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[–] 227 points 3 months ago (15 children)

You mean, just like his pivot to VR?

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  • [–] 163 points 3 months ago (12 children)

    Exactly. Zuck stole the original idea to Facebook. Then bought a ton of companies after that for innovation. He has no good ideas of his own, when he does think of stuff, they are wild big company pivots that fail.

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  • [–] 105 points 3 months ago (3 children)

    Zuck has never had an original idea in his head, ever. His initial claim to fame, prior to FB, at least on college campus' was making a "hot or not" clone utilizing photos from various Harvard facebooks. Every idea since then has been someone elses or he's tried to take the Apple approach of "let someone else do it first, then we improve on it" except he has never been able to nail down the second part. The only reason FB became successful was the initial exclusivity and it filled the gap of a post 20-something myspace/ICQ/AOL IM world.

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  • [–] 5 points 3 months ago (2 children)

    At the time the idea was super innovative and it was fun to see your classmate’s photos.

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  • [–] 61 points 3 months ago (7 children)

    I absolutely agree with you but I think that take is a bit short-sighted and undercuts just how evil this stuff is.

    Tom Nicholas did a Youtube video on the metaverse a while back (oh my god it was 4 years ago, https://www.youtube.com/watch?v=TM00M-dRMBk) and it's been stuck in my head ever since. The pivot towards VR was an attempt to get even deeper ahold of our attention and what better way to do that than with goggles that are constantly in front of our eyes? The same with AI as it attempts to insert itself as a substrate layer of all technologies, and again with the smart glasses.

    It's easy to dismiss these efforts as hilariously misguided but they're not. They're extremely calculated and he only needs it to pay off once to make everything worth it, and I think there are others that realize this as well. We just gotta keep praying that these efforts burn him out before they strike it big. I'm neither a praying nor gambling man, but praying is all we got right now to stand in his way and I wouldn't put money on the certainty of Facebook's failures ...

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  • [–] 33 points 3 months ago (2 children)

    It’s easy to dismiss these efforts as hilariously misguided but they’re not. They’re extremely calculated and he only needs it to pay off once to make everything worth it

    Fortunately there seems to be a limit as far as what people are willing to tolerate. While I agree these moves are extremely calculated, they're being calculated by people who are almost completely disconnected from reality and whose egos cloud their judgment at every turn

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  • They’re extremely calculated and he only needs it to pay off once to make everything worth it

    Yes, someone else who's actually intelligent will do those things but zuckerberg himself is a talentless bastard who won't be able to execute those ideas.

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  • [–] 83 points 3 months ago* (1 child)

    His is such a bad company but so poorly run by its dictator. He can't be ousted as he holds majority shares. It'd be funny as hell if it wasn't facilitating the progression of the end of our world. Dumping billions that could be used to feed and support people in need. Instead we got the metaverse and datacenters on every corner.

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  • [–] 76 points 3 months ago (16 children)

    Has he picked a single winner since he stole the idea for facebook?

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  • [–] 46 points 3 months ago (10 children)

    Probably only when he bought out Instagram and Whatsapp, that's all I can think of

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  • [–] 50 points 3 months ago (3 children)

    Those were already popular before he bought them, and then he made them worse.

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  • [–] 1 point 3 months ago (2 children)

    I feel like Oculus improved under them, but yeah - an exception proves the rule.

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  • [–] 9 points 3 months ago (1 child)

    I don't know if "improved" is as accurate as "accelerated" in that case. Oculus was already doing cool stuff they just needed the resources to really get going, and now Meta is all up in it so the service kinda blows.

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  • [–] 2 points 3 months ago (3 children)

    I thought he actually stole the source code, not just the idea.

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  • [–] 1 point 3 months ago* (2 children)

    How on earth can you steal the working thing but not the idea? I mean if it was your idea.

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  • [–] 70 points 3 months ago (7 children)

    This video on how much of the debt these companies hold is hidden from their balance sheets is chilling. According to this, Meta "officially" owes $151B, but in reality has debt obligations closer to $572B.

