I can‘t help but wonder what goes on inside of the upper management of these big companies, and why nobody ever stops for a moment to think about whether what they are up to does any good for the end users beyond making more money.
But then again, this is very on brand for Meta/Zuck, so I‘m not surprised.
Zuck has not accountability and total veto powers at the board level. If this was some other CEO making so many mistakes starting with the brain dead Metaverse, they would have been either fired or investigated for fraud. At Meta only the low level engineers are held accountable.
He wants to collect and profit from insider info by joining in on the newest unregulated gambling scheme. I'm sure plenty of cheaters and suckers will be happy to make him more money.
I've always felt that Mark Zuckerberg got lucky with Facebook and that he has no real lasting talent as a technologist or visionary. He seems to attempt to chase the latest "it" thing and has very few original ideas that actual stick long-term. He's quite the charlatan.
So many baby boomers are about to lose their savings. Meta knows their bread is buttered by the 55+ age group and capitalizing on the vulnerable social media addicted elders will be extremely profitable.
They even call it "Arena". The place where gladiators kill each other, lions eat christans , criminals are exectuted brutally and animals are hunted. What an apt name chosen by the most moral company of our times.
I wonder how/if they'll use AI for this. maybe this would give them access to some very highquality pretrain data (like who made which bet on what at what time), which I can definitely imagine them needing. I've heard they have a lot of spare compute they run experiments on, and if this goes well for them maybe they could make a really good prediction bot
This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.
Facebook leadership is essentially a cat reacting to a laser pointer. There seems to be no shiny object they won't chase. Their own C-Suite admit their latest reorganization is a disaster. Their "all in" on virtual worlds was a disaster. Their billion dollar AI guru purchase was a disaster. Their influencer heavy connected glasses will be a disaster.
There is no leadership here. However, you can be sure when the next round of layoffs happen, there will be no "mea culpa" from the C-Suite, lots of golden parachutes and the unemployed will be the cogs in their wheel.
They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.
This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.
The fact that someone has billions of dollars and still chooses to spend 40-60 hours/week going to the office to work on Facebook seems psychotic. He can do practically anything he wants, and he chooses to work on Facebook. It’s mind bending.
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[ 3.5 ms ] story [ 73.6 ms ] threadKalshi: "Trade the Future."
Meta Arena: "They 'trust me.' Dumb f^^ks."
But then again, this is very on brand for Meta/Zuck, so I‘m not surprised.
Facebook gave life to communities where people draw identity and social belonging from a screen
It only makes sense to continue bearing down into that simulacra
Dating
Cryptocurrency
AR/VR
AI
Gambling <— Zuck is here
This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.
There is no leadership here. However, you can be sure when the next round of layoffs happen, there will be no "mea culpa" from the C-Suite, lots of golden parachutes and the unemployed will be the cogs in their wheel.
They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.
Dating
Cryptocurrency
AR/VR
AI
Gambling <— Zuck is here
This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.
https://www.mmamania.com/ufc-mma-rankings/452601/ufc-finally...