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The new Yahoo? Facebook should heed the lessons of internet history

economist.com

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Re: The new Yahoo? Facebook should heed the lessons of internet history

#2
> A senior marketer for a large American bank says Facebook has made mistakes on measuring engagement, reach, views and other data for no fewer than 43 products. All of the mistakes, he notes, worked in the social-networking giant’s favour. “If these were true errors, wouldn’t you expect at least half to benefit marketers?” he asks. He expects to reduce how much his firm spends on Facebook and predicts that other marketers will as well next year.

I chuckle at how repeatedly human nature leads to surprise when “our son of a bitch” [1] turns out to be its own son of a bitch.

[1] https://en.m.wikipedia.org/wiki/Anastasio_Somoza_Garc%C3%ADa

Re: The new Yahoo? Facebook should heed the lessons of internet history

#3

> A senior marketer for a large American bank says Facebook has made mistakes on measuring engagement, reach, views and other data for no fewer than 43 products. All of the mistakes, he notes, worked in the social-networking giant’s favour. “If these were true errors, wouldn’t you expect at least half to benefit marketers?” he asks. He expects to reduce how much his firm spends on Facebook and predicts that other mar…

This is like bank errors, which always seem to be in favor of the bank...

Re: The new Yahoo? Facebook should heed the lessons of internet history

#4

> A senior marketer for a large American bank says Facebook has made mistakes on measuring engagement, reach, views and other data for no fewer than 43 products. All of the mistakes, he notes, worked in the social-networking giant’s favour. “If these were true errors, wouldn’t you expect at least half to benefit marketers?” he asks. He expects to reduce how much his firm spends on Facebook and predicts that other mar…

Growth, Hack

Re: The new Yahoo? Facebook should heed the lessons of internet history

#5

> A senior marketer for a large American bank says Facebook has made mistakes on measuring engagement, reach, views and other data for no fewer than 43 products. All of the mistakes, he notes, worked in the social-networking giant’s favour. “If these were true errors, wouldn’t you expect at least half to benefit marketers?” he asks. He expects to reduce how much his firm spends on Facebook and predicts that other mar…

This is like bank errors, which always seem to be in favor of the bank...

Banks that make errors in customer favor go out of business.

Re: The new Yahoo? Facebook should heed the lessons of internet history

#7
There is obviously in human nature to communicate with others, and share whatever they think is good, while maintaining a certain level of privacy. In real life, this is already happening and it works.

However, this must not be captured by an entity who's sole target is profit, neither a state owned entity. Both will hamper the communication at some point, either by manipulating or censoring information.

My only hope is that a benevolent AI will coordinate this, having prime directives not to harm humans ( by the means of interfering with the communication ).

EDIT: some typos, and also mentioning that the affirmations from above should be read in the perspective of Facebook disappearing/dying and being replaced by something else.

Re: The new Yahoo? Facebook should heed the lessons of internet history

#8
From reading some of the stuff Yahoo put out back in their prime. I always got the sense that they thought they would never fall and were maybe a bit invincible.

I think Zuckerberg and Facebook in general, are very aware that Facebook is on the decline, they need to diversify. That's why they bought Instagram and used it to flight Snap. That's why they spent such an insane amount on WhatsApp.

Zuckerberg knows they need to create or acquire the next big thing to make it in the long term. At least, that's what it seems like to me. I have a feeling they aren't going anywhere soon because of this.

Re: The new Yahoo? Facebook should heed the lessons of internet history

#10

> A senior marketer for a large American bank says Facebook has made mistakes on measuring engagement, reach, views and other data for no fewer than 43 products. All of the mistakes, he notes, worked in the social-networking giant’s favour. “If these were true errors, wouldn’t you expect at least half to benefit marketers?” he asks. He expects to reduce how much his firm spends on Facebook and predicts that other mar…

This is like bank errors, which always seem to be in favor of the bank...

Probably more that people will complain more if the bank error isn't in their favour.
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