Kevin and Mike have my utmost respect for everything they have done for the world. Thank you so much for truly believing in something and giving it all up for that.
Instagram’s Co-Founders Said to Step Down from Company
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Re: Instagram’s Co-Founders Said to Step Down from Company
#32Is HN going to continue linking people to pay wall articles?
Are HN commenters going to continue complaining about a paywall that's documented to be easily bypassed?
Are HN commenters going to continue complaining about a payall that's pretty cheap to pay for?
Re: Instagram’s Co-Founders Said to Step Down from Company
#33Without being too careless[1] I think it is plausible to assume they and their children will not "have" to work again. The "have" is in scare quotes because, in my experience with tech people I know who have 'banked out' of the workforce, working on something is often more rewarding, over a longer term, than sitting around consuming entertainment while eating and drinking. So nearly everyone I know who became multi-millionaires or beyond have ended up still doing something interesting with their lives.
So stepping down from FB is kind of a no brainer, especially if it becomes less "fun" due to issues raised by other people. Building stuff is fun, cleaning up a mess, is not fun. Trying to do stuff while the mess is getting worse and worse around you, that is pure torture in my opinion.
[1] There is a sad track of people who have made millions and then lost it all due to poor choices.
[2] Billionaires actually -- https://www.forbes.com/profile/kevin-systrom/#3b19b6447396 -- or not -- https://www.therichest.com/celebnetworth/celebrity-business/...
Re: Instagram’s Co-Founders Said to Step Down from Company
#34I wonder what's Facebook's move after Instagram becomes stale and no longer "cool". It seems to me that the popularity of social networks are cyclical, and there's very little that a company can do to satiate a user's appetite for something new. That's before we discuss future regulatory troubles Facebook might face. What future revenue streams does Facebook have? Are they even capable of creating something new that…
Facebook is here to stay. They are not Myspace. They are following the model of many of the tech companies that survive. If they can't copy it they will buy it. They have enough revenues that they can buy any hot startup and nurse it to success. Zuckerberg will likely be CEO for at least the next 10 years and has shown that he can learn from mistakes and continue to succeed. He's one of the few that has learned his way to successful CEO of a large company.
There's very little that can bring them down. Even if the government regulates them the regulations will not be so stringent that they will cause Facebook to fold. The irony is that regulations favor big companies since they make it harder for small start-ups to succeed.
I'm not a fan but I see reality.
Re: Instagram’s Co-Founders Said to Step Down from Company
#35I wonder what's Facebook's move after Instagram becomes stale and no longer "cool". It seems to me that the popularity of social networks are cyclical, and there's very little that a company can do to satiate a user's appetite for something new. That's before we discuss future regulatory troubles Facebook might face. What future revenue streams does Facebook have? Are they even capable of creating something new that…
Cool probably doesn't matter nearly as much as it used to given Facebook's user base size. As long as they have eyeballs, they'll have a revenue stream. Their willingness to pay what appeared to be outrageous sums for competitors users reflects that. But now that they've got the lions share of the social network using world, it's doubtful that they'd need to do that again in a big way unless they see something getting serious traction with people who are not already Facebook users.
You say least stable but let's look at Yahoo as an example: they've been dead for over a decade and lots of people still use them. Massive data breaches, people still use them etc. etc. Imagine how many people will keep using Facebook if all they manage to do is be a less bad version of Yahoo. People are creatures of habit and once they develop a habit, especially one that doesn't cost $$$ upfront, it takes a herculean effort to get most of them to change their behavior. Once people are hooked, many of them seem to be willing to be abused nearly forever.
Re: Instagram’s Co-Founders Said to Step Down from Company
#36Is HN going to continue linking people to pay wall articles?
Yes, there are workarounds.
Re: Instagram’s Co-Founders Said to Step Down from Company
#37I wonder what's Facebook's move after Instagram becomes stale and no longer "cool". It seems to me that the popularity of social networks are cyclical, and there's very little that a company can do to satiate a user's appetite for something new. That's before we discuss future regulatory troubles Facebook might face. What future revenue streams does Facebook have? Are they even capable of creating something new that…
They have over 2 billion monthly active users. This is a global penetration rate that is the best in the world. They have done something that no other company in the world has done. They are relevant to basically the vast majority of all Internet users in the world. To say they are the least stable or that their power over most humans is waning is, quite frankly, ludicrous.
To put it in perspective, they would need to lose 3/4 of their users to reach Twitter levels. Sure, Hacker News has loads of people that hate Facebook, but don't be fooled by the HN bias here. Also, all the armchair CEOs here would do anything to get even 1% of Zuckerberg's success. I don't think Facebook is going anywhere soon.
Re: Instagram’s Co-Founders Said to Step Down from Company
#38I wonder what's Facebook's move after Instagram becomes stale and no longer "cool". It seems to me that the popularity of social networks are cyclical, and there's very little that a company can do to satiate a user's appetite for something new. That's before we discuss future regulatory troubles Facebook might face. What future revenue streams does Facebook have? Are they even capable of creating something new that…
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…
What like the next social network?
I'm much more bearish on antitrust than most people throwing that term around, but even I am against Facebook being able to buy another upstart social network. They cannot be allowed to do that.
Maybe they can do something completely different like Oculus and leverage their infrastructure to make the best product possible. But even then that's a huge gamble, and I don't think Oculus has lived up to anywhere near the hype.
Re: Instagram’s Co-Founders Said to Step Down from Company
#39Earlier 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…
The ability to buy the next big thing is far from guaranteed.
Facebook has the power to know what the next big thing is, maybe better than those building it. Reading up on onavo is terrifying.
Re: Instagram’s Co-Founders Said to Step Down from Company
#40Is HN going to continue linking people to pay wall articles?