Despite having almost nothing to show from his enormous spending on AI, Meta CEO Mark Zuckerberg is doubling down.
  • Almacca@aussie.zoneEnglish
    34·
    6 hours ago

    Never interrupt your enemy while he’s making a mistake.

    Keep it up, Mark. You’re doing great.

  • hypno@lemmy.dbzer0.comEnglish
    11·
    5 hours ago

    I hope that the whole facebook downfall and the inevitable enshitification of other facebook servies like instagram und whatsapp only accelerates the adoption of better alternatives, we’ll see if people are actually willing to leave whatsapp if its gotten bad enough

    • youmaynotknow@lemmy.zipEnglish
      1·
      6 minutes ago

      I hope so too, but I’m not holding my breath. People keep showing that critical thinking is an old paradigm that most of humanity is unwilling to interact with. In short, not happening! 🤣

  • HC4L@lemmy.worldEnglish
    111·
    6 hours ago

    I believe a lot of these people had the right idea at the right time but are by no means a good judge for these kinds of things. And should not in the least bit believe everything they touch turns to gold. You were FaceBook, you did good once. Enjoy your money and just stop.

    • best_redditor@leminal.spaceEnglish
      1·
      1 hour ago

      greed by money can lead to infinity of chase happiness that they will never touch repeat the cycle until major diversion (usually lose everything) also you are correct as altman was going to be fired by cofounders for his malice had the timing didn’t hit it’s worst causing employees to almost leave to microsoft had they didn’t hire him and fired themself and you know why did empolyees were doing this because they were gonna lose money that was tied to altman which is gonna be their biggest mistake cause in exchange of temporary wealth they sold themself and everyone into a resession making there wealth from $ to 0

    • fodor@lemmy.zipEnglish
      7·
      5 hours ago

      Who, Mark? He wrote a creepy stalker website a few dozen years ago. Congrats?

  • late_pessimistic@slrpnk.netEnglish
    39·
    12 hours ago

    Becoming a billionaire really does seem to get to people’s heads, the younger the billionaire the worse.

    Zuck is being completely reckless, burning through hundreds of billions of dollars hopping on every futuristic idea, and doesn’t listen to anyone’s fair criticism anymore.

    He probably even thinks he is some great visionary and everyone else is holding him back, and that’s why they work for him, not the opposite.

    In a sane socioeconomic system we wouldn’t people get this rich and powerful for their own good, especially young people.

  • BarneyPiccolo@lemmy.todayEnglish
    11·
    15 hours ago

    At least he didn’t have to spend all that money on higher salaries. How you boys liking the rocket game? I’m thinking about blowing a few dozen billion on that, just as a hobby. Not trying to make money off it.

    • Aceticon@lemmy.dbzer0.comEnglish
      5·
      8 hours ago

      The current Economic structure is designed so that the thing that makes the most Money is having Money and tilted so that the more the Money the bigger the effect.

      This is why, for example, many if not most countries have higher taxes on income from work than on income from dividends.

      It’s not by chance that Social Mobility has collapsed to pretty much non-existence in most of the World, especially the US (were the saying “You can be anything” actually used to be true, but not anymore, not even close) - the Economy is so extremelly rigged for Money to make Money that the dumbest, laziest, most inept rich kid will keep on getting richer their whole lives no matter how much they fuck up.

    • matlag@sh.itjust.worksEnglish
      18·
      17 hours ago

      Tells you a lot about success and merit. He has absolutely no fucking clue what’s going to be successful and what won’t. He was just super lucky with Facebook.

      The reason he’s a billionaire is because the system is totally fucked up. He’s a bug, not a feature.

    • Tja@programming.devEnglish
      26·
      20 hours ago

      It’s what happens when you own a controlling share of the company. You can freely run it into the ground.

  • flop_leash_973@lemmy.worldEnglish
    42·
    20 hours ago

    Outside of Facebook what has he been responsible for that didn’t blow up in his face? The only other things Meta has that aren’t thus far miserable failures are Instagram and Whatsapp, both of which they bought.

    • merc@sh.itjust.worksEnglish
      11·
      9 hours ago

      And Google built a search engine. Everything else they’ve tried to build has failed, other than maybe Gmail which was just a Yahoo Mail / Hotmail clone. Everything else that has been successful has been an acquisition: Maps (Keyhole), YouTube, Android, Google Photos (Picasa), Doubleclick…

      We really need robust antitrust. How many of these acquisitions would be thriving companies in their own right, competing with the big tech giants if the tech giants hadn’t been able to absorb them.

      Google+ is an example of what happens when companies have to compete instead of acquiring other companies. Google poured billions into it and it flopped completely.

      • kestrel7_7@lemmy.worldEnglish
        1·
        1 hour ago

        IMO it’s almost worse than if G+ flopped completely. Google+ was actually awesome for the specific world of smalltime pen and paper RPGs. But of course, that one creative community of people designing & publishing cool stuff wasn’t enough to justify its cost, or challenge Facebook for supremacy, so they pulled the plug even though plenty of people were still using it. Just a waste.

        • merc@sh.itjust.worksEnglish
          1·
          50 minutes ago

          If it takes multiple billions of dollars to create a product that is useful for a niche group of pen and paper RPG players, that product is probably not going to succeed.

          But, also, if Facebook didn’t have such an unassailable monopoly on social networking, small, focused social networks that targeted a niche group of people might have a chance of surviving.