2 thoughts on “CEO and founder of Facebook plans to sell $13 Billion worth of FB stock”
Well if that isn’t suspect. I deactivated my fb account yesterday. Deactivate is not the same as closing. But, you probably knew that.
That is what I was thinking too. You don’t start selling off $13B unless you think you are at or near “peak social media”. Twitter’s revenue peaked 1-2 years ago, and Twitter is not profitable either. Twitter’s problem is the content is being diluted by garbage – both marketing bots and propaganda bots. Over on Instagram, I’ve noticed that most of the new followers are marketing bots, not real people. Those followers show up, like your page, then unfollow you a week or two later – because I do not follow them back.
Social media in a big mess right now and there is no silver bullet to fix these problems.
Ed
Comments are closed.
Comments are closed.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
2 thoughts on “CEO and founder of Facebook plans to sell $13 Billion worth of FB stock”
Well if that isn’t suspect. I deactivated my fb account yesterday. Deactivate is not the same as closing. But, you probably knew that.
That is what I was thinking too. You don’t start selling off $13B unless you think you are at or near “peak social media”. Twitter’s revenue peaked 1-2 years ago, and Twitter is not profitable either. Twitter’s problem is the content is being diluted by garbage – both marketing bots and propaganda bots. Over on Instagram, I’ve noticed that most of the new followers are marketing bots, not real people. Those followers show up, like your page, then unfollow you a week or two later – because I do not follow them back.
Social media in a big mess right now and there is no silver bullet to fix these problems.
Ed
Comments are closed.