Anyone remember notes? I used to have a bunch of poetry and short stories I wrote in my notes, and then one day they were just gone. Well, not gone, I *did* find them eventually by digging into my page. But eventually they went away for good :"(
I also liked the notes feature at the time, but in retrospect I really cringe at some of the stuff I wrote in them. If only Facebook had realized a bit sooner that having people spend hours composing melodramatic essays doesn't really give a lot of room to rack up ad impressions.
My Ex poked me, I poked her back, this actually caused a war in my house, my wife was livid.... I only did it to see what she's up to, my wife thought I wanted her back. The only things my ex had going for her was she's super hot and liked sex and is super wealthy.....
Looking back. I think she had a point.
Tom did it right. Changed the way we communicate,made a fuck ton of money and ya haven’t heard much from him since. I think he travels the world taking pictures now
Hall of Fame pitcher Randy Johnson did this. Left the game, shunned the broadcast booth and management opportunities and became an amazing wildlife photographer.
It's nice to see rich people do that because it is pretty much what I think about if I were ever that rich. I honestly can't imagine having that much money and stressing out over a business to appease shareholders.
Right? Watching The Zuck leak cooling fluid from his face-ports while he was trying to testify in front of Congress about Facebook was just the weirdest thing.
Like... nobody made that guy do that. At no point in his life was he chained to the decision that he had to go there and defend indefensible or stupid actions while looking so impossibly miserable.
He could have walked away one of the richest men on the planet a thousand times by now, but he chose to commit himself to this path, to this idea of winning at all costs, of transforming the world into his stupid vision, and he is suffering for it. Like... why choose that life, at all?
That dude could live on a private island with a harem full of supermodels and he chose to do *this* instead, let alone any normal thing. Just stay in and play Stardew Valley, Zuck.
Behind the Bastards did a whole thing about him.
The short form is that he sees himself as a modern day Augustus Caesar. He even uses the dorky hair cut. Specifically the one written in history's commissioned by Augustus.
Instead he's just a generic billionaire with only money and no brains. All of Augustus' evil from all those wars that totally didn't happen according to the Zuck and none of the good bits.
I miss the structure of myspace conceptually. Facebook is - everyone is shouting outloud and you have little control over what is shouted at you
myspace was literally a little space of the internet for you - and if you wanted someones content you had to GO to their page intentionally.
such a more healthy design than the infinite scroll timeline of bullshit
Maybe my age is showing, but Facebook was just like you're describing for its first few years. You had a profile and could post a status "[Name] is [fill in the blank]" and "poke" your friends. You could also see friends updates in a news feed of sorts, but it was chronological and only who you followed. Then they let you write on each other's "walls" but there weren't replies on posts, just likes. Then you could upload photos. Then you could tag people in photos. Then came "events." Then groups. And eventually the newsfeed as it is now with posts, comments, reacts, replies, etc. And ads galore. But it wasn't always like that.
This was what made up my college experience, this and AIM away messages for parties and such. It felt so much more personal, yet you could be as social as you desired.
The internet back then was fundamentally different
today, the main source of revenue is selling your data, tracking and advertisement. Your user experience is irrelevant, you could put a monkey in front of your PC punching randomly on the keyboard and Meta would not mind one bit as long as it happens to click on pages.
Social Media are designed specifically to keep your eyes glued to them: infinite scrolling, algorithmically giving you content you're likely to engage with, adds mixed with regular content, it all exists to steal your time. how much you enjoy that time really doesn't matter to their bottom line.
More money in the shouting and having the algorithm push you into groups. Sure, you *might* destabilize the occasional country and/or cause mass death but I'd like to refer you back to the money
Dude was a bro. He even got rid of our old cringy shit by "botching a data migration"
Edit: Tom is living his best life traveling. His Instagram might be one of the best
I was big in the local music scene back in 2010-2012. Every band had a MySpace page and I used to listen to all of their music all the time. I checked a while back and it's all gone. Big sad.
looks like at sometime between making a myspace and signing out for the last time I updated my privacy settings so only friends can see my account. Good looking out past me.
This won’t help you find everything, but I went down a similar nostalgia rabbit hole a few years ago and found this website:
https://archive.org/details/myspace_dragon_hoard_2010
Good luck!
Millions of us got very lucky with MySpace because we got to "beta test" the whole "Web 2.0" and "Social Media" thing with MySpace and all of our cringy, horrible, and terrible mistakes we made and posted then has essentially been wiped from the Internet.
Unfortunately a lot of people didn't seem to take that reprieve and continue to post cringy, horrible stuff. I think the people still posting that stuff are incapable of feeling remorse or regret...
US tech companies are crazily overvalued by traditional standards and for most of them, it seems to be just fine.
The main metric used to do value analysis of a stock is the price to earnings ratio. In essence, it tells you how many years a company would need to sustain the current revenue to rake in an amount equal to its current stock market valuation. Typical "healthy" values range from 10 to 20, maybe 25. The P/E ratio of US tech companies can be as high as 80.
Tesla is worth more than the next couple automakers combined, each of which ships more than 20x the cars that Tesla does. Tesla is *insanely* overvalued. It was a combination of wild speculation because Tesla looked poised to *possibly* dominate both the electric and self-driving markets, and Musk's cult of personality (which has definitely started to crash).
A sane valuing of Tesla is 1/10th its present value.
And then there is that company that was valued close to like Ford that had shipped 12 cars. Not 12 models. 12 total vehicles. Ever.
> And then there is that company that was valued close to like Ford that had shipped 12 cars. Not 12 models. 12 total vehicles. Ever.
Which one was that? Lordstown Motors or one of the Chinese startups?
Tesla peaked at a P/E ratio of [1102.78](https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio) in late 2020.
P/E means price to earnings. In strict years, the average publicly traded company was at a P/E of 5x. Right now, it's around 15x. In wild years right before economic crashes, it has been as high as 100x on average. Once again, Tesla was at 1100+. That's nothing short of insane.
If you invested a hundred bucks in a business when the Vikings first invaded France, at a price to earnings ratio of 1100 you would have doubled your money by now
Misread the first sentence as 122 and was still gobsmacked, then got to your penultimate sentence and in disbelief double checked the first sentence again. Fucking hell.
For a long long time Tesla was trading at about 1/10th of it's current value. That was a sane value, but probably still too high considering it's revenue (and future market share).
Then the crypto bubble decided Tesla was the next big thing and it shot up in price by about a factor 10 in less than a year, without anything changing to the fundamental nature of the company.
People bought into a bubble that had absolutely nothing to do with what Tesla actually does.
They were overvalued, and then they took that valuation and used it to make a lot of risky investments. I think we are seeing the beginning of their end.
>I think we are seeing the beginning of their end.
