Facebook establishing a venture arm to invest in startups

Re:Facebook establishing a venture arm to invest in startups by raverbashing on Saturday June 13, 2020 @03:26PM (#23511967)

And? You'd probably walk away with at least 6 digits in your bank account. 7 or maybe 8 if you're lucky.

This is the kind of money I wouldn't say no except for a very good reason.

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Re:Facebook establishing a venture arm to invest in startups by scollet on Saturday June 13, 2020 @09:18PM (#23514329)

Money > ethics in your worldview? This is compounding the issue and creating a toxic incentive.

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Re:Facebook establishing a venture arm to invest in startups by missedthecue on Saturday June 13, 2020 @11:28PM (#23514848)

Money is objective while ethics are not

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Re:Facebook establishing a venture arm to invest in startups by scollet on Sunday June 14, 2020 @12:32AM (#23515131)

This is a meaningless comment.

You can mark assets on a spreadsheet, plot profits on a graph, and the result is simply a representation of the abstract concept: finances.

When you factor intent, then money becomes objective. When you factor the ethics of the entity using financial influence, then the result is objective because it affects the real world.

I don't know how else to explain this, and maybe I can't convince you, but real people are affected by these choices.

Profits are never a meaningful metric precisely because they can't be divorced from ethics.

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Re:Facebook establishing a venture arm to invest in startups by raverbashing on Sunday June 14, 2020 @06:03AM (#23516423)

No, but ethics should be on your business model not so much on who's financing it.

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Re:Facebook establishing a venture arm to invest in startups by smabie on Sunday June 14, 2020 @12:25AM (#23515108)

Everyone has a price.

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