The parent comment talked about how FB never have any kind of long term thinking. I refute that comment with one example.
To address your comment, everything at that level is a survivorship bias since there are only a handful of companies reaching 100b valuation, and each of them took a different path.
>>The parent comment talked about how FB never have any kind of long term thinking. I refute that comment with one example.
Having any amount of successful products is the past. Sure it will continue to give you profits. But that is the past. Making new products is the future.
You will never build a company, let alone a profitable successful one by penny pinching techniques like layoffs. The only real way to build a good company is to build good products. So far Mr Z, has shown he could build only one, and only one moat. Every other product has come from an acquisition. And those acquired companies themselves have been unable to build newer products.
This is a far bigger problem.
Compared this to companies that have survived decades the likes of Apple, Microsoft, Amazon. Even car companies Tesla etc. In general what makes it rain is building products and selling them.
Microsoft has tons of layoffs and penny pinching tactics...
Other products like Instagram and WhatsApp are praised as the most successful acquisitions in the modern history... on par with YouTube and Excel acquisition. Not sure why we downplay it. Zuck was a genius for buying these 2 products where everyone thought they were hugely overpriced.
The parent comment talked about how FB never have any kind of long term thinking. I refute that comment with one example.
To address your comment, everything at that level is a survivorship bias since there are only a handful of companies reaching 100b valuation, and each of them took a different path.