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It's time for Mark Zuckerberg to resign from Meta

theguardian.com

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Re: It's time for Mark Zuckerberg to resign from Meta

#71

Post by herbst »

jmcgough wrote: post #30
herbst wrote: post #13

Earlier quoted context omitted.

What void tho? The majority of people _I know_ below 40 don't use Facebook or any related service at all.

The people you know aren't exactly representative of the whole country. Most people I know are on instagram.

When I open Instagram that is still connected to all my old friends, class mates, travel buddies and whatever I get 90% third party ads and 10% posts that might even be a few months old, and most of that is just "look at me" type of content.

So I have to assume it's dead

Re: It's time for Mark Zuckerberg to resign from Meta

#72

Post by tristanj »

This article is very shortsighted.

If you think Meta is bad now, just wait until Zuck is replaced by a soulless, profit-obsessed corporate CEO whose primary job is maximizing shareholder profit. Meta as a company can get far worse.

People should really be careful what they wish for.

Re: It's time for Mark Zuckerberg to resign from Meta

#73

Post by TFNA »

watwut wrote: post #57
SweetSoftPillow wrote: post #21

Earlier quoted context omitted.

Duolingo has nothing to do with self improvement, it's just a shiny presentation for highly addictive game. We should reward quality of engagement, not just length of it.

People love to hate Duolingo, but I actually learned things on it getting real results. And it showed me that language learning does not have to be massive suck. All in all, it is actually one app that is beneficial or at least harmless.

When did you use it? It was a more authentic language-learning tool in the beginning, but was then gradually enshittified in order to maximize engagement on the platform, not actual language mastery. A lot of the most competent language-consultant staff were let go, too.

Today on the shadow libraries, you have your pick of a number of self-teaching textbooks for free, allowing you to find an approach that fits your learning style. No need to rely on a dodgy corporate app.

Re: It's time for Mark Zuckerberg to resign from Meta

#74

Post by dumberquestions »

rapsey wrote: post #52
dumberquestions wrote: post #22

I wonder what's the net value Meta offers for the world today. I had a similar thought about Elon the other day, for all his billions, only several million people use Tesla or Starlink, and SpaceX is cool I guess, but value and wealth don't seem to be strongly coupled. How many Tesla investors have managed to cash out and how many of Facebook's advertisers managed to turn a profit?

Musk probably made more dollar millionaires than anyone in history. Facebook advertisers use it because it works and reaches a hell of a lot of people.

I don't think Facebook advertisers are being particularly irrational, it's just very interesting to point out how this ad business, despite leaving most of its users ultimately unsatisfied, can be so profitable.

Re: It's time for Mark Zuckerberg to resign from Meta

#75

Post by koolala »

Terr_ wrote: post #59
koolala wrote: post #55

Earlier quoted context omitted.

Closing sale! 50%+ Off Sale on data for the majority of humans on Earth!

The idea of that data ending up in new undetermined hands may-or-may-not be a worse thing, but it reminds me of this bit from Making Money , by Terry Pratchett: > 'Vetinari, are we to believe that you knowingly put the most important bank in the city into the charge of a known bank robber?' > [...] 'Should he have left it in the hands of unknown bank robbers?'

Is your username a reference to Terr_ _________?

Re: It's time for Mark Zuckerberg to resign from Meta

#76

Post by [deleted] »

hpjev wrote: post #40

Mark Zuckerberg owns the majority of voting shares. It's his company, over which he specifically wanted to retain control. Therefore, calling on the board to reign him in is... Misplaced. If you think the actions of Meta are wrong and should be prevented, you need to act on the regulatory level, not appeal to the very shareholders who profit off the behaviour.

[deleted]

Re: It's time for Mark Zuckerberg to resign from Meta

#77

Post by domhudson »

21asdffdsa12 wrote: post #7
throw03172019 wrote: post #2

I’m not sure the next CEO would do any better. The social media craze is built for addiction and that’s their business model. Investors won’t be on board, sadly.

Has there ever be a social media plattform that cheered you on for Self-Improvement? DuoLingo comes to mind or some DIY project- like building a piece of furniture? Just not rewarding flexing, but creating and world improving?

Instructables.com used to be very much like this. The community was built around people posting guides for building DIY projects, with some of them being extremely impressive and creative.

I just took a look, and it appears to have changed now though. At least, from the logged out perspective.

Re: It's time for Mark Zuckerberg to resign from Meta

#78

Post by drcongo »

primitivesuave wrote: post #46

Rather than investigate all the things where investigative journalism could potentially make a difference to real human beings' lives, the Guardian has chosen to pursue a plea for the majority owner of Meta's voting shares (61%) to step down from his position of power. Let us politely ask Sisyphus to stop pushing the boulder instead.

They didn't do this instead of that.

Re: It's time for Mark Zuckerberg to resign from Meta

#80

Post by alex1138 »

_ink_ wrote: post #62
ArtTimeInvestor wrote: post #37

The CEO is the throughline in a history of billion-dollar blunders Since the IPO, he created an annual ROI of 21% for his investors. Taking risks means blunders are part of the way I would say. For comparison: He outperformed the Nasdaq 100 which made 18% (plus dividends) in the same time. And he way outperformed Warren Buffet who made 14% in the same time.

At what price, tho? He harms children, he hijacked the attention of billions and helped the rise of facism and hate, which if not addressed will lead into very dark times again, all for a measly 3% out perform?

There's also the allegation that a) Facebook greatly overcounted (on purpose) the impressions from autoplaying videos and b) their ads target more people in an area than physically exist

"Value" is a tough thing to translate. Market cap, and whatever. Considering the fact so many people express difficulty in deleting their accounts - it won't let you, or it gets reactivated later - I'm just going to state the quiet part out loud here; Facebook's valuation is mostly or entirely fraud

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