Comment on Ask HN: If Meta dies will React follow?parentComments−willturman4yIf Meta dies the economy will followCan you expand on this? I see a company that produces net-negative societal value going through a process of price discovery. Facebook/Meta offer nothing beyond a shrinking user base to advertisers.−ReaLNero4yA firm can be net-negative in societal value, while profitable in the value it captures. E.g. oil companies
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Can you expand on this? I see a company that produces net-negative societal value going through a process of price discovery. Facebook/Meta offer nothing beyond a shrinking user base to advertisers.
A firm can be net-negative in societal value, while profitable in the value it captures. E.g. oil companies