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Why Facebook Has Entrusted Its Future to the CEO of PayPal

67 pointsby davidiachover 10 years ago

9 comments

freshhawkover 10 years ago
&quot;Messaging is a modern version of the social graph&quot;<p>&quot;The company that controls the messaging platform will control the future of the way we interact with people and, quite possibly, with businesses&quot;<p>&quot;The growth team is the equivalent of Facebook’s Navy SEALs&quot;<p>The entire section about privacy.<p>I know it&#x27;s Wired but this article isn&#x27;t even a puff piece, it&#x27;s reads like it&#x27;s straight from Facebook marketing or a spoof of marketroid buzzwords. Am I alone in finding its tone gross? I&#x27;ve seen better journalism in &quot;sponsored content&quot; on buzzfeed.
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mblevinover 10 years ago
This is less about THE future of FB rather than a bet on ONE possible outcome - transaction monetization on a many-to-many network, vs continued growth of their highly targeted advertising product.<p>On the internet just like in real life, someone has to be selling something to somebody.<p>When you&#x27;re a &quot;free&quot; service (e.g. your users are your product), you can either facilitate transactions and take a cut (e.g. payments, in-app upgrades&#x2F;stickers&#x2F;etc), or you can direct the user firehose to someone (advertising, B2B services, data, etc). Facebook has predominantly been successful up until now doing the latter.<p>Messenger is a both a hedge against declining app&#x2F;website engagement numbers and continued bottoming out of CPM&#x2F;CPC for digital ads, as well as a bet on a Westernized version of WeChat and LINE have done, particularly in payments.
thebearover 10 years ago
I hope that this is just a reporter getting carried away with his subject, and not an indication of what our civilization has come to:<p><i>[...] When Despicable Me 2 came out in theaters last year, Facebook worked up a partnership that let users download Minion stickers. It’s easy to imagine a future strategy for making money off stickers.<p>Marcus has even grander ambitions. [...]</i>
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softdev12over 10 years ago
I agree that messaging is a hugely important aspect for the future of Facebook, but I wouldn&#x27;t say that FB&#x27;s entire future is dependent on messaging. The article&#x27;s title, with its use of &quot;entrusted its future&quot; seems to imply more than what&#x27;s really at stake.<p>I would argue that virtual reality (with Oculus) or even the core social network base product is more important to facebook&#x27;s future than messaging. Sure messaging is important, but it&#x27;s becoming more and more of a commodity.<p>At the end of the day, I think facebook has currently entrusted its future to Zuckerberg and not the CEO of PayPal.
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mullingitoverover 10 years ago
I thought it was perversely amusing that when Facebook&#x27;s mobile app was finally usable, they went ahead and got themselves into a power struggle with their users by trying to force standalone messaging on them. I ended up deleting the Facebook app entirely and went back to using the web site. Whenever I&#x27;ve brought this up in a group of friends, I&#x27;ve found I&#x27;m not the only one to get that bright idea.<p>I wonder how many millions of users they got to delete their main app with this move.
erikpukinskisover 10 years ago
Seems like Facebook is in the &quot;we have to control this market or we&#x27;ll lose relevance&quot; stage now. Almost nothing about a mission. Helping people share their emotions I guess. And some hand wavy stuff about reliability. But messenger just seems like a land grab. It doesn&#x27;t seem like messenger solves any important new problems.
pulkitpulkitover 10 years ago
Learnt a lot about Messenger&#x27;s features from this article, even though I use it prob once-a-week.. seems they haven&#x27;t done that great a job teaching users &#x2F; onboarding them to new functionality. Feel like that would be right up the Growth team&#x27;s alley
toephu2over 10 years ago
was this article setup and paid for by FB? (<a href="http://www.paulgraham.com/submarine.html" rel="nofollow">http:&#x2F;&#x2F;www.paulgraham.com&#x2F;submarine.html</a>)
the_watcherover 10 years ago
I understand why the piece has the title that it does - Messenger is considered - both internally and externally - as a critical piece of Facebook&#x27;s roadmap. But man is it hyperbolic to imply that a company with the ads engine of Facebook&#x27;s future is entirely dependent on an unfinished messaging product.