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Sheryl Sandberg stepping down as Facebook COO
231–240 of 619 posts
Re: Sheryl Sandberg stepping down as Facebook COO
#232Safra Catz, Sheryl Sandberg, Dianne Feinstein .. somehow, I did not expect this kind of "success" in California in 2022
Re: Sheryl Sandberg stepping down as Facebook COO
#233Earlier quoted context omitted.
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
You need to check out "Metaverse Twitter". You're missing out on a lot of fascinating developments. The field is in its "90's internet phase" right now. The tech is still immature, but is rapidly growing in capability and ambition. Just like most people in the 90's had no idea how "internet" would be used, I think our ability to conceive of VR/AR/XR/metaverse is similarly myopic. I would give it a 10-15 year timeline…
> The field is in its "90's internet phase" right now. The tech is still immature, but is rapidly growing in capability and ambition.
This has been said to be the case (though for the first several waves with a different analogy, for obvious reasons) for every wave of the VR hype cycle since at least the mid-80s.
But it keeps not sticking, and I don't see any convincing reason to believe that the people pushing, or buying into, the hype understand why it keeps not sticking, much less have done anything in the most recent wave to overcome those problems.
Re: Sheryl Sandberg stepping down as Facebook COO
#234Earlier quoted context omitted.
-44% ytd lol why write something in bad faith?
Tech as a whole is down 27% over that period, which means $FB underperformed but not by a whole lot.
QQQ is down 23% ytd so they underperformed the Nasdaq 100 by 2000 bps. that is objectively “a lot” especially for a mega cap.
Re: Sheryl Sandberg stepping down as Facebook COO
#235Earlier quoted context omitted.
Facebook was always doomed for failure, just like every social platform that came before it. The pivot should've happened years ago with a focus on Instagram and content creation (their shot at streaming was at least in the right direction). At this point, Facebook has simply waited entirely too long, and the likelihood of any pivot working for a company of their size is basically nonexistent.
> ... was always doomed for failure You could also say that "they won" and there's no where to go but down now. Nothing can grow forever and things that try are known, in the biological domain, as cancers or infestations. There's quite a few corporations that "won" their market, so they're primed for a decline-- if you can still even call it that after enough people made more money than god and retired.
I feel that social networks are best done in an descentralized way: Like IRC, and Usenet on its own time. There should be no "winner" or local entity that tries to milk profits out of it.
Because exactly as you said: Facebook "won" the social network game several years ago: Everybody was in there. From there the only thing it could do to try to milk more profits was to bring it down.
Instead, we've got IRC or Usenet that, years and years after their "peak", they are still going well and good. Gone are the "ethernal septembers" and most of spam. And the protocol and networks (that matter for the people using it) are still in there.
Re: Sheryl Sandberg stepping down as Facebook COO
#236Earlier quoted context omitted.
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
VR only underdelivers when compared to full emergence. You don't need a television when you have a VR headset. I think that Meta's headsets will be the the consoles for the next generation because TV sets are not a given anymore. So a console becomes more expensive because you have to also buy a television.
> TV sets are not a given anymore
Everyone I know has at least one TV. You can buy a 58" TV at Walmart for $298. That's less expensive than an Xbox or PS console.
Re: Sheryl Sandberg stepping down as Facebook COO
#237Re: Sheryl Sandberg stepping down as Facebook COO
#238I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
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Re: Sheryl Sandberg stepping down as Facebook COO
#239Earlier quoted context omitted.
The entire internet subsists on ads. Even Amazon retail, a store that sells physical goods makes its profit selling ads. If anything they're only going to become more important as to internet becomes more accessible to low resource individuals around the world.
> The entire internet subsists on ads. I don't understand how people can make this statement and not immediately realize their is something deeply, deeply wrong about this situation. Ads derive their value from the product being sold, the fact that ads themselves have become the economic underpinning of the entire internet, rather than actual things being sold, should tell you there is a problem.
Everybody realizes it's wrong. The issue is not a lack of understanding. The issue is the lack of an alternative.
People will not pay a penny for the vast majority of the internet, whether they be social networks or just plain websites. They won't donate either or do "micro transactions", not at the scale in which ads currently deliver revenue.
So for the vast majority of the internet, no ads = no money. And it ends right there, hobbyist bloggers aside.
Re: Sheryl Sandberg stepping down as Facebook COO
#240Today, I am sharing the news that after 14 years, I will be leaving Meta. When I first met Mark, I was not really looking for a new job – and I could have never predicted how meeting him would change my life. We were at a holiday party at Daniel L Rosensweig's house. I was introduced to Mark as I walked in the door, and we started talking about his vision for Facebook. I had tried The Facebook, as it was first called…
If you stare at this text without blinking while rapidly rocking back and forth in your chair, you actually start seeing Zuckerberg's face.