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When Zuckerberg Asserted Control, Instagram’s Founders Chafed

nytimes.com

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Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#101

Post by joycian »

40acres wrote: post #20

I'm not sure that Facebook using Instagram as a way to funnel people back to Facebook is a great strategy. Companies need to be willing to cannibalize themselves or someone will do it for them. I don't know if Zuck had the foresight at the time, but Instagram has obviously been an amazing hedge against apps like Snapchat. People like Instagram and Snapchat partly because they are less formal than Facebook, most users…

> my girlfriend is always shocked (and a bit annoyed) when I tell her.

I think it is remarkable that this experiment was repeatable.

Zuckerberg has hit upon an amazing strategy in a world where almost no one cares where the money goes: when a platform is dying, buy a new one relatively quietly, ferry customers over to the new platform. Rinse, repeat.

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#103

Post by ddingus »

ImprovedSilence wrote: post #94
quickthrower2 wrote: post #46

Earlier quoted context omitted.

Anyone with say ~$2M (give or take a magnitude) could easily say no to more money and be pretty happy, but humans being what they are...

Hell no, are you crazy! The average Joe needs at least 2.5-3M to retire by 65, let alone 20s or 30s. That number needs upped an order of magnitude. And I'm sure there's plenty of people that would say my number needs upped an order of magnitude too.

That all depends on expectations. With just one, I would be set.

No worries.

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#104

Post by eksemplar »

jjeaff wrote: post #81
eksemplar wrote: post #78

Earlier quoted context omitted.

I saw some usage data in a quartz article, that I can’t find, earlier this week. Facebook was the most popular social media platform across teenagers, millennials, generation x and baby boomers. The real interesting data was in teenagers though, their most popular platform is Snapchat, but none of the platforms had managed to make more than 40% of teenagers create an account with them. I think this is interesting bec…

I'm guessing that data was based on simply having an account? Because I feel like teenagers all have a Facebook account, but few actually use it with any frequency.

It was, twitter, Instagram and Facebook were lower than 30% and Snapchat was around 40%. For teenagers.

For millennials Facebook was above 80% with Instagram and Snapchat sitting above 60% and twitter somewhat lower.

I mean, having an account isn’t as interesting than usage, but when less than 30% of teenagers have an account, they probably aren’t using it a whole lot.

I wonder where they went though, the article didn’t say anything about that. Discord maybe?

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#105

Post by eksemplar »

tsenkov wrote: post #84
eksemplar wrote: post #78

Earlier quoted context omitted.

I saw some usage data in a quartz article, that I can’t find, earlier this week. Facebook was the most popular social media platform across teenagers, millennials, generation x and baby boomers. The real interesting data was in teenagers though, their most popular platform is Snapchat, but none of the platforms had managed to make more than 40% of teenagers create an account with them. I think this is interesting bec…

> I think this is interesting because it shows that Facebook isn’t really sucking that much worse than Instagram and that Instagram isn’t going to save Facebook on its own. I think this is a stellar observation. Fb, right now, is only a dominant force for users of age 30+ and the battle for the next generation(s) is just starting out. Instagram does show the most significant growth but isn't a clear winner, yet.

FB is a dominant force for millennials and up, but Instagram is also really strong in the millennial group.

What was interesting was that none of the existing social networks had much of a presence with teenagers. I mean, if you’ve gotten less than 30% of teens to even create an account, are you even in the run?

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#106

Post by nojvek »

40acres wrote: post #20

I'm not sure that Facebook using Instagram as a way to funnel people back to Facebook is a great strategy. Companies need to be willing to cannibalize themselves or someone will do it for them. I don't know if Zuck had the foresight at the time, but Instagram has obviously been an amazing hedge against apps like Snapchat. People like Instagram and Snapchat partly because they are less formal than Facebook, most users…

Facebook is Zuck’s baby. He has spent years working day and night to build it. Instagram and WhatsApp are the adopted children. Children that would otherwise eat his baby’s lunch.

Ceding to instagram would mean to acknowledge that Facebook has failed. Their stock ticker says FB. The hordes of employees working 100 hour weeks with million dollar RSUs would feel like the Facebook isn’t king anymore. They can’t be drunk on the kool-aid anymore?

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#107

Post by _pmf_ »

nojvek wrote: post #106
40acres wrote: post #20

I'm not sure that Facebook using Instagram as a way to funnel people back to Facebook is a great strategy. Companies need to be willing to cannibalize themselves or someone will do it for them. I don't know if Zuck had the foresight at the time, but Instagram has obviously been an amazing hedge against apps like Snapchat. People like Instagram and Snapchat partly because they are less formal than Facebook, most users…

Facebook is Zuck’s baby. He has spent years working day and night to build it. Instagram and WhatsApp are the adopted children. Children that would otherwise eat his baby’s lunch. Ceding to instagram would mean to acknowledge that Facebook has failed. Their stock ticker says FB. The hordes of employees working 100 hour weeks with million dollar RSUs would feel like the Facebook isn’t king anymore. They can’t be drunk…

Agreed. That's something they'll have to learn. Media empires have no problem presenting a different face and pushing different political views via different outlets. Full assimilation of the Instagram brand has negligible benefits and severe risks.

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#108

Post by rokhayakebe »

rconti wrote: post #93
relyio wrote: post #90

Earlier quoted context omitted.

>'m not sure that Facebook using Instagram as a way to funnel people back to Facebook is a great strategy It's a stupid strategy. All my friends (early 20s) are hardly active on Facebook, if at all and instead prefer the likes of Instagram and Snapchat for a simple reason: you can actually share your life with your friends and see theirs. Speaking for myself, I hardly care about my Facebook account. My feed is plaste…

This comment seems to be all about your network. Just because your network on IG is different from your network on FB doesn't mean that the platform is fundamentally different. I'm ~15 years older than you, and was in college when FB came out. Hence, almost all of my friend are on FB. On FB, I regularly see photo albums and status updates. I enjoy IG, but I see just as many obnoxious posts with 20 lines of . . . . .…

https://instazood.com/how-to-hide-hashtags-on-instagram/

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#109

Post by hrktb »

aetherson wrote: post #66
hrktb wrote: post #61

Earlier quoted context omitted.

They cannibalized their Mac Pro to the point it was going to disappear. I genuinely think Apple cares more about competition and middle/long term revenue than artificially keeping alive high margin products.

That'd be more convincing if they had any really dynamic, powerful product lines within Mac. Given how many Mac skus are in danger of disappearing, it looks a lot more like neglect for a company that makes like 95% of its revenue through iOS and basically keeps Macs alive as a dev tool for iOS.

Isn't that part of the cannibalisation ? For instance their push for the iPad Pro killed a lot of their own desktop sales I think.

It's often overlooked because the iPad is not squarely a desktop replacement, and compared to the iPhone it's small potatoes. But it still sells a ton more than the Mac.

Re: When Zuckerberg Asserted Control, Instagram’s Founders Chafed

#110

Post by quickthrower2 »

ImprovedSilence wrote: post #94
quickthrower2 wrote: post #46

Earlier quoted context omitted.

Anyone with say ~$2M (give or take a magnitude) could easily say no to more money and be pretty happy, but humans being what they are...

Hell no, are you crazy! The average Joe needs at least 2.5-3M to retire by 65, let alone 20s or 30s. That number needs upped an order of magnitude. And I'm sure there's plenty of people that would say my number needs upped an order of magnitude too.

Notice I said 'pretty happy', not retire :-)

But if frugal enough why not, should be doable. Assuming no foreign travel etc. yada yada

Live somewhere cheap.

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