"Facebook is where you find out your highschool friend is super in to a MLM, your uncle has drastic political views you don't share, and that your historical social class and network is largely irrelevant to your life a decade later." This is probably the most accurate description of Facebook I've seen.
I'm reminded of a Twitter joke from (according to the WaPo) @KevinFarzad: "HEY IT'S ME your facebook friend from high school who never left our hometown & thinks Olive Garden is fancy. Anyway, here's a racist article."
I always find the constant expectation of growth puzzling. and that it is a regular occurrence. For a long time, DELL grew and grew and got bigger. Then they plateaued (for a while) and the investors were mad. There are only so many people in the world who want an FB account. and only so many companies and people who need a DELL computer. Infinite high growth is impossible to sustain. Physically.
Yes, but the stock market works on the premise of growth, they try to raise money by virtue of being on the stock market, in order get the money required to finance that growth. I would think, that a company that has plateaued should take itself off the stock market, however this doesn't seem to be happening. Such a move would probably imply some drastic changes in how a company is goverend.
This is not, and have never been, the case. Certain markets are winner-take-all, which necessitates a growth-oriented strategy regardless of the stock market. In the general case, the value of a stock only dips if the risk-adjusted net present value of expected future dividends changes for the worse. What happened here is that the market clearly expected the growth potential to be larger than what was the case, but absolutely not infinite.
I'm reminded of a Twitter joke from (according to the WaPo) @KevinFarzad: "HEY IT'S ME your facebook friend from high school who never left our hometown & thinks Olive Garden is fancy. Anyway, here's a racist article."
This probably sounds like a real zinger to a certain kind of young person who moved to Brooklyn and thinks everybody back home is a total loser, but this is not the modal Facebook user, so I'm not sure it matters much.
i mean you can easily write the obverse joke and it has the same overall point - “hey, it’s me, your friend from high school that moved to brooklyn and got a tattoo and thinks he’s better than you. here’s an article about how big yogurt’s assumption you can use a spoon is Ableist” still underscores the fact that facebook is a pipeline to deliver brain poison.
Both jokes made me laugh and wouldn’t it be great if everyone could just CHILL?
"Facebook is where you find out your highschool friend is super in to a MLM, your uncle has drastic political views you don't share, and that your historical social class and network is largely irrelevant to your life a decade later." This is probably the most accurate description of Facebook I've seen.
Well, it was always kind of doomed in this way. When everyone is still actively building their friend list (remember this started for college students) its an amazing product because it brings you closer to people in a new way and allows for curation without investing a ton into AI/ML. For people who stay in a static social bubbles for long times (e.g., your parents, your friends from HS who didn't move to a coastal…
Agree with most of this, but I'm curious where Facebook groups fit in here. We recently moved to Florida and have been scrambling to find non-religious home school friends for our daughter (homeschooling because of Covid). Facebook has been pretty much only resource available, and I've joined a number of local groups that have proved somewhat helpful. I'm wondering whether groups may provide a level of stickiness and…
> have been scrambling to find non-religious home school friends for our daughter Why do they have to be non-religious?
"Facebook is where you find out your highschool friend is super in to a MLM, your uncle has drastic political views you don't share, and that your historical social class and network is largely irrelevant to your life a decade later." This is probably the most accurate description of Facebook I've seen.
This probably sounds like a real zinger to a certain kind of young person who moved to Brooklyn and thinks everybody back home is a total loser, but this is not the modal Facebook user, so I'm not sure it matters much.
> this is not the modal Facebook user
the increasing hew and cry suggests that it actually is
Well, it was always kind of doomed in this way. When everyone is still actively building their friend list (remember this started for college students) its an amazing product because it brings you closer to people in a new way and allows for curation without investing a ton into AI/ML. For people who stay in a static social bubbles for long times (e.g., your parents, your friends from HS who didn't move to a coastal…
They already have, and if the US Government would allow them to make another acquisition over $1bn, they already would have (I guarantee 5 different Biz Dev associates have made very long PowerPoints about Roblox and Rec Room only to be told the idea is DOA).
It's actually kind of amazing that Mark's off-putting personality and desire to remain the face of the company is what will kill it (let's just hope Aaron Sorkin stays alive long enough for the sequel, because it might rival Citizen Kane).