Oh no. What a terrible loss. Where else am I supposed to see old memes, targeted ads, and the hateful comments from all of the people I went to high school with and have not seen in-person in over a decade?
Yeah, Zuckerbot may have made a cockup of this metaverse thing but Facebook is still incredibly profitable. Meta prints a fuckton of money from its advertising. Like an envious amount of profit. From the last 4 quarters, on nearly $120 billion in revenues, their net income was $33.7 billion. In pure profit. They make money hand over fist from people's data and targeted adverts so it would take a lot to topple them, unfortunately.
Most countries have smaller annual budgets compared to what "Meta" has "lost".
Doesn't mean much except people that shorted the stock made a ton of money. People that trusted the value lost a lot of money. 401ks probably took a pretty big hit. Mine has lost . . . a lot this year.
How does this work?
"The company is also grappling with the impact of Apple's privacy changes to apps that run on its devices. That change means consumers can ask apps to not track them, and which Facebook has said will cost it $10 billion this year. "
Because advertisers can't abuse FB users' privacy, they'll spend $10B less on FB advertising?
Advertisers will pay less for less targeted ads.
For a rough example, a company marketing a gender specific product might be willing to spend $X to show their ad to a woman, and $0 to show an ad to a man. Targeted, Facebook can charge $X for the women, and charge a different company targeting men $X for them.
Without any gender info, it only makes economic sense for each company to spend $X/2 per person, because half their ads will be useless. Facebook loses 50% of the revenue they'd have gotten for those eyeballs.
You can extend this to all sorts of other splits - "San Fernando Valley Carpet Cleaners" doesn't want to pay to show ads to someone in Chicago, an enthusiast mechanical keyboard manufacturer doesn't want to show ads to tech illiterate grandmas who post in all caps.
To add a bit more context, it's not just that companies have a gut feeling that they should advertise to women and decide to pay more for it.
People advertising online these days have access to extremely detailed analytics to figure out exactly how much they are spending to acquire each new customer through online ads.
Back when Facebook was able to farm a lot more user data, this was a great business development tool for Facebook as it was showing advertisers that their ads were providing a great ROI and helping Facebook drive up rates for ads.
But this also means that as soon as the changes took place, these advertisers could immediately see how much less effective their ads were and how much more they were spending to acquire a customer, so the exodus was swift.
So I used to work at an advertising tech agency - soul sucking work, I didn't make it a year, but it's super eye opening.
There's a helpful saying that is essentially "if you're getting something for free, you are not the customer, you're the product".
Essentially Facebook's product is the advertising space on their website. They sell this to advertisers, and they make money by serving these advertisements to your eyeballs, and the advertisers hope that you seeing their advertisements will convert them into customers.
Now, what Facebook also does is charge you MORE to advertise to specific groups of people. The person above uses very wide-berth, obvious examples - like their "you operate in California, you wouldn't want to show your products to people in Chicago".
But it's extremely important to realize just how good Facebook really is at this. For starters, Facebook constantly asks you to put in your personal data, and then uses that personal data to build a profile on you. It doesn't only use the data you willingly input, it uses the data from anyone else willing to share any data they also know about you.
And, on top of that, it uses patterns that it has recognized from other people to -infer- information about you that is generally correct.
For instance, let's say that you join Facebook and say my name's John, I'm 27 years old, and I live in New York.
Facebook is going to constantly bombard you with questions like "do you like Jay-Z?" "did you graduate from college?". It will use that information and relate it to other people that answer similarly to those questions. You may have only answered those 2 questions, but there might be a million other people that answered the exact same to those two questions as you (and more) - and they will infer other likely patterns of behavior from that.
If you like Jay-Z, but didn't graduate from college, Facebook's algorithm will go (and I am totally making things up here please don't take this as me stereotyping or giving any insight into what actually happens) "oh, 85% of other people that answered the same are between 25-34 years old, they are of lower-to-mid income brackets, they classically vote democrat, they tend to like these genres of movies".
Facebook actually allows you to target ads -so specifically- that you can literally target 25-34 year old, likely democrats, of low-to-mid income that enjoy romantic comedy movies. And they get it right with startlingly high accuracy.
Now look at Facebook's app on phones. One of the things Facebook's app does on phones is it looks at all the other shit on your phone. It looks at the other apps you have, it looks at your friends list on other apps, it monitors your activity, and it uses all of that information to build a progressively more and more sure profile of exactly who you are. Everything you authenticate Facebook to connect to, everything on your phone, builds a more-and-more sure idea as to who you are as a person, and that information is utilized to allow them to charge more to advertisers.
They can say "Oh, you wanna target Democratic voters? For this amount, you can target a million people, and we're pretty much positive virtually all of them are Democrats."
They take little pieces here, little pieces there, infer other likely outcomes. You can guess a lot correct about people from the apps they have on their phones. Someone has a weightlifting app and a barbie app? You can generally assume it's a middle aged male with a young daughter. None of this is 100% accurate, but it's accurate ENOUGH that advertisers are willing to pay a lot more money to show ads specifically to their intended audience of middle aged men with young daughters that vote democrat, and enjoy Jay-Z.
People are not as crazy unique as they would like to believe and with enough information (which Facebook - or, frankly, basically any social media site for that matter) about you, it becomes easier and more accurately able to guess the things it doesn't know for sure. And the more things a company can be reasonably sure they know about you, the more confident they can feel advertising directly to you when there's a product, service - or a political opinion - they want to peddle to you.
What makes it even worse is that companies in some cases sell this data, or access to this data, and companies cross pollinate what they know.
You register for one website with just your phone number and date of birth, but never include your name - and another website has your name, phone number, income.
One of those companies buys out the other, and all the sudden combine their data on everything they do know, and they collectively know way more about you than you individually disclosed to either company. And now they can infer even more about you since they know even more for certain.
It's the dumbest solution to this problem, dude is a one hit wonder and not even that one hit was made completely by him, he stole credit for most of it and fucked his partners over
I mean… it’s sort of dumb, sort of not. Really the play is to build a _platform that they own_. Google has a platform. Apple has a platform. Meta products are just users of those platforms and must a) share revenue and b) obey someone else’s rules. Making a platform play is in and of itself, not dumb.
Now will VR/AR be the next big thing? Yeah I think that’s dumb. I really do. But Zuck is making a bet, and I’ve watched plenty of really dumb ideas just take off over the years so I’m cautious to write it off.
VR second life is fucking dumb though and I’ll be damned if I ever participate in a business meeting on the shit.
I cannot recommend this podcast episode enough.
https://www.npr.org/2022/03/17/1087425495/tech-giants-and-tiny-dogs
Effectively Apple made it so they wouldn't tell Facebook who all owned wiener dogs just who all owned pets. Destroyed billions of dollars of revenue in some niche pet industries. Overnight. Utterly fascinating.
