Comment by diamond559
6 days ago
So, burn tens of billions to infest your own site w/ bots bc it is somehow "inevitable" anyway? Why not spend that to try and make the user experience better for users with wallets? The investors are clearly fed up w/ burning cash and racking up debt w/ no profits to show for it.
Your idea of what would "make the user experience better" can be very different from what actually makes the experience more profitable to Meta.
As far as I can tell, the things that actually drives engagement are ragebait political videos, thirst traps, and fake AI generated videos of cats robbing liquor stores.
The investors have rewarded Meta with something like 5x stock increase since abandoning the Metaverse.
It's time to realize that "embrace the stupid" is indeed a viable business strategy and an accurate reflection of our society.
The evolution of Meta/FB is quite interesting.
It started off seemingly innocent - the mission of connecting folks. However, there was no money in that.
Where is the money? Content production. What content generates a continuous growing stream of earnings? Content that appeals to the senses of all kinds - including selling a get rich fast dream to girls promoting their OF pages.
What you have is an environemnt that preys and feeds off of consumers who have a lack of discipline with their money and are easy to manipulate - providing a nice ROAS. This is Meta in a nutshell.
Zuck enjoys roll playing a roman emperor - I have no doubt behind the scenes he laughs at his contribution toward the declining tastes, standards and self control of individuals.
Man, I hate to admit it but there's an element of truth here.
Sometimes I think there's a perspective from which suppliers (politicians, social media producers) are right thinking their customers as idiots and manipulatble even though customer-driven ought to be the goal.
I think Steve Jobs said something along these lines once. That when he was young he thought "the man" was spoonfeeding idiocy to the masses through television to keep them complacent, but as he grew older he realized that the masses wanted stupid content and that rich people simple indulged people's base desires.
2 replies →
Their financial stability all hinges on having lot's of user engagement. As we've seen, optimizing for engagement tends to be a pretty awful user experience. That doesn't matter to them if the numbers go up that they want to go up.