Re:Reddit files to go public
by wonderwonder on Thursday December 16, 2021 @09:15AM
(#29578297)
"All that Zuck did was notice the platform all the kids are migrating to and bought it to keep those users. It isn't exactly "predicting future trends." They tried to do it again when everyone's parents joined Instagram so the kids moved to Snapchat, but thankfully that deal didn't go through"
I would argue this is exactly what predicting future trends is. See which way the tide is going and make the necessary investments to ride it.
...which everybody does. There is nothing special about that particular smart person's ability to predict the future. Appeals to authority based on selectively chosen past performance... let's see how this ages 10 years from now.
Re:Reddit files to go public
by dragonwriter on Thursday December 16, 2021 @12:11PM
(#29580608)
> I would argue this is exactly what predicting future trends is.
It's recognizing current and predicting extremely short-term future trends that lots of other people recognized but didn't have the funds to do exploit in the same way.
Metaverse would be something very different.
What do you mean perfectly timed? If you mean that those platforms shot up in usage/revenue/whatever-metric after their purchase, couldn't that be heavily influenced by the purchase? Neither of those were some small little platform with a groundbreaking new feature before that. Everyone I knew (in highschool at the time) had gotten sick of their parents all joining Facebook and making it uncool, so they moved to Instagram before the purchase.
All that Zuck did was notice the platform all the kids are migrating to and bought it to keep those users. It isn't exactly "predicting future trends." They tried to do it again when everyone's parents joined Instagram so the kids moved to Snapchat, but thankfully that deal didn't go through