101–110 of 129 posts
Pro tip: there’s people other than Mark Zuckerberg who own those super-voting shares in Facebook, who keep his power unchecked. One of them is considered a darling investor in Silicon Valley and pretends to be a voice of social justice (and funds a lot of that sort of stuff). When your politicians put random employees and other paid shills in front of committees as proof that they’re being “tough on Facebook,” unders…
Unless and until we come up with a different economic model for social media, we'll always have Facebook (or Twitter, or whatever successor toxic social media site comes next). Plenty of people here on HN have argued that the real problem is centralization, and I agree. Take whatever specific issue one might have with FB -- let's say disinformation, for instance. We have all these debates about censorship vs free spe…
Calls for breaking up companies make great headlines for politicians but let's look at the history and why this was necessary as a solution to antitrust. The textbook case for the Sherman Act was Standard Oil. Built up by Rockefeller in the late 19th century, Standard Oil came to effectively control the extraction, refining, distribution and sale of kerosene (in particular). This is when oil pipelines began, interest…
What about AT&T? This just in: Ex-FB employee says Amazon, not FB, is the problem. ¿Por que no los dos?
https://www.cablefax.com/technology/how-at-amp-t-became-a-mo...
Earlier quoted context omitted.
Facebook thinks it's the company to "fight election meddling"? Is this the same Facebook that meddled in the 2020 US presidential election by suppressing the distribution of a factual news story because the facts were embarrassing to the Biden campaign? What next, is Bill Cosby going to tell us that he's an activist for women's rights?
Here is an alternative take on Bill Cosby’s culpability, it may revert your opinion: https://youtu.be/QQXZ6752EiY
Unless and until we come up with a different economic model for social media, we'll always have Facebook (or Twitter, or whatever successor toxic social media site comes next). Plenty of people here on HN have argued that the real problem is centralization, and I agree. Take whatever specific issue one might have with FB -- let's say disinformation, for instance. We have all these debates about censorship vs free spe…
How so?
Earlier quoted context omitted.
What about AT&T? This just in: Ex-FB employee says Amazon, not FB, is the problem. ¿Por que no los dos?
AT&T was a government-created monopoly. https://www.cablefax.com/technology/how-at-amp-t-became-a-mo...
Pro tip: there’s people other than Mark Zuckerberg who own those super-voting shares in Facebook, who keep his power unchecked. One of them is considered a darling investor in Silicon Valley and pretends to be a voice of social justice (and funds a lot of that sort of stuff). When your politicians put random employees and other paid shills in front of committees as proof that they’re being “tough on Facebook,” unders…
Pro tip: there’s people other than Mark Zuckerberg who own those super-voting shares in Facebook, who keep his power unchecked. One of them is considered a darling investor in Silicon Valley and pretends to be a voice of social justice (and funds a lot of that sort of stuff). When your politicians put random employees and other paid shills in front of committees as proof that they’re being “tough on Facebook,” unders…
Pro tip: citations, please!
Pro tip: there’s people other than Mark Zuckerberg who own those super-voting shares in Facebook, who keep his power unchecked. One of them is considered a darling investor in Silicon Valley and pretends to be a voice of social justice (and funds a lot of that sort of stuff). When your politicians put random employees and other paid shills in front of committees as proof that they’re being “tough on Facebook,” unders…
Zuckerberg controls 58% of the voting shares. No one else on the board matters.
https://www.reuters.com/article/idUS275871279920151202
> At Facebook, Zuckerberg’s stake, worth some $45 billion, comes with more than 53 percent of the votes in any shareholder poll, according to company filings. That rises to nearly 60 percent including stock owned by co-founder Dustin Moskovitz, which Zuckerberg usually gets to vote.
Note that there have been share sales since the time of this article (2015), so I would assume that the majority has become even more dependent on others voting his way (I wouldn’t know what the board has granted since then, which is a whole other topic...)
Pro tip: there’s people other than Mark Zuckerberg who own those super-voting shares in Facebook, who keep his power unchecked. One of them is considered a darling investor in Silicon Valley and pretends to be a voice of social justice (and funds a lot of that sort of stuff). When your politicians put random employees and other paid shills in front of committees as proof that they’re being “tough on Facebook,” unders…
Thiel's money is not red btw.
You think Thiel and the Trump election was interesting? Go look at the largest donor to Biden’s “Future Forward PAC.”