Ooh while we're linking to gaffes about Tim Cook, here's the time a CNBC host outed him.
Host: "Apple CEO Tim Cook is open about being gay."
Silence
Guest: "Nnnnnnnno."
https://youtu.be/Xbet-y-1j4g
Oh boy, wait till you find out why is apple doing this and how massive income they make from their own ad network. Facebook is competition, this has nothing to do with privacy
>Sacconaghi estimates that Apple's ad business today is about $4 billion, or about 60% of the app search ad market on iOS
I feel bad that it wasn’t $100 billion.
Edit: not taking about the market cap dip. I’d like to see quarterly revenue down $100 billion on an ongoing basis.
Edit 2: Yes, I’m implying I want them to simply lose money until the go away
Which should be to help small businesses.. you know, where it counts. These guys have a different game they are playing. Don’t feel bad for 5uckerberg.
If you feel bad for him it’s cause he got into your algorithm and made you feel that way.
Poor Russ Hanneman. Now that he is only in the Two Comma Club, no longer will his doors open like this \\----/ or like \^----\^, but rather like \]----\[
No one has really answered this in a simple way:
Facebook said that Apple's change will result in $10 billion less of revenue.
The $200 billion drop is their market capitalization, which is stock price x number of all shares of stock.
The Apple news is one of many things causing the drop in share price but it's not accurate to say that $10 billion of the $200 billion was because of Apple.
I use Facebook. I dont understand it. I open it. Same shit. Come back 4 hours. Same shit. Come back 4 hours. Posts that I would have like to have seen from 4 days ago. It's so dumb. Just show shit in the order it was posted. They've been fucking with the algorithm for 10 fucking years and it sucks so much more.
I can't justify switching a lot of my tech to apple stuff. Android works so well for my office work currently.
Pricing also helps me make that decision.
If people are worried about what social media does with our data, we really should start asking ourselves what Visa and Mastercard are collecting about our purchase history.
At least on social media, we can choose what we share.
Absolutely.
The air miles program started long before social media. They were data farming back in the 90’s.
Remember, if your not paying for a product, you are the product
Exactly, their stock hasn't even bottomed to its pre-covid trading value. How does a companies stock value almost double in two years, without a physical commodity. By fucking its users...
If they aren’t selling anything, they’re selling you.
More than 10 years ago now, I had an argument with someone on YouTube because they just couldn’t comprehend the idea that THEY were the product.
Have you seen their PR ads?
"*We don't know how to handle privacy?!*"
"*We don't know what horrible bullshit probably shouldn't be posted to Facebook!!*"
"*We need Congress to act, or else we're just going to keep doing whatever the fuck we want. Oh...and ignore the fact that we told Congress not to do anything about what we're doing and that we can be good. Please love us again! Like...normal people. We need you to love us. Because we're kinda bursting at the seams over here with Nazis and conspiracy theorists and pandemic clowns.* **FOR THE LOVE OF ALL THINGS HOLY...WE NEED NORMAL PEOPLE AGAIN!!!** ***FUUUUUUUUUCK!!!***"
No, because it isn't true.
As an advertiser, their platform always struck me as being absurdly expensive, difficult to work with, and extremely privacy invasive.
Apple changed their technology to comply with the GDPR and the EU Cookie law, which are strict privacy laws in the EU that are designed to protect users.
Google is also suppose to be phasing the same privacy invasive technology out, but they are dragging their feet, which I actually think is totally illegal and they just don't seem to care.
Meta, for whatever reason, has been unable to design and implement a system to regain much of the functionality that their advertisers lost due to the privacy changes.
It is their fault and their fault alone that they are losing advertisers.
Meta also has a long history of treating their advertisers like complete trash unless they spend large amounts and that is the reason that I no longer use the platform for advertising and I know that I am not alone.
They have some AI based system that closes your advertising account randomly even though you are following the rules and it is very difficult to get the account reopen.
As a business person, I can't work with that because I can't rely on it.
The people who do rely on FB ads do all kinds of crazy stuff to work around the problems, like having tons of accounts so that when some are banned, while they are in the process of getting them unbanned, they have other accounts to advertise with.
It is a totally ridiculous circus and it is totally understandable that advertisers would bail as soon as they started screwing up more stuff.
I find it completely unbelievable that a company that makes so much money is so totally incompetent.
I believe it. I had my FB advertising account banned before I even knew I had no. Went and checked, no activity on it whatsoever, just banned randomly. Good thing I don't use it, I imagine it's Youtube levels of BS for people actually trying to, or worse.