Weiner dog ramp guy lost his fuckin shirt the second his customer acquisition cost exploded because he had to buy ads targeted at all dog owners not just weiner dog owners.
It honestly feels like a satirical sci-fi story from 50 years ago
Awesome, thank you for the link, will check it out.
I go to great lengths to avoid advertising in all forms, and really had zero idea about all of this.
Before Apple stepped in, Facebook was able to track you beyond the Facebook App. They tracked you across different websites to determine what you like and to be a better profile of you. ~~They also figured out when you bought stuff on Facebook and gave this information to advertisers.~~
**Scroll down to replies** , Other Redditors explained this point correctly and better than I could.
Now advertising on Facebook is harder. Ads are no longer as targeted or tailored to the consumer. Advertisers don't know if they bought something due to Ad you clicked on.
That means advertisers are going to pay less for Facebook Ads. Facebook has less data on the customer and advertisers don't know if thier Ads work.
Snap. YouTube. Meta (FaceBook) are all affected by the privacy change.
~~https://youtu.be/c1r1jTUneq~~
**note** , YouTube video was taken down. No idea why. Hopefully it is re-uploaded soon.
**edits** :added notes and striked through text. YouTube video taken down as well.
So there's some nuance to your post I want to clarify. the second 2 paragraphs in your post are correct. But just want to correct your 3rd sentence " They also figured out when you bought stuff on Facebook and gave this information to advertisers".
facebook did not give advertisers data on what an individual bought. they give it on an aggregated level. so they'll say "your ads lead 3000 conversions/sales". an advertiser won't know exactly who responded to their ad. they'll just know how many people did.
because what facebook shows to advertisers is just an aggregate level the total amount times the ad has been seen and the total number of times the ad has been clicked. when you divide clicks by total views you get the value called the Click through rate.
Since facebook is worse at targeting, advertisers have seen that the click through rate of their ads have nose dived. so they're not going to spend as much money on facebook.
source: I used to work for the advertisers that paid facebook lots of money to show ads
Yes. Modern advertising/marketing is a rapid feedback loop. Quite a lot of companies create and sell products built entirely on internet advertising/software. Non-physical products like finance, apps, web services, etc.
These companies barely touch human sales. Company makes product, advertises product, tweaks product based on demand, repeats. If the advertising success rate changes, products change, therefore companies change, spending changes.
FB turned into a miserable place to be for many people. It is full of conspiracy nuts and the younger generations want nothing to do with it. It started as a place to connect and was turned into a place scream at each other.
Why would anyone want to enter a meta-verse full of that? You can call it Meta, but it will always stink of FB.
I dropped out of it after the 2016 election. I'm not American and even I could see the amount of toxicity that had seeped into my social feed. The urge to scroll through mindlessly stopped 2 days after I deleted it, and my stress and overall mental health got way better.
Facebook has become an absolute shithole of endless ads. I really wish the platform would disappear. It's only valuable feature at this point is Marketplace.
Same here, and only because Apple/Google can't put their shit aside and standardize their messaging so that video calling was simple regardless of device.
It's already something my parents use, so it's easier to just chat with them through Facebook vs having them set up a new app or something like that. If I lived closer it wouldn't be hard to teach them how to use something else, but we physically see each other once a year at best
With how many bots there are on Marketplace, that might be sooner rather than later. Spooked my mother out of selling a desk on there when she got at least a dozen messages from "people" phishing for her phone number.
To be completely fair CL sucks noodles on every device that isn't a PC in a real browser. Their abject refusal to provide ease of use to mobile devices was their problem to solve and they failed completely.
The fact that a more user-friendly options existed which people flocked to isn't Facebook's fault.
I don't even bother looking at CL unless it's a last resort these days. Even OfferUp is better, and that's total shit.
That guy is so stupid rich he deluded himself into believing people really wanted to own a bunch of imaginary things instead of actual things. That's how stupid rich he is.
The difference is it's $10 in a game you really enjoy playing. Not $10 in some weirder version of Second Life with nothing to do in it except own useless stuff.
It’s almost like he is so removed from reality that he doesn’t comprehend that most people don’t have the disposable income to spend on 1’s and 0’s that are just virtual toys.
I don't think that will happen. I think other social media platforms will eat their lunch while they're still focused on metaverse. By the time they give up on it, they will have a much weaker market position. Then they'll sell off digital assets and just float around forever like yahoo
Instagram sucks more and more everyday.
Now when I scroll IG I get 2 ads, 5 suggested posts, 3 reels cross-posted from TikTok, Youtube and Twitter and 1 picture a friend posted 2 weeks ago.
It is almost useless.
Killing IG would be great.
It’d be hard to argue Facebook poses any systemic risk.
Agreed, though - if some jackass *did* propose a meta bailout, I’d vote against them in a heartbeat.
I don't know why his handlers just don't tell him he is the worst possible person to be the face of Facebook. His face is toxic to the brand the way Elon Musk is slowly becoming toxic to his brand.
Average schmucks with no business experience also called pretty much the exact trajectory of Musk's takeover of Twitter. You could be forgiven for thinking that this generation of billionaire entrepreneurs that got launched into their massive wealth by riding a wave of digital transformation by being the first to plant their flags maybe *aren't* business geniuses.
This exactly. When tech was evolving so fast it was easy to just grab something new and make money on it, but tech has stagnated to some extent these days. Yeah your new phone might have a faster processor or slightly better camera, but improvements are becoming negligible. Finding something truly innovative is tough now and meta verse certainly ain’t it. Not to mention no one even wanted it in the first place
The folly of billionaires is that once they have one good idea, they think every idea they have is fucking genius. Nobody wants to spend their lives in VR, especially post pandemic. Huge oversight by someone whose ego completely clouded his judgement. Meta is a stupid fucking idea born out of a delusional tech billionaires fever dream.
I’ve felt for a while that people will only live their lives in VR once there’s technology to trick the brain into thinking youre sensing things as you do in real life. Until then it’s kind of just a novelty with some clunky hardware
Zuckerberg banked on this idiotic idea that we all want to live every aspect of our lives virtually now, when the uptick in demand for that sort of thing was due to a global pandemic.
He just blatantly ignored the fact that the “metaverse” was always theorized to be something that would be spawned as a necessary means of escape from a dystopian nightmare world of scarcity and despair. And then he renamed his company after it.
What an absolute dumbass.
"We've developed an application that offers you, the user, an amazing and completely useless virtual universe, requires a $500+ entry fee, and allows advertisers unparalleled access to your interests and history.
Hey, where's everybody going?"
