Instagram's founders are leaving. What does that mean for Facebook?
which is also the same reason why whatsapp founder left.
And if we are keeping score here, I also clearly remember Facebook's legal officer legal officer leaving I believe in August.
And that's coming after another, so these are several big rounds of executives leaving Facebook and this is a company that, you know They could've been making millions at it, and for them to choose to leave there.
The instrument founders mentioned that they wanna channel their creative energy more.
Are they gonna make the next Instagram or something like that?
It's hard to tell, but, I mean, it definitely is a batch line for Facebook, when all of this talent is choosing to get out of the company.
But, Facebook, it's kind of like they want to be everything, in the same way that Walmart doesn't sell just one thing, they want it to be the everything store, or whatever.
Isn't that what Amazon calls themselves?
That's what Amazon's been called, but yeah, so they're the everything social network, that's a good way of putting it.
Yeah, so that's kind of what Facebook wants to do, I mean like there's a reason why they bid for the rights to air, what was it, Thursday night football?
Facebook was a part of that, yeah.
They didn't win it.
I thought it was Twitter.
I don't think it'll go away-
I don't even think that's possible, yeah.
I don't think it'll go away, but I do think that there are a lot of younger people that are basically, not really seeing a need or a use for Facebook anymore.
Things are really, but it's kinda like, so I don't use Facebook anymore.
But I still use Facebook Messenger, which is a part, that's my point, though.
They're setting up everything so that everyone is on it, and Even if I'm not using.
Even if I'm not posting on someone's wall or wishing somebody happy birthday or going to events on Facebook I'm still using Messenger to keep in touch with people.
I'm still using Instagram to upload a photo or something like that.
So always be asked, do you consider Facebook a monopoly.
They asked this to Mark Zuckerberg and Cheryl Sandburg and Colin Stretch.
And they always mention basically while the average person uses 8 apps Try to hand your hand here, and say, Facebook is only one of those eight apps.
Except we own a majority of the other ones, as well.
Correct me if I 'm wrong here, too, is that usually, when they're asked that question, they try to broaden it out as much as possible.
And they say Well, if you are look at this from a social media perspective, obviously we are dominant.
But if you look at it broadly from a digital media perspective, or just like a user consumption perspective, we have to compete with television and radio, and all the other internet sites that you go on.
That's absurd to me though, in the sense of All of business.
Like that's not -> Compete with the guy that's out selling shoes.
Yeah, you have to compete with Nike.
Come on, guys.
It's not such a weird comparison for me.
Amazon does the same argument.
You know, where they say like you know from an international perspective Amazon is less than 1%.
Of international retail