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Instagram’s Co-Founders Said to Step Down from Company

nytimes.com

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Re: Instagram’s Co-Founders Said to Step Down from Company

#141

Post by B1FF_PSUVM »

mbesto wrote: post #93
013a wrote: post #62

Earlier quoted context omitted.

Windows has seen an officially reported install base as high as 1.5B. This was a few years ago; their numbers have taken a hit recently. Considering the average annual revenue per U.S. Facebook user is ~$20, startlingly less in other countries, arguably Microsoft, not Facebook, is the more interesting company. Nearly as many active users as Facebook, but substantially more revenue per user (~$50-$150 for an OEM key?…

> Considering the average annual revenue per U.S. Facebook user is ~$20, startlingly less in other countries, arguably Microsoft, not Facebook, is the more interesting company. Your points are all valid. However, you're comparing Apples to Oranges. MSFT makes a large chunk of their revenue from Enterprise customers. I don't think it's fair to put the two companies in the same category. Your larger point however, I de…

> MSFT makes a large chunk of their revenue from Enterprise customers

Now they do. Got out of the consumer business like a scalded cat, because consumers are fickle and quick to anger.

Now, perhaps we could have a word from HiSpace's Tom, or whatever his Ozymandias was ...

Re: Instagram’s Co-Founders Said to Step Down from Company

#142

Post by fsloth »

laurieg wrote: post #125
throwaway724 wrote: post #56

Posting anon. In 2009, the startup where I was working was hitting the skids, and our investors (correctly) were not willing to back us. We all kept grinding for a month or two in honorable futility, but after a while, my bank account depleted and I had to go. To make various ends meet and to keep my mental health during the wind down however, I took up some contract work that I found through various friends in the S…

A lot of commenters seem to be bemoaning this poster as missing out on endless riches. Why? we already know that being super rich doesn't really make you all that much happier compared to being rich (and if you are a programmer in work in then you are pretty rich). I feel that they missed out more on the rocketship journey of being on a startup. And even then that's not everyone's cup of tea.

"and if you are a programmer in work in then you are pretty rich"

Incidentally, I'm not sure if this statement has any validity outside US. I wonder why that is.

Re: Instagram’s Co-Founders Said to Step Down from Company

#143

Post by gadders »

khuey wrote: post #74
throwawaymath wrote: post #64

Here's an offtopic observation. This article (from the New York Times ) denoted the names of the Instagram founders as "Mr. Systrom and Mr. Krieger..." The Wall Street Journal has a corresponding article about this story. In that article, the Instagram founders' names are written, "Messrs. Systrom and Krieger..." Despite frequently reading both papers, I can't recall ever seeing "Messrs" before. I thought it was a ty…

"Messrs" is pretty old fashioned language. It's uncommon to see it in modern use.

Maybe in the US. It's not uncommon in the UK.

Re: Instagram’s Co-Founders Said to Step Down from Company

#144

Post by tabs_masterrace »

uuilly wrote: post #121
throwaway724 wrote: post #56

Posting anon. In 2009, the startup where I was working was hitting the skids, and our investors (correctly) were not willing to back us. We all kept grinding for a month or two in honorable futility, but after a while, my bank account depleted and I had to go. To make various ends meet and to keep my mental health during the wind down however, I took up some contract work that I found through various friends in the S…

You know how in war movies when the guy leaves the trench only to come back and find that all his friends have been killed? In the valley you leave the trench and come back to find that all your friends are rich. No words can alleviate that regret. But if you’re having near misses like this you’re actually really close to something good.

If you trouble yourself over regret on how you didn't get rich that one time, while still living a life that is probably in the upper 90th percentile comfort-wise, you aren't doing yourself any favors. Money is just numbers, and in the end we are all dead, so spending your days regretting not winning the lottery has to be one of the most stupid things to trouble your mind with. A dose of some traditional values would probably help.