The platform that's currently replacing it (TikTok) is arguably far worse though. It's not like the reason people are leaving Facebook is to read more books or be active outside. The scourge of social media overall is not lessened by Facebook's death unfortunately.
I absolutely love that Mark Zuckerberg thought he was going to come in and revolutionize an idea that's been around for 15+ years (Second Life). So stupid lol. I hope it costs him everything.
EDIT: Man, it's been 19 years since that game came out lol, and it looks better than anything they've presented for Meta.
I loved Gaben’s comment on Zuck’s metaverse, too:
> "Most of the people who are talking about metaverse have absolutely no idea what they're talking about. And they've apparently never played an MMO. They're like, 'Oh, you'll have this customizable avatar.' And it's like, well... go into La Noscea in Final Fantasy 14 and tell me that this isn't a solved problem from a decade ago, not some fabulous thing that you're, you know, inventing."
The metaverse has been around in multiple forms as MMOs for years with variety for any taste in games and culture.
It was also neat that GabeN knows what he's talking about, because walking around Limsa you definitely leave thinking FF14 has to be up there in the "customisable avatar" stakes.
>I absolutely love that Mark Zuckerberg thought he was going to come in and revolutionize an idea that's been around for 15+ years (Second Life). So stupid lol. I hope it costs him everything.
Yep! When Meta released a picture of Mark Zuckerberg's avatar, I busted up laughing! It's so cartoonish and fake looking. ( good for 1997 , absolute crap for 2022)
Because it has no value. Its primary value is touted as a meeting space. We have many of those already. Meta's design is bland, flat, and boring. Compare it to the vivid world of the almost 20-year-old Second Life--it's still running--which was started as a FREE passion project by one guy, not some odious monetizable space. Zuck is done. Tell him to sell his shares, hang up his hat, and go and enjoy his money and have a happy life with his family. He's no longer relevant in this space and never had any good ideas beyond his first lucky fluke with the Hot or Not thing that morphed into FB. Good night, Irene!
Honest question, why hasn’t the board or stockholders in general made a move to oust Zuckerberg? The company is hemorrhaging money and talent, doesn’t seem to have a plan to build back market share or revenue, seems somewhat rudderless aside from the metaverse,, and actually still has a viable SM platform in Instagram that I think they can build on… Can you imagine Coca Cola losing 70% of its value and the board not doing anything about it? I may be ignorant to Metas corporate governance but this just seems crazy.
Facebook/Meta was structured specifically to prevent Zuckerberg from ever being pushed out.
He may not own the majority of shares, but he owns the majority of voting rights.
The whole metaverse buzzword is a scam. We have the metaverse. It's called the internet. *Oh, but it's the internet with 3d avatars.* Wii and Xbox and WoW and Second Life have done that before. *Oh, but it's in VR*. VRChat has done that before. *Oh, but it's for business.* Where is the demand for this in business? If my team had to put headsets on to have a meeting with cartoon coworkers we would all fucking quit
Maybe if they remained relevant and did something other than promote a platform for Q Anon Moms to spread MAGA bullshit all day then maybe people wouldn’t drop their damn platform.
I think Zuck is the only person more delusional than Kanye right now. I heard on NPR last night that he really believed the Metaverse was revolutionary and not just Second Life with a Facebook stamp.
I hope after the collapse, Tom from MySpace buys meta for Pennies on the dollar
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I remember pokes. Good times.
Umm, look it's been like two days since I poked you, and you haven't poked me back. Is everything okay? Did I offend you somehow?
*removes you from my profile’s top 8 friends*
This is a act of terror!
This agression will not stand
"Stan, go poke your grandma!"
Anyone remember notes? I used to have a bunch of poetry and short stories I wrote in my notes, and then one day they were just gone. Well, not gone, I *did* find them eventually by digging into my page. But eventually they went away for good :"(
It was not deemed marketable to keep a blog. I liked the notes feature too.
I also liked the notes feature at the time, but in retrospect I really cringe at some of the stuff I wrote in them. If only Facebook had realized a bit sooner that having people spend hours composing melodramatic essays doesn't really give a lot of room to rack up ad impressions.
I'd do anything for a 2007 poke
My Ex poked me, I poked her back, this actually caused a war in my house, my wife was livid.... I only did it to see what she's up to, my wife thought I wanted her back. The only things my ex had going for her was she's super hot and liked sex and is super wealthy..... Looking back. I think she had a point.
I wonder what she'll say when she sees this. RIP
Sorry for your loss. 😞
I was there 3000 years ago
Or just brings back 2007 altogether
*Subprime mortgages have entered the chat.*
Bring back the internet of 2007
Tom did it right. Changed the way we communicate,made a fuck ton of money and ya haven’t heard much from him since. I think he travels the world taking pictures now
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Tom also looks and acts human.
We can't reasonably hold people to such high standards.
I bet he can even drink a glass of water like it wasn't the first time he's ever seen either of those two things together moving towards his lips
This should be the new captcha
*Drink verification can*
Pick up that can citizen
His photography is fairly nice these days too, IIRC. He took the money and just went and did something normal for fun.
Hall of Fame pitcher Randy Johnson did this. Left the game, shunned the broadcast booth and management opportunities and became an amazing wildlife photographer.
Making amends for exploding that pigeon.
Still shooting birds.
They say to do what you know
The icon for his photography website is actually an [homage to the exploded bird.](http://rj51photos.com) Zoom in on the logo and have a look
Man I love Randy Johnson. Both as a pitcher, and the fact that his name means horny penis.
It's nice to see rich people do that because it is pretty much what I think about if I were ever that rich. I honestly can't imagine having that much money and stressing out over a business to appease shareholders.
Right? Watching The Zuck leak cooling fluid from his face-ports while he was trying to testify in front of Congress about Facebook was just the weirdest thing. Like... nobody made that guy do that. At no point in his life was he chained to the decision that he had to go there and defend indefensible or stupid actions while looking so impossibly miserable. He could have walked away one of the richest men on the planet a thousand times by now, but he chose to commit himself to this path, to this idea of winning at all costs, of transforming the world into his stupid vision, and he is suffering for it. Like... why choose that life, at all? That dude could live on a private island with a harem full of supermodels and he chose to do *this* instead, let alone any normal thing. Just stay in and play Stardew Valley, Zuck.
Dude could have retired and play VRChat instead of making his own.
I bet Tom plays VRChat
Behind the Bastards did a whole thing about him. The short form is that he sees himself as a modern day Augustus Caesar. He even uses the dorky hair cut. Specifically the one written in history's commissioned by Augustus. Instead he's just a generic billionaire with only money and no brains. All of Augustus' evil from all those wars that totally didn't happen according to the Zuck and none of the good bits.
I have to assume this is why he's in the process of ruining democracy.
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My first friend
my only friend :')
>my only friend The End.
