It's pretty common for one hit wonder billionares to fail time and time again.It is amazing to me how Facebook is still in Too Big To Fail land...in spite of their loser CEO not having a successful launch of a product since...well...we became Dictator in Chief of that company. He has almost as much of a Tony Soprano Touch as Trump does...except people keep handing Zuck mountains of money to just ineffectually set on fire, in spite of that.
Maybe that’s where Microsoft’s Recall can find a home! In the sweat shops of the West.Some employees have also protested company plans to install tracking software that would capture their computer usage in order to train AI models. Meta on Tuesday told staff in a memo, seen by the FT, that it would roll back parts of the plan following the backlash.
In fact, they're usually dumber. If you look at most billionaires the only thing separating them from you and me is that they had access to wealth. Because of that wealth safety net, they can try and fail repeatedly until they hit on something that works. The average person starting a business has only 1 shot, while billionaires usually start wealthy so can try multiple times to hit it big.It's pretty common for one hit wonder billionares to fail time and time again.
It's because they were lucky and in the right place at the right time.
They're not smarter than you or me. They have no great insight other than what they can glean from their business, That's why when they try other adventures, they fail.
The Wealth Cushion gives them access to innumerable resources to navigate failure. Bankers, attorneys and accountants to name a few on the inside, and consultants for specialized expertise and external events.They're not smarter than you or me. They have no great insight other than what they can glean from their business, That's why when they try other adventures, they fail.
It's actually worse than that. Yes, most of them were lucky to be in the right place and time with pre-existng wealth.It's pretty common for one hit wonder billionares to fail time and time again.
It's because they were lucky and in the right place at the right time.
They're not smarter than you or me. They have no great insight other than what they can glean from their business, That's why when they try other adventures, they fail.
I read a good analogy for this once.In fact, they're usually dumber. If you look at most billionaires the only thing separating them from you and me is that they had access to wealth. Because of that wealth safety net, they can try and fail repeatedly until they hit on something that works. The average person starting a business has only 1 shot, while billionaires usually start wealthy so can try multiple times to hit it big.
I don't think they understand it either. Buddy of mine works at a new meta datacenter. It's empty. And they won't have stuff for 6-12 months. The more he talks about it the more I get the feeling that they are just winging it.Out of all of the bullshit genAI boondoggles out there, I understand Meta’s the least. Does anyone really think a few percentage points in ad conversions is worth hundreds of billions? If not that, what? We truly live in the idiotic time of lemmings.
Exactly. It's true even for "self-made" billionaires like Taylor Swift who aren't terribly exploiting huge numbers of people. Her parents were wealthy enough to afford to move the entire family to Nashville to let her pursue a music career. Parent's can't afford to move to Nashville on the long shot chance their daughter gets picked and have to keep working the jobs they have? No Taylor Swift music star.I read a good analogy for this once.
"It's like taking a shot at a carnival game. Most people can afford one shot. The rich just keep trying until they win, not matter how bad they are at it. The super wealthy own the carnival. The poor are working the carnival and don't get to play at all."
All the tech companies are wild about AGI. Will a computer program be able to achieve the intelligence of an average human?They could show that they're serious in their attempt to catch up by firing the moron who wasted billions of dollars and a few years on trying to make the Metaverse becoming a thing. What? No? That isn't a sacking matter? But doing a job that can be done 60% as well by AI, until it fucks up, is? OK.
It’s worse than just better ads. Meta insists on putting AI places it doesn’t belong. For example, I was trying to find an old text in WhatsApp and it truncated the previous messages and told me AI could summarize them for me. I don’t want or need an AI summary, I need the texting app to remember the text.Out of all of the bullshit genAI boondoggles out there, I understand Meta’s the least. Does anyone really think a few percentage points in ad conversions is worth hundreds of billions? If not that, what? We truly live in the idiotic time of lemmings.
Just becoming a highly-paid professional requires some serious luck on the opportunities handed to you and how you pursue them. Just for me to become a senior software developer, my parents needed to get me on ADHD treatment, put me into good school systems, and saved up a college fund for me; while I got lucky figuring out that I wanted to program in middle & high-school, turned out to be (relatively) really good at it, carried that through college, and got a really good job at the end of it.Exactly. It's true even for "self-made" billionaires like Taylor Swift who aren't terribly exploiting huge numbers of people. Her parents were wealthy enough to afford to move the entire family to Nashville to let her pursue a music career. Parent's can't afford to move to Nashville on the long shot chance their daughter gets picked and have to keep working the jobs they have? No Taylor Swift music star.
Tom from MySpace calling in from his yacht off a sunny beach.It's actually worse than that. Yes, most of them were lucky to be in the right place and time with pre-existng wealth.
But you or I would never have developed something like Facebook anyway because building an empire on data mining and manipulating millions of people for greed would simply not occur to us.
They got lucky, but you also have to be a psychopath to do what they do, and amass that wealth without getting to a point where you just start giving it all back. When your entire family has everything a human could ever want, and will do so forever, how do you keep piling up money you'll never spend knowing people are suffering? How do you increase that suffering on purpose for more dollars that mean nothing to you?
Consider that anyone of them could use their money to become a hero of the human race, remembered forever. They could end world hunger, eradicate disease, cure cancer with that wealth. But even that isn't enough to overcome their need for more and more gold. These people are fucking monstrous.
Sealed forever inside his compound?May Meta perish quickly, and may Mark suffer a painful, lingering fate.
Friend to everybody.Tom from MySpace calling in from his yacht off a sunny beach.
Made product, sold it early for hundred of millions, retired, never hear from him any more.
The ideal Tech Bro.
They might count on him being the least scrupulous to multiply their investment dollars ANY way possible?I'm curious if/how facebook intends to deal with the question of why you would go with them.
Of all the 'AI' outfits they seem like the one with the least obvious messaging in terms of why you would possibly want to touch their offering rather than one of the others.
You've got anthropic and openai that at least present themselves as being relatively application-agnostic purveyors to anyone who is buying. Then you've got outfits like salesforce and MS who emphasize that their bot is at least at parity with the other bots; and is already wired up for purposes of CRM and guzzling stuff from sharepoint, respectively.
But facebook? Zuck has some dystopian parasocial hellscape use cases for which facebook itself is the customer; but what's the external offering and why would external parties go with it?
Metas ad revenue in 2025 was 196.2B. A five percent uptick over ten years is literally worth a hundred billion.Out of all of the bullshit genAI boondoggles out there, I understand Meta’s the least. Does anyone really think a few percentage points in ad conversions is worth hundreds of billions? If not that, what? We truly live in the idiotic time of lemmings.
The first journalist that actually gets some numbers out of CZI and shows the public just how much of the Chan Zuckerberg Institute was only about building security and insulation for Mark and Priscilla‘s compounds will win a Pulitzer.Sealed forever inside his compound?
https://www.wired.com/story/mark-zuckerberg-inside-hawaii-compound/
This is why Tom was everyone's friend.Tom from MySpace calling in from his yacht off a sunny beach.
Made product, sold it early for hundred of millions, retired, never hear from him any more.
The ideal Tech Bro.