I cant believe that this was an article posted by such a successful entrepreneur. This is the type of amateur idea and discussion you would expect from a grade 10 student. He has lost all credibility due to him actually saying (and believes) that 10% of users would pay for this feature.
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#42> he needs to use [Facebook] to communicate with his new co-workers Who uses Facebook for internal company communication?
Actually, Facebook (the company) does a remarkable amount of internal company communication using it.
Eating their own dogfood? No, I don't think so.
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#43I cant believe that this was an article posted by such a successful entrepreneur. This is the type of amateur idea and discussion you would expect from a grade 10 student. He has lost all credibility due to him actually saying (and believes) that 10% of users would pay for this feature.
I've heard this basic idea from all kinds of really successful businesspeople. This idea that there's some minimal level of buy-in (10%, or whatever) that you can just take for granted. It comes up most often when someone is challenging the premise of their idea. "Well if we only get X% it'll still be a win" etc.
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#44Ah, the old "if even of people pay for it, we're golden!" thing. I'm going to go sell rocks at a concert for $1m a pop. The concert is 100,000 people, if even 0.01% pays for them, I'm rich!
Never underestimate the willingness of some minority of people to pay for the most ridiculous things.
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#45Earlier quoted context omitted.
Actually, Facebook (the company) does a remarkable amount of internal company communication using it.
Eating their own dogfood? No, I don't think so. http://phabricator.org/
I work at Facebook. We use Facebook groups heavily for company announcements, discussions, funny posts, help and support, feedback and feedback requests, etc. We use Phabricator for code reviews and other software engineering tasks.
Of course, not everyone uses Phabricator (because not everyone is an engineer or programmer), but I haven't seen anyone not use Facebook. Even the culinary team (for Facebook's cafes) has a few popular Facebook groups.
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#46This article is the ultimate proof that ANY Medium link is garbage.
I'm glad Tolstoy is not around anymore and is not able to post on Medium as it would surely turn out to be bad.
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#47Earlier quoted context omitted.
Facebook is used by about one sixth of the world's population. I don't think the site is mostly teenagers any more.
citation needed (on one sixth of the world's population) Before you trot out their subscription numbers, I should point out that I know quite a few people who have multiple FB accounts for a variety of reasons. That portion goes up substantially when you add people who deliberately got rid of accounts and then created new ones.
What are some of those reasons? Most people I know can barely handle 1 account.
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#48This is a common error in human misjudgement that just because you had one relevant idea in the past it automatically follows future ideas should be so relevant. But, they're not, and 10% of the people are not going to pay for no ads.
"...and 10% of the people are not going to pay for no ads." Any data to base this assumption on? Maybe it won't be 10%... but even 1%, 4%, 6% are a solid revenue stream with a user base the size of Facebook's.
I don't need hard data. To me it's common sense. Rare is the company making $12B per annum. For example, The Coca-Cola Company made $9B in 2012. Even rarer is an established company with a single idea that suddenly takes them to that level of prosperity. I'd say so rare as to be nonexistent.
However, it's very common for already successful people to think all their ideas are good. Wouldn't you be biased towards your own greatness if you were named 2009 Nerd of the Year by GQ magazine, one of the Most Influential People in The World by TIME, etc?
When you've been told by the world that you're brilliant, it's easy to be seduced by that then go on further to make a horse's ass out of yourself.
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#49Earlier quoted context omitted.
citation needed (on one sixth of the world's population) Before you trot out their subscription numbers, I should point out that I know quite a few people who have multiple FB accounts for a variety of reasons. That portion goes up substantially when you add people who deliberately got rid of accounts and then created new ones.
What are some of those reasons? Most people I know can barely handle 1 account.
Here are a few use cases. For every one of them, I know at least one person (sometimes many) who falls into that use case.
Guilds in online games often use FB groups to coordinate. If you want to spy on other guilds, you'll need a different FB account. I've known people with dozens.
People create and abandon accounts. When they later decide that they want to use FB after all, it can be easier to create a new account than remember how to get into the old one.
People often want to hide part of their lives from others. For instance a pre-op transgender person might be part of transgender groups but have family who they have not discussed their plans with. Having multiple FB accounts is a way to separate these parts of their life.
People create accounts to use as sock puppets for online arguments.
Re: Facebook Premium
#50Earlier quoted context omitted.
What are some of those reasons? Most people I know can barely handle 1 account.
Here are a few use cases. For every one of them, I know at least one person (sometimes many) who falls into that use case. Guilds in online games often use FB groups to coordinate. If you want to spy on other guilds, you'll need a different FB account. I've known people with dozens. People create and abandon accounts. When they later decide that they want to use FB after all, it can be easier to create a new account…
Damn... the people in your life are very interesting, clever, and busy. I would have never guess most of those reasons. The people in your life sound like fun... and occasionally combative ;)