    That's over 40% of Meta's entire market capitalization, and they're rapidly adding to that debt. Meta's existing properties are losing users, and there's just no fucking way they'll be able to pay back this debt in the long term, because they have zero hope of deriving income from all this data center investment. At some point, BlackRock and the other private equity firms Meta owes money to are going to come looking for blood

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  • [–] 21 points 3 months ago (2 children)

    I guess they’re waiting for Peter Thiel to save them, again, when he turns the data centers into data lakes for palantir and we go full surveillance state. I do believe there is some end game these tech billionaires believe is on the horizon that we aren’t really privy to, it’s just a matter of them making it come to fruition before reality crashes down on their heads. Bankrupting them faster through boycotts is a good way the average person can help speed up reality and slow down their progress.

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  • [–] 13 points 3 months ago*

    Ugh. I'm so sorry and angry every time I think on this...

    ...Full surveillance state. I do believe there is some end game these tech...on the horizon...matter of them making it come to fruition before reality crashes down on their heads...

    We should bankrupt them faster because it's what they deserve, and the progress needs to be slowed at all costs.

    But the reasons why all this is unfolding? Very clear to see, and you even referenced them without really pausing to consider.

    Fascism isn't stupider this time around (in so far as being beyond the already astronomical stupidity required to believe it's a solution to fucking anything).

    It's desperate. They didn't pivot away from their little spaceship dreams and into AI because it's more profitable. They don't care to come ahead in an economically sound world.

    I'm sorry. Time has ran out on the climate and our biosphere, as far as them retaining the properties that allowed us the 'Modern World'.

    There is no longer an avenue that averts widespread desolation, and they've known it all along because they don't actually all ignore scientific consensus, they just pay for the masses to ignore it.

    It's going to be a gnarly and awful time, but humans aren't wired to just give up and die.

    Hence the total surveillance state. Hence the mass casual cruelty with mass deaths. Hence the persecution of anyone who might oppose or see through it.

    The world as we know it will be reduced to ashes, in our lifetimes, and we'll have to scramble to do whatever our species will do just to barely persist in some form, as that is just what we do.

    They dream of a techno feudalist dreamscape where each little Dragon has their manageable fiefdom composed of a diminished and controllable populace to continue to carry out their self-aggrandizing whims. They can burn all of the economy now, because they're trying to trade it for straight power.

    Joke's on them, they'll die by the masses too, and those that don't, will die by the masses. It's not that hard for thousands of angry and with nothing to lose people to go after them.

    Their dream of Autonomous Weapon guardians is as laughable as the rest of the stupidity they've attempted and failed at throughout the years: It will be as imperfect a solution to what they're attempting as anything else they've ever done.

    But we collectively let them have control of the playground while it was fresh and clean, so now we gotta deal with their bullshit king of the hill fantasies and the results of their evil stupidity.

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  • [–] 2 points 3 months ago

    I do believe there is some end game these tech billionaires believe is on the horizon

    I think it's just a variant of the standard republican "Reagan proved that deficits don't matter". They think financial wealth is something they can just create out of thin air using AI (the way that government creates wealth out of thin air by printing money, allegedly), so as long as they acquire the data centers to fuel it, by whatever means necessary, they'll be all right in the end.

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  • [–] 10 points 3 months ago (3 children)

    They are all going into debt over datacenters. Google issued new shares... how? why? They all make so much money and still they can't cashflow this expansion.

    What blood will there be to take?

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  • [–] 4 points 3 months ago (2 children)

    It’s all saturated and nobody really needs anything new anymore. There’s nowhere to go. We should expect to see some of these firms suddenly collapse like Silicon Valley Bank did.

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  • [–] 6 points 3 months ago (1 child)

    Cynically though... they've been peddling nothing for two decades now. Big data, the cloud, SAAS, web 3.0, metaverse, nfts, llms, there's always a new nothing born.

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  • [–] 68 points 3 months ago (3 children)

    amazing how many missteps you can make as a ceo these days without consequences...

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  • [–] 17 points 3 months 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.

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  • [–] 6 points 3 months 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.

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  • [–] 54 points 3 months ago (1 child)

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

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

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  • [–] 47 points 3 months ago (7 children)

    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.

