So many baby boomers are about to lose their savings. Meta knows their bread is buttered by the 55+ age group and capitalizing on the vulnerable social media addicted elders will be extremely profitable.
Mark Zuckerberg directed Meta to create a prediction markets app
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Re: Mark Zuckerberg directed Meta to create a prediction markets app
#32I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
I've never seen him saying anything particularly smart or insightful. My impression is that he has moderately above average intelligence and entrepreneurship. If he wasn't at the right place at the right time, he would be yet another founder of a random startup.
I've never seen him say or do anything particularly human. If I believed in such things, I'd think he was some kind of souless drone sent here by aliens/demons/etc to destroy humanity.
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#33I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
I dunno he made a few very wise purchases (Instagram, WhatsApp). But yeah he hasn't had a single first party hit apart from Facebook, and the Metaverse is 100% emperor's new clothes. Even worse than Alexa's "people will buy things through a janky voice interface right"?
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#34Whatever happened to that Facebook cryptocurrency?
Never launched, given to org that dissolved, sold to bank that is now shut down.
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#35I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
Thought the same thing even before I saw your comment!
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#36I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
This is basically the case with most of the tech billionaires. They have one, maybe two real successes and it's mostly inertia after that.
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#37I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
While I know criticizing Meta is popular, I'm not sure I'd agree with above.
Social networks didn't really exist before The Facebook. Understanding the potential market that could be created and turning down a $1B acquisition from Yahoo 20-years ago, at the time, seemed insane.
Also making the shift to mobile, when people thought that would be the death of FB is a remarkable story.
Identifying to acquire WhatsApp & Instagram, both laughed at when bought for the acquisition price at that time, now massive businesses for Meta (and their market cap value).
Meta AI glasses are surprisingly popular and growing. And more...
Note: I have no affiliation with Meta (not now or in the past)
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EDIT: Many people I see underestimate what it takes to build a business. It is the classic “I could have built that in a weekend” critique. Maybe, but the product is only like 10% of the problem. 90% of the work (and hard part) is execution.
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#38Holy mimic batman - Mark, its ok to have a little of your own innovation and not copycat nor buy every single good idea.
> not copycat nor buy every single good idea. I don’t know if I’ll call Kalshi and Polymarket “good ideas”.
I bet (pun intended) that's pretty good for the owners pockets
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#39I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
He built a hell of a machine for buying political/cultural influence or filling your sales funnel, no matter the dubiousness of your product, with pinpoint precision. Doing that takes vision and talent, and extremely flexible ethics.
Re: Mark Zuckerberg directed Meta to create a prediction markets app
#40I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
While I know criticizing Meta is popular, I'm not sure I'd agree with above. Social networks didn't really exist before The Facebook. Understanding the potential market that could be created and turning down a $1B acquisition from Yahoo 20-years ago, at the time, seemed insane. Also making the shift to mobile, when people thought that would be the death of FB is a remarkable story. Identifying to acquire WhatsApp & I…
Insane how? Google had already done it, and it's pretty clear that if someone wants to buy for $1B, it might be worth more than $1B.