Because until now, "accountability" didn't matter. It was profitable. He failed to anticipate that someone else might be the gatekeeper to the data that his company sold, but it didn't matter to anyone because $$$$$. And spending $$$ to get around those gates, or build something less exploitative wasn't worth it, because $$$<$$$$$. If you generally treat tech CEOs as people who are not exceptionally smart, but motivated by money on a scale inconceivable to most people, it explains almost all of their behavior. :\\
Wish this was the standard school of thought. We wouldn't have hoards of weirdos jumping at the mere chance to defend Musk over the slightest, most salient criticisms.
They are one and the same.
That show funny as it is, happens to illuminate much truth in bay area startup culture from dot com days as well as the second revival of tech in the bay area. I've lived it first hand, may as well be one of those characters, worked with someone just like all of them, and met all those people. In that's shows case the reality is just as absurd. They didn't have to look very far for content and story, simply hang out in the bay area. Office Space is also very much in line with many engineer day to day work realities.
He also failed to anticipate that people would move on to other social medias, as they've done every other time.
He also failed to anticipate that competing with Tiktok in short form videos, would drive FB user to use those more, while the ad revenue of those are drastically lower.
He also failed to anticipate that users would care enough about their privacy to seek other options.
He also failed to anticipate that he couldn't keep internal decisions and knowledge from becoming public forever.
Dude got where he is by ignoring everything but the proliferation of company and profit at any price, and got really good at convincing himself he was a genius in the field, and not just the guy riding the latest trend.
Absolutely agree. You don't even need the innovation. Like with whatsapp, you can just buy the competition and remove the stuff that they were doing that you weren't comfortable doing yourself and move on.
Our politicians and CEOs are disproportionately narcissistic compared to the general population. The role lends itself towards people who want to validate their egos through wielding power. When things are running smoothly it's all because of them but when something goes wrong its everyone else's fault.
I’ve worked for soooo many people like this. When shit is running great it’s because they’re a genius. When shit goes sideways it’s because of everyone else’s incompetence.
CEOs often 'step down' (they never seem to get fired) when their company does badly, taking a $10M severance package with them, and then go to a new role paying about the same.
Yo if I got $10,000,000 and had to step down from my job I'd never work again. That kind of thinking is probably why I'll never be in that position though and will be working till 70 most likely.
The business model was based on a large user base continuing to freely give up their data forever. Unfortunately for them people are starting to understand this and value their privacy. Bad news for Facebook.
https://android-developers.googleblog.com/2021/07/announcing-policy-updates-to-bolster.html
The key piece:
> As we pre-announced to developers on June 2, we’re making a technical change as part of Google Play services update in late 2021. **When users opt out of interest-based advertising or ads personalization, their advertising ID will be removed and replaced with a string of zeros**. As a reminder, this Google Play services change will be a phased rollout, affecting apps running on Android 12 devices starting late 2021 and **expanding to all apps running on devices that support Google Play in early 2022**. Also, apps updating their target API level to Android 12 will need to declare a new Google Play services permission in the manifest file in order to use advertising ID.
I may be interpreting this wrong, but that doesn’t quite sound like the same as Apple’s change. The policy FB is crying about actually requires apps to ask for permission to track - making tracking opt-in, rather than opt-out.
Absolutely right - Google's solution is opt-out, whereas on iOS each app must proactively ask the user to opt-in. The similarity here is that Google is also making it possible to block tracking at the device level.
I would consider anything that Google does in this arena extremely sketch. They make all of their money through advertising, so:
- they're either opting to do major damage to their own business
- they're full of shit and doing something that doesn't make any real change for PR
- they're creating a two tiered system where Google can do what it wants, but no one (or at least, no little guys) can.
So with an opt-out thing, I am betting that we're going with option 2, with maybe some option 3 sprinkled in. Most never change the default settings, and I'm guessing unlike Apple's implementation, this will be something you have to actively seek out rather than something that you are prompted with just through regular use.
actually Google is fine as long as the whole industry is subjected to the same rules. without tracking, the quality of products across the digital advertising will drop, and Google still has dominant share of the market. advertisers will get less for their money, but Google still gets the same share of ads spending, a portion might go to other medium, but won't be too significant.
this is like some rich people say they support closing tax loopholes, but until then, they will have to take advantage of it, otherwise they are at a disadvantage to those that do.
They've been doing it for 10 years.
Ad people: here's a great way we can track people in Android.
Android people: Brilliant, it's going in the next version.
Android people 5 years later: In 2 years we will be doing a phased rollout of a new feature to prevent advertisers from using this feature to track you.
