Posted by domhudson 2 hours ago
> How many Tesla's investors have managed to cash out and how many of Facebook's advertisers managed to turn a profit?
It me. That said, I didn't buy TSLA because I was expecting to cash out a few years later when he started acting like a threat to democracy and his own judicial system; when I bought it I thought they had a good business model and I thought they were undervalued.
Now they're overvalued, have lots of visible competitors eating their lunch.
Worse, even if they succeed, given Musk has yet to pay out dividends on that stock and also enough control over the board to give him as many shares as he wants, I think even success would render the stock monopoly money.
If you think Meta is bad now, just wait until Zuck is replaced by a soulless, profit-obsessed corporate CEO whose primary job is maximizing shareholder profit. Meta as a company can get far worse.
People should really be careful what they wish for.
It was always burning since the world's been turning
Interestingly I did learn of a niche which is completely unserved except by Meta recently: child-locked messaging apps.
Messenger for Kids basically does everything you want it to - restricted functionality, restricted contact lists etc. I won't use it, but I only found out about it because I was hoping someone had built a Signal client which did exactly that.
So I have to assume it's dead
So nah, most don't. I know some do, but the main socialisation isn't happening there.
In the US: 25–34 years: Around 25.7% to 25.9% (the largest single demographic group).
I’d be happy to see Meta gone altogether, but unless I missed the memo, Meta isn’t particularly upset about what it’s been up to (beyond bland press releases).