It's absolutely aimed at investors, not congressional probes. I mean investors actually have power over them, so that's of course who Zuck and FB are more concerned about.
Approximately everyone who has internet and isn't in China uses an FB-owned social media product. They're out of people, there's no room for growth. The investors need growth because it's capitalism and that's how their class gets paid. So either the company stops giving the investors what they want, and loses all their money. Or they invent a way to get more money from their existing pool of customers, which means they have to invent a reason people spend even more time on their products than they already do on social media.
It's absolutely aimed at investors, not congressional probes. I mean investors actually have power over them, so that's of course who Zuck and FB are more concerned about.
Approximately everyone who has internet and isn't in China uses an FB-owned social media product. They're out of people, there's no room for growth. The investors need growth because it's capitalism and that's how their class gets paid. So either the company stops giving the investors what they want, and loses all their money. Or they invent a way to get more money from their existing pool of customers, which means they have to invent a reason people spend even more time on their products than they already do on social media.
Crazy that capitalism sometimes just reach the point where profit hits a limit and starts dropping. I wish someone wrote a book about this.
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