Zuckerberg’s Jealousy Held Back Instagram and Drove Off Founders • Hacker News Board

Re: Zuckerberg’s Jealousy Held Back Instagram and Drove Off Founders

#41

Post by idrios » Thu, Apr 09, 2020, 1:37 AM UTC

qnt wrote: post #38

idrios wrote: post #37

Earlier quoted context omitted.

Additional friendly reminder that Bloomberg sees Facebook as the biggest threat to its existence and is extremely motivated to report negatively about them

How do you reason this? The overlap of the two businesses is likely counted in single digit percentages of revenue.

Because Facebook's news feed cuts out news outlets as middlemen. Though now Reddit, Instagram, LinkedIn and a number of other sites do too so it was pretty inevitable, but Facebook started the trend and before that the only way to get news was pretty much just through major media outlets that you paid for like newspapers or tv news.

Sorry that I don't have numbers

Re: Zuckerberg’s Jealousy Held Back Instagram and Drove Off Founders

#42

Post by lidHanteyk » Thu, Apr 09, 2020, 2:31 AM UTC

jonplackett wrote: post #14

As John Gruber writes after every single link to Bloomberg: * Bloomberg, of course, is the publication that published “The Big Hack” in October 2018 — a sensational story alleging that data centers of Apple, Amazon, and dozens of other companies were compromised by China’s intelligence services. The story presented no confirmable evidence at all, was vehemently denied by all companies involved, has not been confirmed…

Go Bayesian. With every passing month/year, multiply your expectation that the story is true by a fixed decay factor between 0 and 1; this simulates the exponential distribution. But also be sure to update how surprised you will be, if the story does ever corroborate!

Re: Zuckerberg’s Jealousy Held Back Instagram and Drove Off Founders

#43

Post by qnt » Thu, Apr 09, 2020, 2:32 AM UTC

idrios wrote: post #41

qnt wrote: post #38

Earlier quoted context omitted.

How do you reason this? The overlap of the two businesses is likely counted in single digit percentages of revenue.

Because Facebook's news feed cuts out news outlets as middlemen. Though now Reddit, Instagram, LinkedIn and a number of other sites do too so it was pretty inevitable, but Facebook started the trend and before that the only way to get news was pretty much just through major media outlets that you paid for like newspapers or tv news. Sorry that I don't have numbers

Right, but Bloomberg doesn't make (meaningful) money from showing news to a wide audience. Bloomberg is somewhat unique among news providers in that _news is the advert_ for the company.

They sell a software terminal at about $20k/yr subscription, and there are > 325,000 paying subscribers. It's nearly an essential tool in finance. https://en.wikipedia.org/wiki/Bloomberg_Terminal.

It's pretty neat, there's some really interesting tech and history involved but it's all hidden away in a very insulated industry.

Re: Zuckerberg’s Jealousy Held Back Instagram and Drove Off Founders

#44

Post by CamperBob2 » Thu, Apr 09, 2020, 3:50 AM UTC

coolandsmartrr wrote: post #39

jonplackett wrote: post #14

As John Gruber writes after every single link to Bloomberg: * Bloomberg, of course, is the publication that published “The Big Hack” in October 2018 — a sensational story alleging that data centers of Apple, Amazon, and dozens of other companies were compromised by China’s intelligence services. The story presented no confirmable evidence at all, was vehemently denied by all companies involved, has not been confirmed…

I'm not sure if the integrity of this article - an excerpt from an upcoming book by another editorial team - was affected by Bloomberg's previous editorial actions.

A news source has literally nothing to sell except credibility.

Although as qnt points out, this particular one sells terminal access. So I guess they can go ahead and throw the credibility thing overboard, and still do OK.