Re: Instagram’s Co-Founders Said to Step Down from Company

#145

Post by pm90 »

tmvnty wrote: post #133
throwaway724 wrote: post #56

Posting anon. In 2009, the startup where I was working was hitting the skids, and our investors (correctly) were not willing to back us. We all kept grinding for a month or two in honorable futility, but after a while, my bank account depleted and I had to go. To make various ends meet and to keep my mental health during the wind down however, I took up some contract work that I found through various friends in the S…

The fandom of getting rich and famous in the Silicon Valley is equivalent to high school girls wanting the bad boys as boyfriends.

I don't think that's accurate. A more apt anology (and one trending on HN, coincidentally) is the California Gold Rush. The prospectors (workers) are willing to work super hard and risk it all to find gold (unicorn equity).

Re: Instagram’s Co-Founders Said to Step Down from Company

#146

Post by stef25 »

thedailymail wrote: post #123
quintin wrote: post #77

Earlier quoted context omitted.

You know what they say: “When humans discover immortality, the person who will die the minute before will be the most …”

I think all the people who die unwillingly after humans discover mortality will have a good claim to be the most...

Immortality will probably never work for those that die from getting hit by a train and the like. This will make their death so much worse for their loved ones.

Re: Instagram’s Co-Founders Said to Step Down from Company

#147

Post by kondro »

modwilliam wrote: post #43
lbotos wrote: post #25

Earlier quoted context omitted.

I mean, can they not BUY the next one? It's what they did with Instagram after all. >What future revenue streams does Facebook have? The amount of Data facebook has on the behavioral nature of current parents and current and future American children of said parents is _insane_. Facebook may not be a social media company for ever, but big blue will be an advertising powerhouse for a while with the amount of data they…

They may not be able to. See: Snapchat

Snapchat's market cap is only $12B… and publicly traded. I'm sure they could buy it if they wanted to.

Re: Instagram’s Co-Founders Said to Step Down from Company

#148

Post by pavlov »

modwilliam wrote: post #43
lbotos wrote: post #25

Earlier quoted context omitted.

I mean, can they not BUY the next one? It's what they did with Instagram after all. >What future revenue streams does Facebook have? The amount of Data facebook has on the behavioral nature of current parents and current and future American children of said parents is _insane_. Facebook may not be a social media company for ever, but big blue will be an advertising powerhouse for a while with the amount of data they…

They may not be able to. See: Snapchat

With the way Snapchat's stock price is going, it's going to be snapped up by a bigger player eventually.

Re: Instagram’s Co-Founders Said to Step Down from Company

#149

Post by stef25 »

themagician wrote: post #101
newscracker wrote: post #75

Well, there's more than a 50% probability that they're leaving because of conflicts with Facebook, the privacy issues and the push to add more and more ads everywhere. If this were the case, I hope they'd speak up sooner than later. We need voices from within FB and its acquisitions to tell everyone how messed up things are behind the scenes. But you have to give credit to how the company started and how it's been ru…

lolwut? Instagram today is completely different from the way it started. The app is different, the community is completely different. Literally nothing is the same. It doesn’t even resemble what it once was. It has completely devolved. It may very well be the most toxic property out there. It’s hard to imagine something more phony, optimized soley as a way to waste your time tapping away giving “likes”. Watching somo…

The only social media account I have is IG and just use it to follow brands, business and artists I like. It's quite good for that. Example, a record shop will post noteworthy new arrivals (video with sound) and I frequently buy the things they post.

Re: Instagram’s Co-Founders Said to Step Down from Company

#150

Post by skrebbel »

jorvi wrote: post #139
skrebbel wrote: post #137

Earlier quoted context omitted.

> No words can alleviate that regret. I can relate. I cry myself to sleep every night thinking about those bitcoins I didn't mine, back when you could get hundreds on a single GPU overnight.

Well, at least you aren’t the guy that bought two pizzas for 10 000 bitcoins. If he’d have held onto them until the $20 000 peak (a tall order in itself) he’d have netted a cool $200 million.

Well, not so bad if they were nice pizzas!
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