might consider Facebook as a weapon and a destructive force, but don't state it as a fact. As far as streaming facial recognition data to various agencies - source? Do they comply with various legal orders? Most definitely. Do they send all of their data to police agencies? I highly doubt it.

A large social network called Facebook.

MikeAmelung 14y ago

Still $11 below IPO. So much wealth!

mseebach 14y ago
$27.71 above foundation. Yes, that's a lot of wealth.
jwoah12 14y ago
Did you really just set the IPO price as your baseline for wealth? I have news for you, the IPO wasn't 0, it was $104bil. Still quite a bit of wealth.

jhuni 14y ago

1) Myspace provided a large social network with free web hosting and some PHP doodads before Facebook did. Did Mark Zuckerberg create anything new? 2) Facebook is a weapon deployed against the integrity of human personality. Does facebook quality as wealth considering that it is a destructive force?

oscilloscope 14y ago
I found Facebook useful for finding my roommates and classmates during college. They took away the classmate finding feature, but then it became more accessible and my grandparents could use it. I just used it a moment ago to get my cousin's birthday. That's a lot of value to me. When I share something there, it has the broadest reach of real-world friends on any social network, but that's my personal experience. Facebook is not a weapon. It's a product, definitely, and a medium to some degree. A corporate and focused vision of the internet, sure. A weapon? No.
- jhuni 14y ago
  Whenever a photo is shared through Facebook it is run through facial recognition software and the results are sent to every police agency that is interested. We know that policy agencies have picked people up on information attained in this way. Some of the worlds police agencies are evil. Whenever you use Facebook to share photos or some other personal information you are equipping potentially evil police agencies with a potent weapon that can be used against you and your friends.
  - oscilloscope 14y ago
    Wouldn't they get that information anyways by tapping my phone or internet connection? The NSA probably has my known IP addresses linked together, who knows. I've not experienced Facebook used as a form of oppression against me and my friends. If I did, I would immediately alert them... on Facebook.
nikcub 14y ago
The value Zuck created has nothing to do with PHP or MySpace, it is the billion people who check Facebook each month and spend tens of billions of hours on the site. The value is provided to the network of users and to advertisers who want to reach that audience. The market shifted from radio, newspaper and television to web advertising. 20 years ago the $500M that Zuck donated would have otherwise went to an aristocratic media owning family empire. I prefer it going to somebody who has created new value and who will be putting the money to better use. Simply spending and gifting the money is a better use than hoarding it and establishing a genetic dynasty. The argument about Facebook being a weapon against human development and integrity is the same argument that luddites (and the Amish) made against radio, television, the telephone and many other new inventions. 95% of the people that I know in my life, and 100% of the career moves I have made in my life were through people that I met online. The difference is that I was technical enough to know how to use IRC, how to use early blogs, etc. Facebook is simple and accessible, and allows the other 99% of the world population to take advantage of the same networking technology to enhance their lives.
jsmeaton 14y ago
You might consider Facebook as a weapon and a destructive force, but don't state it as a fact. As far as streaming facial recognition data to various agencies - source? Do they comply with various legal orders? Most definitely. Do they send all of their data to police agencies? I highly doubt it.