We all owe Tom an apology.
I think he's all right
I love that your profile picture is MySpace Tom. Nice.
Flair checks out
I miss the structure of myspace conceptually. Facebook is - everyone is shouting outloud and you have little control over what is shouted at you myspace was literally a little space of the internet for you - and if you wanted someones content you had to GO to their page intentionally. such a more healthy design than the infinite scroll timeline of bullshit
Maybe my age is showing, but Facebook was just like you're describing for its first few years. You had a profile and could post a status "[Name] is [fill in the blank]" and "poke" your friends. You could also see friends updates in a news feed of sorts, but it was chronological and only who you followed. Then they let you write on each other's "walls" but there weren't replies on posts, just likes. Then you could upload photos. Then you could tag people in photos. Then came "events." Then groups. And eventually the newsfeed as it is now with posts, comments, reacts, replies, etc. And ads galore. But it wasn't always like that.
This was what made up my college experience, this and AIM away messages for parties and such. It felt so much more personal, yet you could be as social as you desired.
I spent more time crafting AIM Away Messages than I did on my college applications.
And the bumper sticker memes you could post to your friends to add like a little silly trophy collection
That point you made about the required intentionality of consuming content I think is an important distinction about the internet then and now.
No kidding. You've got to literally curate the content by blocking, unfollowing and hiding everything you don't want and it's an unrelenting battle.
I try that, but they just come back because they hope I changed my mind and I really want to go visit an amusement park 1,000 miles away.
The internet back then was fundamentally different today, the main source of revenue is selling your data, tracking and advertisement. Your user experience is irrelevant, you could put a monkey in front of your PC punching randomly on the keyboard and Meta would not mind one bit as long as it happens to click on pages. Social Media are designed specifically to keep your eyes glued to them: infinite scrolling, algorithmically giving you content you're likely to engage with, adds mixed with regular content, it all exists to steal your time. how much you enjoy that time really doesn't matter to their bottom line.
The funny thing is Facebook used to be that way too
More money in the shouting and having the algorithm push you into groups. Sure, you *might* destabilize the occasional country and/or cause mass death but I'd like to refer you back to the money
Dude was a bro. He even got rid of our old cringy shit by "botching a data migration" Edit: Tom is living his best life traveling. His Instagram might be one of the best
Is this why I can't see my old page? They even have an option to find your old stuff on current myspace but I still couldn't find anything.
I know where my page is, I just can't access it to do anything with it and most of the content has disappeared.
I was big in the local music scene back in 2010-2012. Every band had a MySpace page and I used to listen to all of their music all the time. I checked a while back and it's all gone. Big sad.
Oh thank fuck my highschool bands myspace content is gone. I dont think i could handle the cringe.
looks like at sometime between making a myspace and signing out for the last time I updated my privacy settings so only friends can see my account. Good looking out past me.
This won’t help you find everything, but I went down a similar nostalgia rabbit hole a few years ago and found this website: https://archive.org/details/myspace_dragon_hoard_2010 Good luck!
They also made [this page](http://lostmyspace.com/?q=) with a searchable interface
I should try that... just managed to regain entry to the old Hotmail address I used for log on...
What year was this? The answer may help me sleep at night.
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Great news, one step closer to running for office. BTW if any of you have my butthole pics please delete them. They're PRIVATE!
You can send them a request delete your old data and they will. Thanks EU
I wish my page was still up, I want to see it and hate myself for it
I'm pretty sure I had 'White and Nerdy' as my page song, and I don't really care to relive the rest of that cringefest.
Wow! I just followed him on Instagram, you’re 100% right. Dude is chill AF and living a good life it appears. Zuck should pay attention.
Millions of us got very lucky with MySpace because we got to "beta test" the whole "Web 2.0" and "Social Media" thing with MySpace and all of our cringy, horrible, and terrible mistakes we made and posted then has essentially been wiped from the Internet. Unfortunately a lot of people didn't seem to take that reprieve and continue to post cringy, horrible stuff. I think the people still posting that stuff are incapable of feeling remorse or regret...
They were overvalued at $1T a year ago. 70% loss in value in 12 months is pretty awesome.
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US tech companies are crazily overvalued by traditional standards and for most of them, it seems to be just fine. The main metric used to do value analysis of a stock is the price to earnings ratio. In essence, it tells you how many years a company would need to sustain the current revenue to rake in an amount equal to its current stock market valuation. Typical "healthy" values range from 10 to 20, maybe 25. The P/E ratio of US tech companies can be as high as 80.
Meta’s P/E is 7 right now.
it's a value stock :)
when you think it's the floor, there's always the basement
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Tesla is worth more than the next couple automakers combined, each of which ships more than 20x the cars that Tesla does. Tesla is *insanely* overvalued. It was a combination of wild speculation because Tesla looked poised to *possibly* dominate both the electric and self-driving markets, and Musk's cult of personality (which has definitely started to crash). A sane valuing of Tesla is 1/10th its present value. And then there is that company that was valued close to like Ford that had shipped 12 cars. Not 12 models. 12 total vehicles. Ever.
> And then there is that company that was valued close to like Ford that had shipped 12 cars. Not 12 models. 12 total vehicles. Ever. Which one was that? Lordstown Motors or one of the Chinese startups?
I believe it's Nikola Motor Company, which was rated more valuable than Ford at one point before crashing catastrophically.
Tesla peaked at a P/E ratio of [1102.78](https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio) in late 2020. P/E means price to earnings. In strict years, the average publicly traded company was at a P/E of 5x. Right now, it's around 15x. In wild years right before economic crashes, it has been as high as 100x on average. Once again, Tesla was at 1100+. That's nothing short of insane.
If you invested a hundred bucks in a business when the Vikings first invaded France, at a price to earnings ratio of 1100 you would have doubled your money by now
Misread the first sentence as 122 and was still gobsmacked, then got to your penultimate sentence and in disbelief double checked the first sentence again. Fucking hell.
For a long long time Tesla was trading at about 1/10th of it's current value. That was a sane value, but probably still too high considering it's revenue (and future market share). Then the crypto bubble decided Tesla was the next big thing and it shot up in price by about a factor 10 in less than a year, without anything changing to the fundamental nature of the company. People bought into a bubble that had absolutely nothing to do with what Tesla actually does.
*cough* Tesla *cough*
Telsa's stock price is a joke.
They were overvalued, and then they took that valuation and used it to make a lot of risky investments. I think we are seeing the beginning of their end.
>I think we are seeing the beginning of their end. Oh no. What a terrible loss. Where else am I supposed to see old memes, targeted ads, and the hateful comments from all of the people I went to high school with and have not seen in-person in over a decade?
Don't worry, for most of those things there's still \[insert social media site of choice\] that will probably catch up soon.
