811–820 of 923 posts
As much as I hate Zuck - he's a ballsy CEO, he makes big bets, some work and some don't. Instagram and Whatsapp did! Heck in Asia and Latin America entire economies use Whatsapp for transacting business.
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Where did all the extra employees come from? Did this result in shortages in other industries that the employees supposedly transitioned from?
IIRC, CS majors in universities grew a lot over the past 2 decades in particularly past couple years. It can be argued that the demand for graduates in other industries might have stagnated or even dropped, and it's "spread over" many different industries, so it's not really that seriously felt. But if you were hiring in the software industry during the covid peak years, you would seriously feel the shortage. I used…
This is interesting because it's a case of "AI taking jobs" but not in the way people normally mean; these massive layoffs are happening not because AI is doing the work they used to do but because capex is sucking all of the operating money out of everywhere. The companies may be forced to replace some of the laid-off employees with AI (as far as possible) but that's an effect not a cause.
3 and a half ways AI takes jobs: 1. By making workers unnecessary (largely hypothetical right now?) 2. By companies spending big on AI, but it didn't pay off yet so they need to cut back on something else. 3. AI is a good excuse for layoffs they want to do anyway. Also - the investors would rather hear "AI" than "oops we are in trouble so we need to do layoffs". For example, if you spent a lot of billions on a 2nd li…
I'm not one to invoke "incompetence" willy-nilly, but I'm having a hard time explaining these policies apart from it.
Anyway, I bring this up because it didn't quite fit into your 3.5 rubric.
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This comment put everything into perspective. I can't name anything beyond Facebook, Instagram or Whatsapp that Meta's created and I've used in the past 10 years. I've never even (knowingly) used the LLama models tbh.
If you consider Marketplace its own product it’s a massive win but they haven’t monetized it beyond some very ineffective post boosting and advertising. I honestly think they could charge 10% of list price for items over $50, plus membership levels that reduce or remove listing fees. and make a significant amount of money.
Does anyone affected by this or that works at Meta would dare speak about it?
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I would argue that Meta had already overhired by the beginning of 2021, and the hiring spree was continuing.
Meta was over hiring engineers from about 2015, if we're being honest.
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I've heard OpenClaw got over 600k lines of code vibed over 80 days. I have this theory that the bloat will follow to the full extent possible. OpenClaw has this, the OpenEye or whatever that comes on another day, with better models, will have 3 million lines of code. All of the possibilities that you mention will not come to fruition the way you'd like to, because speed is preferred over building better things, and t…
Tech debt and maintainability were important because time was of the essence in another era. If the cycles get compressed by say 95%, to hell with it, just trash the old and write everything from scratch, start from a clean slate each time?
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Although in this case Meta bought companies that were already established and successful. Google bought Android before it had released products. Google Maps was purchased, but was Where 2 actually a successful product prior to that?
I feel like you just cherry picked from my examples. YouTube was certainly successful - Google bought them because their own Google Video competitor was a flop. DoubleClick was also obviously huge. Where 2 had a successful product, it just wasn't web based (nor do I think free), so didn't have anywhere near the distribution that Google enabled once the team ported it to run in a browser.
But just wanted to correct for the historical record:
> Where 2 had a successful product, it just wasn't web based (nor do I think free), so didn't have anywhere near the distribution that Google enabled once the team ported it to run in a browser.
Where 2 did not have a product, successful or not. They were an unreleased demo looking for investors and luckily got into a room with Larry Page of 2004.
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If you consider Marketplace its own product it’s a massive win but they haven’t monetized it beyond some very ineffective post boosting and advertising. I honestly think they could charge 10% of list price for items over $50, plus membership levels that reduce or remove listing fees. and make a significant amount of money.
I am so disappointed that Marketplace killed craigslist. Marketplace search is awful. It is probably the worst shopping I have experienced.
And while FB marketplace search kinda sucks the algorithm is supremely effective at surfacing listings based on your searches and activity.