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  • [–] 4 points 3 months ago (3 children)

    But it is better he spends the money than hoarding it.

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  • [–] 44 points 3 months ago (2 children)

    Marky Zuckerberg may run Meta into the ground however the fucker will still be rich.

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  • [–] 44 points 3 months ago* (10 children)

    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.

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  • [–] 14 points 3 months ago (3 children)

    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.

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  • [–] 1 point 3 months ago (1 child)

    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.

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  • [–] 1 point 3 months 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.

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  • [–] 10 points 3 months ago (4 children)

    Oculus perhaps, although also bought

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  • [–] 6 points 3 months ago (2 children)

    What is the state of VR? Still super niche?

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  • [–] 39 points 3 months ago (3 children)

    I recently saw a video of Zuckerberg being interviewed by Theo Von and I honestly thought it was AI slop at first. The way he sits, talks, even moves his head it's like he's constantly under interrogation. It's like some PR manager spent a couple days with him teaching him how to act and the dude took it way too literally.

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  • [–] 37 points 3 months ago (2 children)

    Destroying civilization, and destroying shareholder value.

    What is his actual function?

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  • [–] 33 points 3 months ago (3 children)

    Well at least he has that thing he named the company after to fall back on, right?

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  • [–] 28 points 3 months ago
    [–] 24 points 3 months ago (3 children)

    If you are still actively using Facebook you are either over 40 or live in a rural area of the country. As an example, I live in a small rural town of less than 4000 people everybody still uses Facebook and the amount of AI that they are liking sharing commenting on is absurd.

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  • [–] 11 points 3 months ago (2 children)
  • [–] 3 points 3 months ago (1 child)

    In all honesty everyone of all ages here use Facebook religiously it’s kinda impressive. As an example, I have a coworker who is five years older than me. We were talking about old music from the 90s and I told him to look up a YouTube channel of old 90s rock music and he looked at me confused and said “what is YouTube?” I gave him a basic rundown of what YouTube is and his response was it sounds like woke bullshit. If it’s not on Facebook, I’m not watching it as far as I know that is his only connection to the outside world other than basic cable.

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  • [–] 24 points 3 months ago

    Couldn't have happened to a more deserving bot.

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  • [–] 24 points 3 months ago (2 children)

    Steals an idea to get rich. Buys companies to produce ideas for him but still fails somehow. Gets called innovative genius because he has lots of money? I guess all he is that he was opportunistic and was able to realize a good idea (perhaps by chance) a long time ago and stole it. Now he is constantly failing on choosing good ideas but because he is stinking rich he is somehow able to keep himself afloat.

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  • [–] 23 points 3 months ago

    And yet again, Zuck walks away from a mountain of burning money without a scratch on him. 😡

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  • [–] 20 points 3 months ago

    I'm wishing for more murderous things to blow up in his face.

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  • [–] 20 points 3 months ago (5 children)

    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

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  • [–] 1 point 3 months ago (1 child)

    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! 🤣

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  • [–] 2 points 3 months ago*

    critical thinking is an old paradigm that most of humanity is unwilling to interact with

    Critical thinking is a mechanism for digesting large amounts of information over time, in order to make informed policy decisions.

    If you don't have useful information, you don't have spare time, and you don't have any actual input into policy, it lacks value.

    I see folks consistently trying to make this an individualist problem. "I figured it out because I think critical! You didn't because you're a dumb-dumb!"

    But more often than not, it's two people talking past each other, working off different bodies of data (of debatable quality) that they've incompletely digested. And then all they know how to do with their conclusions is yell "You're an idiot!" at people who disagree.

    How do you reach large numbers of people to form a consensus? How do you collaborate with them towards a tangible benefit?

    Curiously enough, Facebook used to provide a mechanism for this purpose. And the fact that it doesn't anymore - that it is largely a trap for weak, confused, vulnerable people to scream at one another while they get scammed - speaks more to the profit engine of the service than the core competency of any of its members

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  • [–] 1 point 3 months ago (2 children)

    When you say better alternatives I suspect you do not mean a better town square?

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