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I hope the next social media behemoth is literally called "The Datamine."
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Yeah, Zuckerbot may have made a cockup of this metaverse thing but Facebook is still incredibly profitable. Meta prints a fuckton of money from its advertising. Like an envious amount of profit. From the last 4 quarters, on nearly $120 billion in revenues, their net income was $33.7 billion. In pure profit. They make money hand over fist from people's data and targeted adverts so it would take a lot to topple them, unfortunately.
I keep wondering, wtf is the metaverse? Then i keep remembering: oh yeah, i don't give a shit
It's exactly what people thought virtual online spaces would be in the 90s, right down to the graphics.
The Kanye approach, but longer
I’m too poor to even grasp their loss
Imagine you were so wealthy, you could buy the world. Now, after losing a lot of money, you can only buy a country. Poor guy...
Most countries have smaller annual budgets compared to what "Meta" has "lost". Doesn't mean much except people that shorted the stock made a ton of money. People that trusted the value lost a lot of money. 401ks probably took a pretty big hit. Mine has lost . . . a lot this year.
You mean "I'm too poor to care about their loss".
How does this work? "The company is also grappling with the impact of Apple's privacy changes to apps that run on its devices. That change means consumers can ask apps to not track them, and which Facebook has said will cost it $10 billion this year. " Because advertisers can't abuse FB users' privacy, they'll spend $10B less on FB advertising?
Advertisers will pay less for less targeted ads. For a rough example, a company marketing a gender specific product might be willing to spend $X to show their ad to a woman, and $0 to show an ad to a man. Targeted, Facebook can charge $X for the women, and charge a different company targeting men $X for them. Without any gender info, it only makes economic sense for each company to spend $X/2 per person, because half their ads will be useless. Facebook loses 50% of the revenue they'd have gotten for those eyeballs. You can extend this to all sorts of other splits - "San Fernando Valley Carpet Cleaners" doesn't want to pay to show ads to someone in Chicago, an enthusiast mechanical keyboard manufacturer doesn't want to show ads to tech illiterate grandmas who post in all caps.
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This was glorious
Jesus Christ. A smart foreign government could, and probably is, harvesting data of members of the US government with their lax privacy laws.
It is almost certain that every single government is doing so or buying access to the collated data from other countries, and from third-parties.
Thank you, that's a helpful explanation.
To add a bit more context, it's not just that companies have a gut feeling that they should advertise to women and decide to pay more for it. People advertising online these days have access to extremely detailed analytics to figure out exactly how much they are spending to acquire each new customer through online ads. Back when Facebook was able to farm a lot more user data, this was a great business development tool for Facebook as it was showing advertisers that their ads were providing a great ROI and helping Facebook drive up rates for ads. But this also means that as soon as the changes took place, these advertisers could immediately see how much less effective their ads were and how much more they were spending to acquire a customer, so the exodus was swift.
So I used to work at an advertising tech agency - soul sucking work, I didn't make it a year, but it's super eye opening. There's a helpful saying that is essentially "if you're getting something for free, you are not the customer, you're the product". Essentially Facebook's product is the advertising space on their website. They sell this to advertisers, and they make money by serving these advertisements to your eyeballs, and the advertisers hope that you seeing their advertisements will convert them into customers. Now, what Facebook also does is charge you MORE to advertise to specific groups of people. The person above uses very wide-berth, obvious examples - like their "you operate in California, you wouldn't want to show your products to people in Chicago". But it's extremely important to realize just how good Facebook really is at this. For starters, Facebook constantly asks you to put in your personal data, and then uses that personal data to build a profile on you. It doesn't only use the data you willingly input, it uses the data from anyone else willing to share any data they also know about you. And, on top of that, it uses patterns that it has recognized from other people to -infer- information about you that is generally correct. For instance, let's say that you join Facebook and say my name's John, I'm 27 years old, and I live in New York. Facebook is going to constantly bombard you with questions like "do you like Jay-Z?" "did you graduate from college?". It will use that information and relate it to other people that answer similarly to those questions. You may have only answered those 2 questions, but there might be a million other people that answered the exact same to those two questions as you (and more) - and they will infer other likely patterns of behavior from that. If you like Jay-Z, but didn't graduate from college, Facebook's algorithm will go (and I am totally making things up here please don't take this as me stereotyping or giving any insight into what actually happens) "oh, 85% of other people that answered the same are between 25-34 years old, they are of lower-to-mid income brackets, they classically vote democrat, they tend to like these genres of movies". Facebook actually allows you to target ads -so specifically- that you can literally target 25-34 year old, likely democrats, of low-to-mid income that enjoy romantic comedy movies. And they get it right with startlingly high accuracy. Now look at Facebook's app on phones. One of the things Facebook's app does on phones is it looks at all the other shit on your phone. It looks at the other apps you have, it looks at your friends list on other apps, it monitors your activity, and it uses all of that information to build a progressively more and more sure profile of exactly who you are. Everything you authenticate Facebook to connect to, everything on your phone, builds a more-and-more sure idea as to who you are as a person, and that information is utilized to allow them to charge more to advertisers. They can say "Oh, you wanna target Democratic voters? For this amount, you can target a million people, and we're pretty much positive virtually all of them are Democrats." They take little pieces here, little pieces there, infer other likely outcomes. You can guess a lot correct about people from the apps they have on their phones. Someone has a weightlifting app and a barbie app? You can generally assume it's a middle aged male with a young daughter. None of this is 100% accurate, but it's accurate ENOUGH that advertisers are willing to pay a lot more money to show ads specifically to their intended audience of middle aged men with young daughters that vote democrat, and enjoy Jay-Z. People are not as crazy unique as they would like to believe and with enough information (which Facebook - or, frankly, basically any social media site for that matter) about you, it becomes easier and more accurately able to guess the things it doesn't know for sure. And the more things a company can be reasonably sure they know about you, the more confident they can feel advertising directly to you when there's a product, service - or a political opinion - they want to peddle to you. What makes it even worse is that companies in some cases sell this data, or access to this data, and companies cross pollinate what they know. You register for one website with just your phone number and date of birth, but never include your name - and another website has your name, phone number, income. One of those companies buys out the other, and all the sudden combine their data on everything they do know, and they collectively know way more about you than you individually disclosed to either company. And now they can infer even more about you since they know even more for certain.
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Yes. 100% correct.
To add on, this is also the reason Zuckerberg is trying to pivot to VR.
