Re:Facebook reportedly laying off thousands of employees
by komaromy on Thursday October 06, 2022 @04:14AM
(#33105791)
> Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network.
Marketplace?
Re:Facebook reportedly laying off thousands of employees
by randomsearch on Sunday October 09, 2022 @04:27AM
(#33139104)
Yeah maybe I should have said “ideated and created from scratch” as directly cloning other products or features is something they’ve done a lot.
Re:Facebook reportedly laying off thousands of employees
by disgruntledphd2 on Thursday October 06, 2022 @06:10AM
(#33106481)
Yeah agreed on payments. I kept asking this question when I was there in 2013. They had payments licenses everywhere and just fluffed it completely in a quixotic attempt to put ads in messenger.
Like, from a margin perspective I get why they didn't want to do this, but it would have been a fantastic hedge against what happened with Apple and would probably have prevented Shopify from ever scaling.
Re:Facebook reportedly laying off thousands of employees
by mupuff1234 on Thursday October 06, 2022 @04:23AM
(#33105872)
So according to that logic the metaverse could succeed since it started from an acquisition (oculus), no?
Re:Facebook reportedly laying off thousands of employees
by randomsearch on Thursday October 06, 2022 @08:48AM
(#33107562)
hardware, to an extent - but not fully developed
software - nope, it's all new, they can't do it
The company cannot innovate and has bet the farm on their ability to innovate.
I’ve said it before: Facebook should monetise WhatsApp via payments (real payments, not crypto) and other services. That’s something within their capability and very much within their reach. Maybe they’re seeing that as a backup when VR fails, but the longer they leave it the bigger the risk someone else takes that market.