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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

#131

Post by jazzyjackson »

klodolph wrote: post #97
adammarples wrote: post #94

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.

They’re really very poor at this, the cameras are about what you’d get in a flip phone and are cropped vertical. I was expecting GoPro quality of capture but it’s a very limited field of view left to right and soft focus.

And that’s besides the point of psychological outcomes for the child of a parent always intermediating eye contact with eye-of-meta contact, like it’s one thing to be out in public and see someone who might be streaming, but growing up with the expectation that any action, any expression you give in a parents direction may be captured and played back? Awful.

Maybe for the dozens of people who are actually recording their feats of extreme sports the new oakleys are a good product market fit.

OTOH the audio experience was surprisingly good and if they made a pair without cameras I would buy them.

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

#132

Post by jerojero »

its not very expensive for a company like Meta to create a platform like this that could see them extract value as a middleman passively for a while.

despite the ethics of it, business wise it pays for itself, and because of the complicated ethics of it Meta is the best biggest company for it too. Everyone hates meta, their own employees hate meta, who cares. It will probably make money.

not only that, but I think when a big platform comes into play it gets users from the other platforms easily. As the opportunities for market mismatch are abound being a smaller platform in the beginning.

anyway, I think this is a smart move by Meta. And I'm positive everyone in the gambling space is happy with it too, as Meta comes with a good lobbying effort.

this is reality, folks.

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

#133

Post by jazzyjackson »

4lx87 wrote: post #128
paxys wrote: 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.

The fact that someone has billions of dollars and still chooses to spend 40-60 hours/week going to the office to work on Facebook seems psychotic. He can do practically anything he wants, and he chooses to work on Facebook. It’s mind bending.

At that level it’s not the luxury hotels and fresh mangoes flown in from Miami that appeals, but the influence to effect outcomes on a global scale. Megalomaniacal more than psychotic.

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

#134

Post by bwfan123 »

uberman wrote: 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…

> There is no leadership here

They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.

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

#135

Post by win311fwg »

footy wrote: post #127
wiseowise wrote: post #105

Earlier quoted context omitted.

He has already finished the game and just explores the side quests. He is more than content, he’s way more content than the rest of us.

he is richer than any of us, but he doesn't strike me as someone who is even remotely content. Those two things are not the same thing.

The parent seems to mean that he is content financially, which is why he can now play around with whatever he feels like and if it costs copious amounts of money to do so who cares?

He will never be generally content, no.

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

#136

Post by mschuster91 »

bwfan123 wrote: post #134
uberman wrote: 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…

> There is no leadership here They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.

> It is a testament to their business model that it survives in spite of all this.

The business model is pure moat. When the competition is bought up and new competition has it very hard to enter the market because your position is so utterly dominant, you don't need to innovate, you just milk everything you got to death, it's not like people have much of an alternative.

The only threat Meta has is Tiktok, and if I were to guess, we'll see Tiktok end up in Meta in a few years. Forcing Bytedance to sell off Tiktok with only 19.9% remaining in BD's hands was a necessary move given the serious national security implications, but eventually Oracle, Silver Lake and the Emiratis will want their money back, and the "best" way for the grift to finally complete will be for everyone of these three to sell their stake to Meta before a new administration can bring in a new FTC leadership to prevent such a merger.

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

#137

Post by nmfisher »

mmayberry wrote: post #102

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

Facebook is the 21st century version of the tabloid newspaper and daytime Jerry Springer. Highly lucrative, but bottom of the barrel stuff.

Launching a prediction market is exactly the type of thing I would expect from them.

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

#138

Post by cucumber3732842 »

miltonlost wrote: post #113
klodolph wrote: post #97

Earlier quoted context omitted.

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.

Whatever AI the feds buy will see them.

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

#139

Post by delecti »

miltonlost wrote: post #113
klodolph wrote: post #97

Earlier quoted context omitted.

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.

I wonder if it's still a good thing to have taken the picture. There's something to be said for pausing and having the conscious thought "this is a nice moment". (though of course, moderation in all things)

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

#140

Post by aleksiy123 »

Is it just me or is this really not that crazy of an idea?

Polls are already a thing, and people love giving their opinion on things.

Combining social media and gambling while maybe not morally great. Seems like has potential to make a shitton of cash.

Betting is all over the place right now.

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