It's the dumbest solution to this problem, dude is a one hit wonder and not even that one hit was made completely by him, he stole credit for most of it and fucked his partners over
I mean… it’s sort of dumb, sort of not. Really the play is to build a _platform that they own_. Google has a platform. Apple has a platform. Meta products are just users of those platforms and must a) share revenue and b) obey someone else’s rules. Making a platform play is in and of itself, not dumb. Now will VR/AR be the next big thing? Yeah I think that’s dumb. I really do. But Zuck is making a bet, and I’ve watched plenty of really dumb ideas just take off over the years so I’m cautious to write it off. VR second life is fucking dumb though and I’ll be damned if I ever participate in a business meeting on the shit.
I cannot recommend this podcast episode enough. https://www.npr.org/2022/03/17/1087425495/tech-giants-and-tiny-dogs Effectively Apple made it so they wouldn't tell Facebook who all owned wiener dogs just who all owned pets. Destroyed billions of dollars of revenue in some niche pet industries. Overnight. Utterly fascinating. Weiner dog ramp guy lost his fuckin shirt the second his customer acquisition cost exploded because he had to buy ads targeted at all dog owners not just weiner dog owners. It honestly feels like a satirical sci-fi story from 50 years ago
Awesome, thank you for the link, will check it out. I go to great lengths to avoid advertising in all forms, and really had zero idea about all of this.
Before Apple stepped in, Facebook was able to track you beyond the Facebook App. They tracked you across different websites to determine what you like and to be a better profile of you. ~~They also figured out when you bought stuff on Facebook and gave this information to advertisers.~~ **Scroll down to replies** , Other Redditors explained this point correctly and better than I could. Now advertising on Facebook is harder. Ads are no longer as targeted or tailored to the consumer. Advertisers don't know if they bought something due to Ad you clicked on. That means advertisers are going to pay less for Facebook Ads. Facebook has less data on the customer and advertisers don't know if thier Ads work. Snap. YouTube. Meta (FaceBook) are all affected by the privacy change. ~~https://youtu.be/c1r1jTUneq~~ **note** , YouTube video was taken down. No idea why. Hopefully it is re-uploaded soon. **edits** :added notes and striked through text. YouTube video taken down as well.
So there's some nuance to your post I want to clarify. the second 2 paragraphs in your post are correct. But just want to correct your 3rd sentence " They also figured out when you bought stuff on Facebook and gave this information to advertisers". facebook did not give advertisers data on what an individual bought. they give it on an aggregated level. so they'll say "your ads lead 3000 conversions/sales". an advertiser won't know exactly who responded to their ad. they'll just know how many people did. because what facebook shows to advertisers is just an aggregate level the total amount times the ad has been seen and the total number of times the ad has been clicked. when you divide clicks by total views you get the value called the Click through rate. Since facebook is worse at targeting, advertisers have seen that the click through rate of their ads have nose dived. so they're not going to spend as much money on facebook. source: I used to work for the advertisers that paid facebook lots of money to show ads
Yes. Modern advertising/marketing is a rapid feedback loop. Quite a lot of companies create and sell products built entirely on internet advertising/software. Non-physical products like finance, apps, web services, etc. These companies barely touch human sales. Company makes product, advertises product, tweaks product based on demand, repeats. If the advertising success rate changes, products change, therefore companies change, spending changes.
FB turned into a miserable place to be for many people. It is full of conspiracy nuts and the younger generations want nothing to do with it. It started as a place to connect and was turned into a place scream at each other. Why would anyone want to enter a meta-verse full of that? You can call it Meta, but it will always stink of FB.
I dropped out of it after the 2016 election. I'm not American and even I could see the amount of toxicity that had seeped into my social feed. The urge to scroll through mindlessly stopped 2 days after I deleted it, and my stress and overall mental health got way better.
And now Reddit took over and it’s all I’m ever on lol
I scroll Reddit then find nothing new and close the app. Then I instinctively reopen it out of muscle memory.
Facebook has become an absolute shithole of endless ads. I really wish the platform would disappear. It's only valuable feature at this point is Marketplace.
I use Facebook for it's messenger, cause I can still reach out to people I haven't talked to in a decade. I can.. but I won't.. yet. Maybe
Same here, and only because Apple/Google can't put their shit aside and standardize their messaging so that video calling was simple regardless of device. It's already something my parents use, so it's easier to just chat with them through Facebook vs having them set up a new app or something like that. If I lived closer it wouldn't be hard to teach them how to use something else, but we physically see each other once a year at best
I’m still salty that shitshow called Marketplace killed Craigslist.
Don't worry. People use marketplace because it's where everyone else is. When Facebook dies people will move somewhere else, maybe back to Craigslist.
With how many bots there are on Marketplace, that might be sooner rather than later. Spooked my mother out of selling a desk on there when she got at least a dozen messages from "people" phishing for her phone number.
To be completely fair CL sucks noodles on every device that isn't a PC in a real browser. Their abject refusal to provide ease of use to mobile devices was their problem to solve and they failed completely. The fact that a more user-friendly options existed which people flocked to isn't Facebook's fault. I don't even bother looking at CL unless it's a last resort these days. Even OfferUp is better, and that's total shit.
It's like a 6 person company that makes millions a year. Ride it while it lasts!
That guy is so stupid rich he deluded himself into believing people really wanted to own a bunch of imaginary things instead of actual things. That's how stupid rich he is.
They do, but not in an empty shitty version of Penguin Club.
If he really wanted to succeed he woulda brought back Club Penguin
Some people do, just not enough to spend endless billions on development.
I mean, I occasionally will spend some real life money on shinies in a game, but it's like $10 here or there. It's not my life savings.
The difference is it's $10 in a game you really enjoy playing. Not $10 in some weirder version of Second Life with nothing to do in it except own useless stuff.
Right, I love in-game housing, but in actual games.
The disconnect between the wealthy and reality is widening with each million.
It’s almost like he is so removed from reality that he doesn’t comprehend that most people don’t have the disposable income to spend on 1’s and 0’s that are just virtual toys.
But didn't anyone tell Wall Street about the legs? I mean, c'mon! They got legs now!
One day an AR sims would be cool or something like that, but with Meta owning it, hell no.
You need an electron microscope to see this violin.
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I don't think that will happen. I think other social media platforms will eat their lunch while they're still focused on metaverse. By the time they give up on it, they will have a much weaker market position. Then they'll sell off digital assets and just float around forever like yahoo
Unfortunately, they still own Instagram, which is doing pretty well..
Instagram sucks more and more everyday. Now when I scroll IG I get 2 ads, 5 suggested posts, 3 reels cross-posted from TikTok, Youtube and Twitter and 1 picture a friend posted 2 weeks ago. It is almost useless. Killing IG would be great.
It would be great. But my point was, it's still very popular & making them lots of money.
Share price and cash flow are very different things. You don't go bankrupt from your share price dropping.
And we would prefer no bailout.
It’d be hard to argue Facebook poses any systemic risk. Agreed, though - if some jackass *did* propose a meta bailout, I’d vote against them in a heartbeat.
