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WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

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Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#411

Earlier quoted context omitted.

Facebook could have tried innovating with new types of business models and set an example. Instead...

> Facebook could have tried innovating with new types of business models and set an example. Such as? This kind of handwavy "they could have invented something else that no one else has managed to think of" ignores the possibility that perhaps that other business model doesn't exist. Of course, they could have charged as Acton suggested, but there is no way that model would have supported their $19B purchase price.

I mean, I don't believe that in 2018, we have tried every possible business model in existence. What if I could pay $50 a year to be excluded from their advertising and tracking across the internet? $100? $10/mo? There are absolutely alternative ways of asking for payment for their service, without necessarily compromising their main revenue stream. Will they work? Who knows, because they aren't even bothering to try!

EDIT: And as much as this particular conversation is throwing Facebook under the bus, I feel this holds just as true for Google and the rest of our industry as a whole with a few notable exceptions.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#412

Earlier quoted context omitted.

In corporate America, you always get support as long as things are going well. As soon as things go badly, people look for scapegoats. I’ve had a manager before who supported everything I was doing but when he was let go, I was left hanging in the wind. I’ve slso had a manager who wouldn’t listen to me (I was the Dev lead), everything failed in just the way I warned it would and I could see he was going to blame me.…

There is a difference between a low tier manager telling stuff on day to day business and negotiations during a multi billion acquisition.

Well, looking at what happened with WhatsApp, there isn’t too much of a difference...

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#413
post #362
post #360

Earlier quoted context omitted.

I agree with this point, as I have a strong distaste for the premise the above poster used: "This is the way things have always been". Implying, why try to change them? Women regularly died in childbirth for thousands of years, but do we hear anyone complaining about knowledge of sterile fields and advances in modern medicine? If anyone is looking for data-driven cases on the scale and negative consequences of the in…

Thank you for the sources. I’ve read about the latter but not the others. I don’t know if inequality can be reduced on a macro level, but I would not bet on it. Some things can be changed and some can’t. Your example of maternal health is great—we should be focused more on those types of biological things we can change, imo. Who cares if someone is richer than you if you are healthy and happy? But inequality seems to…

Well sure, the reduction of inequality is not a smart bet to take in the morally impoverished social climate that we live in. The original Pareto principle itself was born out of observations of the natural distribution of wealth among populations, so changes to that distribution will require active effort and hard work to create a sustainable economic structure. I'm not saying people don't have good reason to be cynical about improvements in the Gini coefficient across the world.

But you must recognize that human society is simply the summation of many individual choices, and there is a big difference between saying something is unlikely to happen, and something cannot happen. Pragmatism and cowardly cynicism are two different positions with dramatically different possible outcomes. Instead of accepting Keynes over Polanyi as a foregone conclusion, try looking at the individual choices that were made to get us to this position. Repealing Glass-Steagall in the '90s was a choice. Deregulation in the '80s was a choice. 100 million Americans eligible to register choosing not to vote out politicians who make these decisions are 100 million choices. There may be systemic reasons for why those choices were made, but I am simply right now trying to get you to see that these outcomes are not foregone conclusions.

Your justifying logic for holding your beliefs is certainly not rigorous -- you can just as easily find examples of nature favoring equilibrium and balance in every conceivable force diagram or cell membrane as you can of the existence of inequality. If you are looking for a nature metaphor, why not try a chemical reaction? In an inert environment, oxygen molecules will not spontaneously transform into carbon dioxide, even though carbon dioxide is a more stable chemical state. But once the necessary conditions exist -- the presence of sufficient carbon and enough available activation energy to perform the reaction -- a single spark can cause a chain reaction to convert every single oxygen molecule present into carbon dioxide molecule. No matter if previously, every oxygen molecule was insisting, "But this is the way things have always been for us! Some things can be changed, and some things can't."

We have not yet reached the necessary conditions for our society to reach a more stable state, so you are not wrong in saying that it seems unlikely that the reduction in inequality can occur without certain tipping points being reached. But it is folly to conclude "...there's not much that might change that" without educating yourself on the missing conditions and realizing that it is possible to slowly work towards achieving those conditions or empower others who are taking steps to achieve those conditions. Conditions like political will, corporate regulations and safeguards against regulatory capture, fighting disinformation campaigns, and educating people on the harms of inequality, done very well by thinkers like Stiglitz, Varoufakis, McChesney, Chibber, Polanyi, Bernie Sanders, John Kay, Tim Wu, and many others who have considered the effects and are working on solutions. So that when that single spark comes along -- a great leader who can move the masses to rally behind a vision of a better world -- hopefully we will have done enough to move in the correct direction. We are closer than we think probably, if you look at how close the elections of Gore and Sanders were, for example.

But, I should say in the end I am encouraged by anyone who is willing to read and educate themselves on the matter and engage with differing viewpoints. I wouldn't go so far as to say that I am optimistic for the future, but I will do whatever is in my power to create a fighting chance for those who have not yet given up in the face of difficult odds.

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