Hurray, META’s Failing

I have good news. META Platforms, Inc., also known as Facebook, has lost 70% of its value in the last year. Zuckerberg’s gamble on creating on-line, virtual reality work places (and entertainment), is off to a terrible start. Zuckerberg, who seems convinced people want to spend more time on-line, is calling for patience and additional investment in the “metaverse”.

Zuckerberg is making a classic mistake, generalizing from his own experience. Because he wants to spend more or most of his time on-line, he thinks others do too. Surrounded by sycophant’s who depend upon him for their livelihoods, he doesn’t have anyone to tell him to snap out of his on-line fantasy world.

No one, two months from now, is going to say their 2023 resolution is “to spend more time on-line”.

Pre-pandemic, there were a lot of snake-oil salespeople promoting distance learning. All will be well, they proclaimed, if we just move school on-line.

Aspects of hybrid learning obviously make sense, but maybe with the exception of Zuckerberg himself, we are an intensely social species. We desire stronger social connections, involving all of our senses, in real life.

That is the lesson of the pandemic and Meta’s swan dive. Couldn’t be happening to a nicer corporation.

Postscript: Marques isn’t rooting for META either, but for a completely different reason (start at 9:00).

I Am Happy To Report That I Got In Trouble

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In this day and age of unregulated social media algorithms that inflame our most negative instincts, how cool is it that one online community is making a concerted effort to do a hell of a lot better.

It doesn’t even matter that LinkedIn couldn’t detect the self-deprecating nature of my recent “Liberals Are Hypocrites” post. Their algorithm probably stopped at the offensive title and didn’t proceed to the body of the post that read, “Like me.” Or maybe it did scan those two words, but wasn’t able to detect my intended meaning. 

It’s all good LinkedIn, I wholeheartedly applaud your efforts even if I was wrongly caught up in your decency dragnet.

LinkedIn’s Learning Center does a great job explaining their ground rules. Here’s a taste:

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Hey Zuckerberg, Dorsey, et al., here’s a fourth “Be”. Be like LinkedIn.