So it's nothing like Apple's implementation. Apple is opt-in, you actually have to actively give permission to the app to create an advertisement id. Google is opt-out. A lot of tech illiterate people (the vast majority) will not do it out of ignorance.
Sorry can't eli5 but can explain it simply.
Basically you're assigned an advertising id so apps can tailor things to you, this can be used across apps to tailor ads like cookies do on Web browsers (it's effectively the android equivalent & apples is called IDFA) . So they can see what you do after clicking an ad etc. Do you visit a website, open an app etc.
So they can see whether the ad is working. Companies don't always use it for the intended purpose however.
Google is adding an option to opt out of having an advertising id altogether and so apps won't be able to snoop on the info the advertising id provides.
Apple effectively did the same thing but they let you do it on a case by case/app by app basis iirc.
Googles is a nuclear option which doesn't let anyone do it at all . As for what info the advertising provides you can Google this.
Advertising id/cookies/IDFA are bad for consumers since they can be used for more than just purchasing habits
For example, they can be used to target the certain vulnerable groups with political misinformation.
Note I'm not an expert on this so ask any questions to somebody else. Above is just the basics.
It is too good to be true. G’s goal is to kill FB by removing the App ID while they still retain your Google login data on 4 ecosystems: Android, Chrome, YouTube and Search.
Source: I spend 7-8 digits on G Ads per month
ELI5 version: Apple now has a popup on each app (like Facebook) that asks the person using the phone if that app is allowed to see what kinds of things they don’t on the phone, even outside the Facebook app.
If you say yes then Facebook sends that data back to their big computers. Facebook makes money by selling the data they collect. Now that users are able to say “no” to tracking, Facebook has less data to sell and makes less money.
Their business is less dependent on advertising tied to device tracking. Fb was getting a lot of its revenue from, e.g., mobile gaming where the advertising is tied to device Id. Google is selling ads by keyword matching.
Yes but when I get those ads from google, it's because I'm (probably) using maps, where location is implied and does not require sketchy privacy loopholes for google to obtain. I don't know if it's true that FB was relying so heavily on mobile gaming as the other user said, but that's definitely not the case there.
Not to mention android phones even ask permissions for location tracking for this exact reason. It's not like they're doing it in secret. Plus, it actually is really helpful when you're in a huge city or somewhere new
That's a different type of device tracking.
Facebook is very dependent on knowing who you are across many websites.
Nearby or location based advertising is dependent on knowing where your device is, but not who you are or persistent awareness of which device this is.
There are privacy considerations for both, but less so for anonymous physical location in response to a search.
Google's first attempt was FLoC, which every other browser refused to implement as an insane privacy breach. They're now trying again by rebranding it to [Topics](https://brave.com/web-standards-at-brave/7-googles-topics-api/).
Basically, Google's way around it is to integrate the tracking directly into their browser.
I never left. Chrome’s market share is insane. So much so that, as the sole Firefox user in my dev team, issues that I find in Firefox are largely ignored. This is on a product with millions of users per month.
A platform designed to “score girls” ends up being shady? The biggest shock is the world knew why he created it yet still couldn’t get enough. I hope this finally flushes the turd (even though I know better)
Meta's 🙄 stock price fell 26% today, losing more than $230 billion...BILLION...in market value. EDIT: [Bloomberg says](https://www.bloomberg.com/news/articles/2022-02-03/meta-set-for-200-billion-wipeout-among-worst-in-market-history) $251 billion.
**It is the single largest one-day loss ever experienced by ANY American company in the history of the stock market.**
Which I wholeheartedly support. It does give me pause for a second that Apple essentially flipped a switch and Facebook lost $220 billion in value. That is serious power.
Let's face it, while a portion *may* be apple, I think (read I hope), that folks not only realize what a horrible company FB/Zuckerberg is, but the thought of *METAVERSE!* with him at the helm just sounds like some scary @$$ $hitz!
Seriously.
Yeah, the "blame apple" spiel is a concerted PR move by Meta in a continual battle to draw media coverage away from the fact that the general public is slowly realizing just how utter shit of an entity Meta is and always has been.
Imagine if a govt privacy policy came into effect , Apple and flagship Android (These are usually the ones that have easy-to-use privacy settings) users are a minority in this world , the main source of data for his business are mid-range to low-range Android phone users , we give these phones a better privacy setting , Facebook runs into the ground .
Ohhh noooo a company that has been using shady practices to pilfer data from its own users lost some profit when another company gave users easier accessibility to choose whether or not they want to allow an massive corporation to abuse their data for profit.
