Peter Thiel sells most of remaining Facebook stake

Re:Peter Thiel sells most of remaining Facebook stake by samfisher83 on Wednesday November 22, 2017 @03:21PM (#15760242)

Facebook was one of the main tools that allowed trump to win. That is some value right there. How much money would a government or a company spend to control people? That is kind of what facebook is allowing people to do.

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by askafriend on Wednesday November 22, 2017 @03:45PM (#15760453)

And TV was the tool before that, and Radio was the tool before that. What's your point?

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by uep on Wednesday November 22, 2017 @04:41PM (#15760931)

Surely both radio and TV have been used for the same purpose. I think the Internet, and in particular Facebook, is very different for at least a couple of big reasons.

1. Much more precise user targeting

2. Direct feedback on effectiveness (did the user click-through or even just linger looking at the content?)

TV and radio seem like very crude tools in comparison.

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by BenchRouter on Wednesday November 22, 2017 @03:48PM (#15760486)

Er, those are both insanely large industries with untold amounts of money flowing through them (well, radio not so much but in its heyday).

If FB is an industry on the level of TV or radio, then it's almost certainly not overvalued.

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by askafriend on Wednesday November 22, 2017 @04:04PM (#15760621)

Yes it is company that is larger, more influential, and more relevant than the entire industries of TV or Radio and even print/online journalism at large.

The implications and consequences of the consolidation of this power and influence into one company is a different discussion entirely (and an important one).

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by SimbaOnSteroids on Wednesday November 22, 2017 @04:06PM (#15760638)

FB is better than tv and radio because it can give you ads that are more likely to affect you, because it knows you, maybe better than you know you.

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by redditmigrant on Thursday November 23, 2017 @02:29PM (#15767281)

American people allowed Trump to win. Its a democracy and there is no government media control, so American people had access to all the information they wanted and they made an active choice.

[ Parent | on HN ]

Re:Peter Thiel sells most of remaining Facebook stake by cisanti on Wednesday November 22, 2017 @03:37PM (#15760381)

What? But when social media companies help the other guy win (Obama for an example), it's not a problem? Your president is a fool but by the look of it, you deserve exactly that kind of leader.

[ Parent | on HN ]