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Instagram Is Facebook Now

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Re: Instagram Is Facebook Now

#221

Earlier quoted context omitted.

I met one of the most brilliant people in my life. Smart, passionate about art, culture, politics. Brilliant student, top of her class from elementary through college. Fluent (as in certified) C2 in English and German. Terrific career as a public servant in foreign politics already in her late 20s. She would never, ever, miss a single episode of a “reality” about dating in tv, a show famous in Italy as “trash tv”. It…

There are a few seasons of US Big Brother which are genuinely great, intelligent and deep TV. You have to look past the production a bit and get in their heads. At the end of the day, it’s people trapped inside a TV show. It’s a psychological experiment. It’s a real competition for real money involving deception and alliances. Same with Survivor. These shows are often bad but there are some gem seasons out there.

Are you referring to the season where a doctor said everything he was going to do to everyone, then did it, and won? I'm trying to find that season, I think it's early 2000s but I may be wrong.

Re: Instagram Is Facebook Now

#222
post #217
post #46

Earlier quoted context omitted.

> We, as in the IT industry, need to come up with a culture or methodology of 'declaring a product complete' whereby all product managers are gracefully allowed to move on and a product is put into a state of stasis We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. G…

> We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. Growth. > Private companies can sometimes get away with it, as long as the people backing them don't start to see them as investment vehicles like any other public company. I'm probably just naive or missing somethi…

Some owners of private companies don't see the goal of the company as profit maximization - eg SpaceX.

With a public company there's always going to be a shareholder to sue you for not maximizing profit.

https://www.litigationandtrial.com/2010/09/articles/series/s...

Re: Instagram Is Facebook Now

#223
I've posted thousands of photos to my instagram over the last decade and generally loved being a user of it (although it did give me FOMO and jealousy).

A month or so ago instagram deleted my account permanently because their system falsely flagged it as "suspicious activity". My account was never compromised or spammy. It was simply because I used the web interface from a few locations as well as the mobile app. Really frustrating. I don't actually miss it though, I thought I would.

Re: Instagram Is Facebook Now

#224
post #46

Facebook aside you really see this across the board on almost any platform, that once the product reaches it's 1.0 stage, (where it is good, does what the users want it to do, and has realised its vision) it begins a process of gradual decay, as the focus of the product managers (now panicking to find some statistics to improve to show their bosses) shifts from "building functionality" to "increasing engagement/reten…

> We, as in the IT industry, need to come up with a culture or methodology of 'declaring a product complete' whereby all product managers are gracefully allowed to move on and a product is put into a state of stasis We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. G…

» Private companies can sometimes get away with it, as long as the people backing them don't start to see them as investment vehicles like any other public company.

I don't know if anyone has any chance if Stack Exchange can't stay independent. Like the product was arguably "done" years ago if you ignore monetization.

» As you may have seen in the news this morning, Prosus (AEX:PRX) has announced its intention to acquire Stack Overflow for 1.8 billion dollars.

https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-...

» Today we’re pleased to announce that Stack Overflow is joining Prosus. Prosus is an investment and holding company, which means that the most important part of this announcement is that Stack Overflow will continue to operate independently, with the exact same team in place that has been operating it, according to the exact same plan and the exact same business practices. Don’t expect to see major changes or awkward “synergies”. The business of Stack Overflow will continue to focus on Reach and Relevance, and Stack Overflow for Teams. The entire company is staying in place: we just have different owners now.

» This is, in some ways, the best possible outcome. Stack Overflow stays independent. The company has plenty of cash on hand to expand and deliver more features and fix the old broken ones. Right now, the biggest gating factor to how fast we can do this is just how fast we can hire excellent people.

https://www.joelonsoftware.com/2021/06/02/kinda-a-big-announ...

Re: Instagram Is Facebook Now

#225
post #217

Earlier quoted context omitted.

> We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. Growth. > Private companies can sometimes get away with it, as long as the people backing them don't start to see them as investment vehicles like any other public company. I'm probably just naive or missing somethi…

Some owners of private companies don't see the goal of the company as profit maximization - eg SpaceX. With a public company there's always going to be a shareholder to sue you for not maximizing profit. https://www.litigationandtrial.com/2010/09/articles/series/s...

SpaceX is somewhat expected to produce profit at some point, else it would have been registered as a non-profit

Re: Instagram Is Facebook Now

#226

Earlier quoted context omitted.

Some owners of private companies don't see the goal of the company as profit maximization - eg SpaceX. With a public company there's always going to be a shareholder to sue you for not maximizing profit. https://www.litigationandtrial.com/2010/09/articles/series/s...

SpaceX is somewhat expected to produce profit at some point, else it would have been registered as a non-profit

SpaceX definitely wants to make a profit. I don't think building a city on Mars is profit maximization though and this is Elon's explicit reason for not taking SpaceX public.

> According to the company, the short-term demands of shareholders conflict with his long-term ambitions.

https://www.investopedia.com/articles/markets/121515/will-el...

Re: Instagram Is Facebook Now

#227
post #217
post #46

Earlier quoted context omitted.

> We, as in the IT industry, need to come up with a culture or methodology of 'declaring a product complete' whereby all product managers are gracefully allowed to move on and a product is put into a state of stasis We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. G…

> We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. Growth. > Private companies can sometimes get away with it, as long as the people backing them don't start to see them as investment vehicles like any other public company. I'm probably just naive or missing somethi…

It’s not a very satisfying answer but personally I believe that there is no material thing linking the price of a stock to the amount of money the company makes. The only thing that drives the price of a stock is whether people think that other people will want to buy the stock for more later. This kind of implies that the whole stock market is a bit of a sham. Which I think is also true. I think the stock market essentially operates as a semi-perpetual Ponzi scheme. It does suck to come to the conclusion that one of the most central systems in world finance is not based on any fundamentals, but the good news is that in no way does that mean the system is unstable in the short to medium term. Nearly the whole world, and almost everyone in power anywhere in the world is pretty heavily invested in the stock market Ponzi scheme continuing to “work”. So it probably will for quite a long time.

Re: Instagram Is Facebook Now

#229

I've posted thousands of photos to my instagram over the last decade and generally loved being a user of it (although it did give me FOMO and jealousy). A month or so ago instagram deleted my account permanently because their system falsely flagged it as "suspicious activity". My account was never compromised or spammy. It was simply because I used the web interface from a few locations as well as the mobile app. Rea…

I don't know anyone who quit social media that says they miss it.

Granted, that's only a handful of people.

Re: Instagram Is Facebook Now

#230

Is there a a federated Mastodon-like that replicates Instagram decently? I know you could just share photos on Mastodon, but I think the photo centric design and stories are what’s fun. At this point I don’t care about the network effects, if I could share bike trip pictures with 5 friends with something that works like IG stories I’d quit IG today. Edit: maybe an answer to my own question is PixelFed but I’m still s…

PixelDroid[1] is a great android client for PixelFed!

1 - https://pixeldroid.org/

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