During testimony at Meta’s antitrust trial, the Facebook founder’s argument was, in so many words, that platforms like his are not what they used to be.
Exactly this. “We have maxed out the amount of money we can extract from people and have reached diminishing returns on profitability.”
Why can’t anyone just create a billion dollar company that makes something people like and then be happy they can consistently earn $200m per year? Maybe ask the people what kinds of features they want and improve the service to increase the value to users once you need something for your staff to do when the product is complete.
Because modest returns don’t attract investment, so whoever set it up would have to fund the startup out of pocket and never go public or sell the company off. Not quite impossible, but very unlikely (unless the world changes and investors start getting more sensible about profits).
Mark Zuckerberg Says For-Profit Social Media Is Over
ftfy
Exactly this. “We have maxed out the amount of money we can extract from people and have reached diminishing returns on profitability.”
Why can’t anyone just create a billion dollar company that makes something people like and then be happy they can consistently earn $200m per year? Maybe ask the people what kinds of features they want and improve the service to increase the value to users once you need something for your staff to do when the product is complete.
Large corporations buy up disruptive companies like that
Love that “disruptive” is a valid term for companies like that.
Because modest returns don’t attract investment, so whoever set it up would have to fund the startup out of pocket and never go public or sell the company off. Not quite impossible, but very unlikely (unless the world changes and investors start getting more sensible about profits).