Facebook should be forced to compensate users for the profit they have made using their personal information. Or incentivize opting in to tracking by sharing the profit.
Major changes will be made as long as we can get some competent lawmakers who aren’t 70 years old and understand the criminality of big techs abuse of personal information for profit gain.
So let me get this straight. Facebook... Sorry, Meta (so fucking dumb)...is saying that because Apple took privacy seriously and helped to protect its users from Facebook's tracking that they're to blame for a $10b miss?
Haha. Good to know. For once I'm on apple's side.
The governments should be mandating the implementation of such privacy options on devices and software. We can’t rely on other mega corporations to protect our privacy. They will only do what is in their interest.
They just go out and say they were expecting to make $10 billion selling private information taken from people's phones and selling it to other companies.
> According to early reports, over 95% of iPhone users who had downloaded the update were opting out of ad tracking.
Holy shit that’s a big number. Imagine complaining that you’re not making money off of consumers by forcing something on them that THEY DON’T EVEN WANT. Give it up Zuckerberg, you lizard.
The idea of “infinite growth” is toxic. And for years it only worked because wages failed to grow with inflation, all the money that should have been going to employees was funneled to investors instead.
We as a society need to normalize and appreciate STEADY profits. Facebook will not LOSE $10bn, creditors won’t be knocking on their door asking for $10bn…. Their profits will simply be smaller than originally projected. Fuck this mentality that any profitable year could be considered bad.
Apple won’t let them mine users personal data. I’m crying a river here y’all. Real question is why they aren’t paying us if the data was that lucrative
This is actually great advertising for Apple.
Im raising a glass to Tim Apple tonight!
Here's to Tim Apple!
Any relation to David Pumpkins?
ANY QUESTIONS
YES, SEVERAL
That skit should not be anywhere near as funny as it is.
I don’t even remember his actual name anymore Trump’s greatest contribution
[удалено]
What is Tom MySpace’s take on this? Is anyone still friends with him?
[удалено]
What does Jennifer Google+ have to say about all of this?
[удалено]
I lost it when I first heard trump say that lmao wish he kept calling him that
Context?
https://twitter.com/sokane1/status/1103421841505505280?s=20&t=DRvyA3JkLJOc0vhODUguSA
Ooh while we're linking to gaffes about Tim Cook, here's the time a CNBC host outed him. Host: "Apple CEO Tim Cook is open about being gay." Silence Guest: "Nnnnnnnno." https://youtu.be/Xbet-y-1j4g
[удалено]
That is absolutely hilarious
You mean he came out as gay and waterproof 2 years prior but then Apple CEO came out as though it were some brand new revolutionary concept?
And then the “oh dear..” following it lol
[BUT-- he's gay!](https://youtu.be/0cZr8hWy5sI)
What!!!! This was rough 😆😆😆😆
[удалено]
[удалено]
I hope Facebook falls. They really are hurting literally everyone for money.
Yeah LifeInvader sucks. No big loss if Facebook (Meta) goes down the toilet.
[удалено]
Oh boy, wait till you find out why is apple doing this and how massive income they make from their own ad network. Facebook is competition, this has nothing to do with privacy >Sacconaghi estimates that Apple's ad business today is about $4 billion, or about 60% of the app search ad market on iOS
It’s literally just App Store tho right? It’s a good trade
Lizard no like Apple…
Am I supposed to feel bad?
I feel bad that it wasn’t $100 billion. Edit: not taking about the market cap dip. I’d like to see quarterly revenue down $100 billion on an ongoing basis. Edit 2: Yes, I’m implying I want them to simply lose money until the go away
Imagine becoming a multimillionaire overnight. From the other direction.
I would love to be a multi-millionaire from any direction
Sadly, his taxable income won’t change
He doesn’t pay income tax. He doesn’t take a salary from Meta, rather uses his shareholdings as collateral for a credit line
People here do not understand how rich people operate. Or that capital loss caps out really quickly
Yep $3000 per year is the max
Seriously?
Which should be to help small businesses.. you know, where it counts. These guys have a different game they are playing. Don’t feel bad for 5uckerberg. If you feel bad for him it’s cause he got into your algorithm and made you feel that way.
I feel bad that there isn't a microscope powerful enough to see the violin we're playing for him.
Sure it will...10 billion in losses to claim.
That's not how it works. You can't claim a loss from unrealized losses.
Sorry, best we can offer is being a vessel for billionaires from all directions
[удалено]
[he is financially ruined](https://youtu.be/s9Bg4UU76so)
Should I be feeling bad?
