The bubble is Facebook
Nov. 10th, 2025 12:48 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
lonelyisletWeb 1.0 (so to say) encountered a bubble; I don't know much of that history but I do know at some point the bubble collapsed and people suffered because of it. This was around 1999?
It brings to mind the question of valuation, how much something is actually worth, given the relative market for it
My contention is not only is Facebook a parasitic bloodsucker but it ruins the rest of the internet
If they have fake acocunts (as Aaron Greenspan contends) they do nothing about, if they autoplay videos and count that as "views", if they do nothing to combat spam and fraud (Marketplace etc), and all sorts of other things I could mention, not only is it a shit product but it leads to people trying to copy their business model and falling on their face because it's all based on fraud
Collegehumor apparently shut down because of the video fraud
I am no fan of Google, but what if their behavior was shaped by the need to compete with Facebook? People liked Google+ a lot even despite the coercive tactics, and did they have to do that to compete with Facebook's act first, apologize later ethos (in which they constantly change the privacy settings)? Perhaps. What if their acquisition of Doubleclick for example was to compete in the market THEY imagined existing for advertising?
There's real value to something like Facebook but there isn't much point to using it (your shadow profile aside) because it's horribly broken and Zuckerberg steals everything from everyone else (Snapchat). I don't blame the Winklevosses for being angry. They apparently came up with .edu onboarding. Zuck presumably steals not just ideas, but concretely, code.
He is a terrible person who should be in jail for various abuses of some form of computer fraud and abuse acts
But what if the entire ecosystem is affected by it? Then you're not just "not using Facebook" and so not affected (again, aside from shadow profiles, or being tagged in photos after the privacy settings reset, or receiving messages they don't show you so you have to log in) - the entire rest of the internet decided to copy their "highly successful business model". What if it's literally all based on fraud?
It brings to mind the question of valuation, how much something is actually worth, given the relative market for it
My contention is not only is Facebook a parasitic bloodsucker but it ruins the rest of the internet
If they have fake acocunts (as Aaron Greenspan contends) they do nothing about, if they autoplay videos and count that as "views", if they do nothing to combat spam and fraud (Marketplace etc), and all sorts of other things I could mention, not only is it a shit product but it leads to people trying to copy their business model and falling on their face because it's all based on fraud
Collegehumor apparently shut down because of the video fraud
I am no fan of Google, but what if their behavior was shaped by the need to compete with Facebook? People liked Google+ a lot even despite the coercive tactics, and did they have to do that to compete with Facebook's act first, apologize later ethos (in which they constantly change the privacy settings)? Perhaps. What if their acquisition of Doubleclick for example was to compete in the market THEY imagined existing for advertising?
There's real value to something like Facebook but there isn't much point to using it (your shadow profile aside) because it's horribly broken and Zuckerberg steals everything from everyone else (Snapchat). I don't blame the Winklevosses for being angry. They apparently came up with .edu onboarding. Zuck presumably steals not just ideas, but concretely, code.
He is a terrible person who should be in jail for various abuses of some form of computer fraud and abuse acts
But what if the entire ecosystem is affected by it? Then you're not just "not using Facebook" and so not affected (again, aside from shadow profiles, or being tagged in photos after the privacy settings reset, or receiving messages they don't show you so you have to log in) - the entire rest of the internet decided to copy their "highly successful business model". What if it's literally all based on fraud?
