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Mark Zuckerberg directed Meta to create a prediction markets app

nytimes.com

111–120 of 161 posts

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

#111
post #106

Earlier quoted context omitted.

all he needs to do is put a competent CEO

Agreed that Zuck is not very impressive, but what would another CEO do differently at this point? It's got a ton of money, and they are trying this and that. But the market wouldn't let them sit on a bunch of money either.

1. Rename the company to "Facebook"

2. Spin out the other garbage into different companies.

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

#112

Zuck simply cannot come to terms with the fact that his legacy is having built the world greatest ad platform.

Maybe he should start a launch company with the stated goal of sending humans to Uranus or wherever it is he's from.

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

#113

Earlier quoted context omitted.

The glasses, sadly, and unlike everything else, are incredibly popular and selling faster than they can make them

Unfortunately they seem to be useful, if for no other reason than parents want to take picture of their children at a moment’s notice. AFAIK this is the killer app for these glasses.

So many photos taken these days that are never going to be seen.

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

#114
People forget that Meta already did this years ago, before prediction markets became the next big consumer trend for them to chase.

The app was called Forecast, and launched in June 2020. (Around the same time that Kalshi and Polymarket launched, actually!) It was framed as a way to make the comments and activity on Facebook actually productive rather than toxic, and build expert reputation signaling mechanisms.

I think they sunset it after about a year.

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

#115
post #87

Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest reorganization is a disaster. Their "all in" on virtual worlds was a disaster. Their billion dollar AI guru purchase was a disaster. Their influencer heavy connected glasses will be a disaster. There is no leadership here. However, you can be sure when the next…

Let's not forget the cryptocurrency play (Libra)

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

#116
post #87

Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest reorganization is a disaster. Their "all in" on virtual worlds was a disaster. Their billion dollar AI guru purchase was a disaster. Their influencer heavy connected glasses will be a disaster. There is no leadership here. However, you can be sure when the next…

The glasses, sadly, and unlike everything else, are incredibly popular and selling faster than they can make them

The glasses are a great way to make content, for better or worse. I’ve only really seen the worse side of it on my feed.

However, this is temporary. When people have seen enough fpv content it will stop getting engagement and the glasses will be forgotten.

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

#117
post #87

Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest reorganization is a disaster. Their "all in" on virtual worlds was a disaster. Their billion dollar AI guru purchase was a disaster. Their influencer heavy connected glasses will be a disaster. There is no leadership here. However, you can be sure when the next…

Fail fast and iterate. Wait no, not like that.

"Move fast and break things!"

"Oops, all broken."

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

#118
post #87

Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest reorganization is a disaster. Their "all in" on virtual worlds was a disaster. Their billion dollar AI guru purchase was a disaster. Their influencer heavy connected glasses will be a disaster. There is no leadership here. However, you can be sure when the next…

Facebook (META) is the man in the arena.

Truth is Zuckerberg doesn’t really like to succeed (and at this point he doesn’t even have to anymore, his family is set for life). He likes to struggle. It’s the only thing that gives that nostalgic feeling of being a scrappy startup trying to break into new markets.

At the end of the days, his legacy will be a few big wins and a long history of stuff he tried and failed at. That’s not really much different from any regular person’s life. Nothing to be ashamed of. As long as Meta still prints money, expect them to chase every trend for the next 40+ years.

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

#119
post #91

Smartphone Dating Cryptocurrency AR/VR AI Gambling This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.

> rather than being content with his billions, will forever chase that high pursuing the latest fad

He is content with his billions. That is why he can piss it away on stupid ideas now.

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

#120
post #91

Smartphone Dating Cryptocurrency AR/VR AI Gambling This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.

But wait, there’s more! Mark is also a big Dana White fan so now you also have Meta AI UFC Fighter Rankings

https://www.mmamania.com/ufc-mma-rankings/452601/ufc-finally...

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