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Mark Zuckerberg directed Meta to create a prediction markets app

nytimes.com

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Re: Mark Zuckerberg directed Meta to create a prediction markets app

#51

Post by darth_avocado »

dgellow wrote: post #23
darth_avocado wrote: post #22

Earlier quoted context omitted.

Zuckerberg could’ve made a YouTube competitor or a Netflix competitor given that he already has a platform for video sharing and an ads infrastructure. But I guess the guys at the top are so smart that they don’t bother themselves when copying ideas to actually copy something that makes sense.

Youtube isn't really known to be highly profitable. I'm also not sure people would go to a Facebook YouTube when the normal YouTube exists

Brother, YouTube is quite literally a money printing machine. I don’t know where you’re getting information from.

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#52

Post by dgellow »

darth_avocado wrote: post #51
dgellow wrote: post #23

Earlier quoted context omitted.

Youtube isn't really known to be highly profitable. I'm also not sure people would go to a Facebook YouTube when the normal YouTube exists

Brother, YouTube is quite literally a money printing machine. I don’t know where you’re getting information from.

YouTube has a lot of revenue, profit isn't known as far as I'm aware. Alphabet doesn't report YouTube earnings separately, and when they were still sharing that information it was a pretty large amount of losses IIRC. But if you have sources I'm happy to change my mind

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#53

Post by fragmede »

etothet wrote: post #26

I'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.

In what way has he claimed special expertise to deceive others for financial gain, as befitting the word charlatan? He is the CEO of Facebook and we're told to not like Facebook, but when has he claimed special expertise to deceive others for financial gain? He's one of the richest people in the world and has been using that money to do things he wants to do. I don't think he's ever claimed to eg be a PhD AI researcher and for people to give him money because of a made up claim like that. People give Facebook money and it ends up in his pockets and he does things with that.

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#54

Post by tmule »

glimshe wrote: post #27
etothet wrote: post #26

I'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.

Your impression about his intelligence is way off. Mark was part of the study for mathematically precocious youth, which has a math cutoff at the 1/10K rarity. He also has ambition at the same level. What’s probably missing, of late, is good taste and judgment.

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#56

Post by goosejuice »

rapsey wrote: post #43
alberth wrote: post #37

Earlier quoted context omitted.

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…

> Social networks didn't really exist before The Facebook Social networks were all the rage. He executed the best of all and had the right strategy to build the user base.

He was also a wealthy kid with connections. People place far too much weight on execution. Most of it is being in the right place at the right time and having existing connections.

https://www.thecrimson.com/article/2003/11/19/facemash-creat...

https://www.businessinsider.com/how-mark-zuckerberg-hacked-i...

Not what I'd call great execution anyways.

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#57

Post by dang »

etothet wrote: post #26

I'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.

Please don't post personal attacks to HN, regardless of $Person.

A comment like this does not gratify curiosity, only indignation, and we're here for the former not the latter.

https://news.ycombinator.com/newsguidelines.html

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#59

Post by leosanchez »

seydor wrote: post #58

They even call it "Arena". The place where gladiators kill each other, lions eat christans , criminals are exectuted brutally and animals are hunted. What an apt name chosen by the most moral company of our times.

> lions eat christans

Could you explain this bit ?

Re: Mark Zuckerberg directed Meta to create a prediction markets app

#60

Post by karmakurtisaani »

blahblaher wrote: post #45
alberth wrote: post #37

Earlier quoted context omitted.

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…

That's not true though. Social network sites existed, just not so "centralized" and "viral". Facebook created a simple and more user-friendly interface. WhatsApp as it understand, does not make much if any money. Instagram is a cash cow due. They have released some good open source technology, but as the OP said, Meta hasn't much going for it apart from addictive apps for showing ads

They also had the right audience to build the early adopters: top university students.
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