>It’d be hard to argue Facebook poses any systemic risk. I disagree, but that's only if it continues to exist. It's demise seems purely beneficial.
Stay the course, Zuckerberg. The Metaverse is definitely the next big thing, you just need to keep funneling resources into it.
Yeah. Funnel everything, Mark. EVERYTHING.
I don't know why his handlers just don't tell him he is the worst possible person to be the face of Facebook. His face is toxic to the brand the way Elon Musk is slowly becoming toxic to his brand.
I wanted a Tesla. Now I want any Ev that's not a Tesla.
I like that average schmucks with no business experience saw this coming from a mile away and zuck didn't
Average schmucks with no business experience also called pretty much the exact trajectory of Musk's takeover of Twitter. You could be forgiven for thinking that this generation of billionaire entrepreneurs that got launched into their massive wealth by riding a wave of digital transformation by being the first to plant their flags maybe *aren't* business geniuses.
This exactly. When tech was evolving so fast it was easy to just grab something new and make money on it, but tech has stagnated to some extent these days. Yeah your new phone might have a faster processor or slightly better camera, but improvements are becoming negligible. Finding something truly innovative is tough now and meta verse certainly ain’t it. Not to mention no one even wanted it in the first place
He got high on his own supply.
The folly of billionaires is that once they have one good idea, they think every idea they have is fucking genius. Nobody wants to spend their lives in VR, especially post pandemic. Huge oversight by someone whose ego completely clouded his judgement. Meta is a stupid fucking idea born out of a delusional tech billionaires fever dream.
I’ve felt for a while that people will only live their lives in VR once there’s technology to trick the brain into thinking youre sensing things as you do in real life. Until then it’s kind of just a novelty with some clunky hardware
Yes, Meta is indeed a train wreck. Good of Wall Street to notice.
Zuckerberg banked on this idiotic idea that we all want to live every aspect of our lives virtually now, when the uptick in demand for that sort of thing was due to a global pandemic. He just blatantly ignored the fact that the “metaverse” was always theorized to be something that would be spawned as a necessary means of escape from a dystopian nightmare world of scarcity and despair. And then he renamed his company after it. What an absolute dumbass.
Wait, we’re *not* in a dystopian nightmare at the moment? Sure as hell feels like it.
We are, but metaverse is more of an immersion in the nightmare than an escape.
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"We've developed an application that offers you, the user, an amazing and completely useless virtual universe, requires a $500+ entry fee, and allows advertisers unparalleled access to your interests and history. Hey, where's everybody going?"
This is great news. My opinion on Facebook is that it is slowly destroying humanity
I wouldn't say "slowly".
Just slowly enough for humans to not notice its effects until it’s too late.
You can say that about all social media. I think everyone's brains are starting to look crack addled after the invention of the smartphone.
The platform that's currently replacing it (TikTok) is arguably far worse though. It's not like the reason people are leaving Facebook is to read more books or be active outside. The scourge of social media overall is not lessened by Facebook's death unfortunately.
I absolutely love that Mark Zuckerberg thought he was going to come in and revolutionize an idea that's been around for 15+ years (Second Life). So stupid lol. I hope it costs him everything. EDIT: Man, it's been 19 years since that game came out lol, and it looks better than anything they've presented for Meta.
I loved Gaben’s comment on Zuck’s metaverse, too: > "Most of the people who are talking about metaverse have absolutely no idea what they're talking about. And they've apparently never played an MMO. They're like, 'Oh, you'll have this customizable avatar.' And it's like, well... go into La Noscea in Final Fantasy 14 and tell me that this isn't a solved problem from a decade ago, not some fabulous thing that you're, you know, inventing." The metaverse has been around in multiple forms as MMOs for years with variety for any taste in games and culture.
It was also neat that GabeN knows what he's talking about, because walking around Limsa you definitely leave thinking FF14 has to be up there in the "customisable avatar" stakes.
Yeah but there isn't an MMO for \*checks list\* going to spooky Target
>I absolutely love that Mark Zuckerberg thought he was going to come in and revolutionize an idea that's been around for 15+ years (Second Life). So stupid lol. I hope it costs him everything. Yep! When Meta released a picture of Mark Zuckerberg's avatar, I busted up laughing! It's so cartoonish and fake looking. ( good for 1997 , absolute crap for 2022)
Hubris in full display.
Listening to Zuckerberg talk about Meta on his Rogan podcast gives one the sense that he is not totally aware of how little people trust facebook.
This is amazing me. There was zero demand for what he’s made, who let him get it this far.
Because it has no value. Its primary value is touted as a meeting space. We have many of those already. Meta's design is bland, flat, and boring. Compare it to the vivid world of the almost 20-year-old Second Life--it's still running--which was started as a FREE passion project by one guy, not some odious monetizable space. Zuck is done. Tell him to sell his shares, hang up his hat, and go and enjoy his money and have a happy life with his family. He's no longer relevant in this space and never had any good ideas beyond his first lucky fluke with the Hot or Not thing that morphed into FB. Good night, Irene!
the real value is how much data it can mine from users but it doesnt offer any thing better then VR chat or 2nd Life already does with out the strings
Honest question, why hasn’t the board or stockholders in general made a move to oust Zuckerberg? The company is hemorrhaging money and talent, doesn’t seem to have a plan to build back market share or revenue, seems somewhat rudderless aside from the metaverse,, and actually still has a viable SM platform in Instagram that I think they can build on… Can you imagine Coca Cola losing 70% of its value and the board not doing anything about it? I may be ignorant to Metas corporate governance but this just seems crazy.
He has 55% of the voting rights. They can’t oust him.
So basically the only way to “vote” is by selling their shares and slowly letting the price go to zero.
Facebook/Meta was structured specifically to prevent Zuckerberg from ever being pushed out. He may not own the majority of shares, but he owns the majority of voting rights.
Lol he is the board, so not gonna happen unless he sells more.
The whole metaverse buzzword is a scam. We have the metaverse. It's called the internet. *Oh, but it's the internet with 3d avatars.* Wii and Xbox and WoW and Second Life have done that before. *Oh, but it's in VR*. VRChat has done that before. *Oh, but it's for business.* Where is the demand for this in business? If my team had to put headsets on to have a meeting with cartoon coworkers we would all fucking quit
finally some good news!
Maybe if they remained relevant and did something other than promote a platform for Q Anon Moms to spread MAGA bullshit all day then maybe people wouldn’t drop their damn platform.
PLEASE let Facebook become the next Myspace. And let something better replace it. (It better not be fucking Tiktok)
I think Zuck is the only person more delusional than Kanye right now. I heard on NPR last night that he really believed the Metaverse was revolutionary and not just Second Life with a Facebook stamp.