this post was submitted on 25 Sep 2023
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It blows my mind that this is both spez and Elmo's best idea for what to do with their respective hellsites: what if we made a shittier Quora? Because Quora's such an enviable business, right guys? Quora's right up there with Apple and Microsoft!
The Metaverse pivot by Zuck was only marginally less stupid. This is why HBO had to cancel Silicon Valley, the show: you can't parody Sillycon Valley anymore. ByteDance and WeChat are going to devour these clowns alive, now that the money printer stopped going brrr. They never had any plan to ever be profitable. Their business model was just to continue scamming investors with fake users and keep raising more billions, like the Pied Piper bot users. These are zombie companies, propped up by negative real interest rates for a decade. Let them die already.
You had me until the WeChat/ByteDance part.
lol WeChat who has a defacto government granted monopoly in exchange for all customer data being given to the government is going to drive the innovation?