When Bookface went public, there was a lot of complaining in the business press about sources of revenue for this new online enterprise. Sure, people were joining it in droves but how could they, in the by-word of the day, “monetize” that? Well, they found a way to generate revenue out of all those members without disrupting the members online experience of the site with ads. Now they are vilified for doing that.
I agree that there are things they need to do better. Unfortunately, a lot of that has to do with controlling the use of the site for hate speech. And for disinformation campaigns by foreign governments. This is new technology, cutting-edge programming, and it is being run by a young man of about 30 who started this business as a college student. The learning curve for Mr. Z has been extremely steep and long. For someone to start their first (?) business at age ~20 and turn it into one of the most valuable companies on the planet, thereby vaulting himself among a handful of the wealthiest individuals on the planet, is so improbable as to be practically impossible. Consider that he has had to learn in ten years what it takes most titans of industry 40 – 50 years to learn. I am incredibly impressed with what he has been able to achieve, and I am willing to give him time to address the issues his enterprise has created.
When Bookface went public, there was a lot of complaining in the business press about sources of revenue for this new online enterprise. Sure, people were joining it in droves but how could they, in the by-word of the day, “monetize” that? Well, they found a way to generate revenue out of all those members without disrupting the members online experience of the site with ads. Now they are vilified for doing that.
I agree that there are things they need to do better. Unfortunately, a lot of that has to do with controlling the use of the site for hate speech. And for disinformation campaigns by foreign governments. This is new technology, cutting-edge programming, and it is being run by a young man of about 30 who started this business as a college student. The learning curve for Mr. Z has been extremely steep and long. For someone to start their first (?) business at age ~20 and turn it into one of the most valuable companies on the planet, thereby vaulting himself among a handful of the wealthiest individuals on the planet, is so improbable as to be practically impossible. Consider that he has had to learn in ten years what it takes most titans of industry 40 – 50 years to learn. I am incredibly impressed with what he has been able to achieve, and I am willing to give him time to address the issues his enterprise has created.