> Smart people with that much attention flowing through their systems will figure out the details: which ad formats, which promotions, which virtual/real goods, which novel payment mechanisms.
Wow, you just hand waved over a tonne of details.
You should contact Yahoo to see if you can run it. You just solved the exact problem they have. Lots of attention, can't monitize.
An investor/observer doesn't have to solve a company's problems, or even know all the details of its operations. A company is an abstraction. You can evaluate it based on its team, and its market power/sustainable-advantage. Indeed, we should expect the company management understands many things we outsiders do not – or else they're in the wrong jobs.
With Facebook's attentional domination and network-effects, even idiots would be able to build a $20-30B business. Facebook's management are not idiots. They understand the giant success drivers of Google and others in the network era, as well as the risks from upstarts and changing tastes.
Comments
> Smart people with that much attention flowing through their systems will figure out the details: which ad formats, which promotions, which virtual/real goods, which novel payment mechanisms.
Wow, you just hand waved over a tonne of details.
You should contact Yahoo to see if you can run it. You just solved the exact problem they have. Lots of attention, can't monitize.
An investor/observer doesn't have to solve a company's problems, or even know all the details of its operations. A company is an abstraction. You can evaluate it based on its team, and its market power/sustainable-advantage. Indeed, we should expect the company management understands many things we outsiders do not – or else they're in the wrong jobs.
With Facebook's attentional domination and network-effects, even idiots would be able to build a $20-30B business. Facebook's management are not idiots. They understand the giant success drivers of Google and others in the network era, as well as the risks from upstarts and changing tastes.