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It doesn't ensure they stay relevant but it's a better strategy than watching your target demographic leave your platform. It's a $19B investment in trying to
by jmathai 13y ago
It doesn't ensure they stay relevant but it's a better strategy than watching your target demographic leave your platform.
It's a $19B investment in trying to keep people on Facebook. $20B if paired with Instagram and $24B if they had acquired SnapChat.
The numbers sound crazy but they're trying to hold on to and grow a market cap that's currently $175B.
Zuck has some steel nuts but it's what got him to the $175B number in the first place.
- nousernamesleft 13y ago>It doesn't ensure they stay relevant but it's a better strategy than watching your target demographic leave your platform. I don't see any evidence to support that claim. It is a different strategy, but I don't see any indication that it is better. Flushing a few billion dollars down the toilet is a different strategy too, but that doesn't make it better.