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Peter Thiel to step down from Meta’s board
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Re: Peter Thiel to step down from Meta’s board
#32I realize this is a petty and inconsequential question, but does anyone else think that the Forbes estimate of $2.6bn is a little low for a guy that was a key early investor in Facebook and has multiple other holdings like Palantir? Is there a bunch of money Forbes isn’t counting or something?
Really rich people want to hide their wealth from the public as much as possible.
Slightly rich people want to exaggerate their wealth as much as possible.
Ultimately magazines like Forbes have very little real data to go off of, and so these lists all need to be taken with a huge grain of salt. If they were forced to put error bars on their projections people would see how worthless they really are.
Re: Peter Thiel to step down from Meta’s board
#33Quoted post unavailable.
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Re: Peter Thiel to step down from Meta’s board
#34Fun fact, Peter Thiel gave Vitalik Buterin a Thiel Fellowship to work on Ethereum. Let's count the wins Peter Thiel has had: - Paypal - Facebook - Palantir - Etherum - Took on deplorable Gawker
The guys behind Figma, Upstart, and Ocean Cleanup were also Thiel Fellowship recipients.
Re: Peter Thiel to step down from Meta’s board
#35How soon do people think we will see his candidacy for President? 2028 is my guess.
Re: Peter Thiel to step down from Meta’s board
#36Whatever happened to facebook in the span of 1 month that is so different than what was happening the past ~10 years? devaluation in multiple dimensions
Their pivot to Meta deeply reinforced the writing on the wall. And then their first ever report of a declining user count was the coup de grace. Come to think of it I need to verify that the user count did decline. I only heard that anecdotally.
- DAUs decreased -0.05% from 1,930m in Q3 22 to 1,929m in Q4 22. ("sequentially")
- DAUs increased +4.5% from 1,845m in Q4 21 to 1,929m in Q4 22. ("year over year")
- See pp18: https://s21.q4cdn.com/399680738/files/doc_financials/2021/q4...
DAUs are those using FB app only. Metric for those using all apps (Insta, Whatsapp, etc) increased.
Btw - there are ~4.66B internet users - and FB has 77% of those log into one of their apps a month (MAPs = 3.59b, pp11).
Re: Peter Thiel to step down from Meta’s board
#37This podcast "The Peter Thiel Paradox" [1] explained a lot about the mystery of Peter Thiel to me. Turns out that there is less than meets the eye but he does have a specific talent for manipulating the political systems and government coffers to enrich himself, much like Richard Branson, or so the British podcast claims. [1] https://www.lrb.co.uk/podcasts-and-videos/podcasts/the-lrb-p... One nitpick; Theil said "We…
Why do people with this much wealth want even more wealth for themselves? I've never understood this.
Perhaps part of getting 'this much wealth' is a desire for more, more, more that doesn't seem to be something they can turn off?
I have enjoyed seeing PG just sort of fade into the background of YC and enjoy his kids (his twitter feed). He seems to have done well by doing well and seems fairly satisfied with all of it.
Re: Peter Thiel to step down from Meta’s board
#38Re: Peter Thiel to step down from Meta’s board
#39Fun fact, Peter Thiel gave Vitalik Buterin a Thiel Fellowship to work on Ethereum. Let's count the wins Peter Thiel has had: - Paypal - Facebook - Palantir - Etherum - Took on deplorable Gawker
- Zero to One, arguably a must read book
- Popularized memetic theory
Re: Peter Thiel to step down from Meta’s board
#40[deleted]