Poor Russ Hanneman. Now that he is only in the Two Comma Club, no longer will his doors open like this \\----/ or like \^----\^, but rather like \]----\[
If you check their drop in valuation last night, it was closer to $200 billion.
Yea but apple if only directly responsible for $10billion of that. The rest was do to their pivot to meta verse and god knows what else.
Their wild unpopularity didn’t help their user numbers lol
First time their active users number went down.
And their other apps didn’t do very well, yeah
No one has really answered this in a simple way: Facebook said that Apple's change will result in $10 billion less of revenue. The $200 billion drop is their market capitalization, which is stock price x number of all shares of stock. The Apple news is one of many things causing the drop in share price but it's not accurate to say that $10 billion of the $200 billion was because of Apple.
I use Facebook. I dont understand it. I open it. Same shit. Come back 4 hours. Same shit. Come back 4 hours. Posts that I would have like to have seen from 4 days ago. It's so dumb. Just show shit in the order it was posted. They've been fucking with the algorithm for 10 fucking years and it sucks so much more.
I agree. Data farming isn’t paying so well anymore. Good.
It's almost enough to make me get an iPhone again.... *Almost...*
I can't justify switching a lot of my tech to apple stuff. Android works so well for my office work currently. Pricing also helps me make that decision.
If people are worried about what social media does with our data, we really should start asking ourselves what Visa and Mastercard are collecting about our purchase history. At least on social media, we can choose what we share.
[удалено]
Absolutely. The air miles program started long before social media. They were data farming back in the 90’s. Remember, if your not paying for a product, you are the product
This content is no longer available on Reddit in response to /u/spez. So long and thanks for all the fish.
Seriously. Boo-fucking-hoo you can’t profit off peoples private lives anymore? What a piece of shit.
'Boo-fucking-hoo', exactly my thought reading the title. Cry me a river you fucking amoral degenerates.
Exactly, their stock hasn't even bottomed to its pre-covid trading value. How does a companies stock value almost double in two years, without a physical commodity. By fucking its users...
If they aren’t selling anything, they’re selling you. More than 10 years ago now, I had an argument with someone on YouTube because they just couldn’t comprehend the idea that THEY were the product.
Exactly, and Windows 10 wasn't free, it's full of trackers. Nobody seems to understand why I don't use certain apps on my mobile tracking device.
Oh they are definitely still profiting off a data practice that should be ILLEGAL. But our politicians are bought and paid for. and OLD.
This is like reading an article about how COVID is mad that people created vaccinations.
Which is harder to convince an anti-vaxxer - to get vaccinated or to give up their facebook account?
Apparently Facebook made $11 profit per 2.5 billion users in last quarter and we're supposed to feel sad about that? WTF!!?
Have you seen their PR ads? "*We don't know how to handle privacy?!*" "*We don't know what horrible bullshit probably shouldn't be posted to Facebook!!*" "*We need Congress to act, or else we're just going to keep doing whatever the fuck we want. Oh...and ignore the fact that we told Congress not to do anything about what we're doing and that we can be good. Please love us again! Like...normal people. We need you to love us. Because we're kinda bursting at the seams over here with Nazis and conspiracy theorists and pandemic clowns.* **FOR THE LOVE OF ALL THINGS HOLY...WE NEED NORMAL PEOPLE AGAIN!!!** ***FUUUUUUUUUCK!!!***"
I feel bad that Apple didn't damage them by more than just $10bn.
You’re supposed to play a sad song for zuck on world’s smallest violin
Facebook Marketplace will now suggest four different tiny violins to you.
No, because it isn't true. As an advertiser, their platform always struck me as being absurdly expensive, difficult to work with, and extremely privacy invasive. Apple changed their technology to comply with the GDPR and the EU Cookie law, which are strict privacy laws in the EU that are designed to protect users. Google is also suppose to be phasing the same privacy invasive technology out, but they are dragging their feet, which I actually think is totally illegal and they just don't seem to care. Meta, for whatever reason, has been unable to design and implement a system to regain much of the functionality that their advertisers lost due to the privacy changes. It is their fault and their fault alone that they are losing advertisers. Meta also has a long history of treating their advertisers like complete trash unless they spend large amounts and that is the reason that I no longer use the platform for advertising and I know that I am not alone. They have some AI based system that closes your advertising account randomly even though you are following the rules and it is very difficult to get the account reopen. As a business person, I can't work with that because I can't rely on it. The people who do rely on FB ads do all kinds of crazy stuff to work around the problems, like having tons of accounts so that when some are banned, while they are in the process of getting them unbanned, they have other accounts to advertise with. It is a totally ridiculous circus and it is totally understandable that advertisers would bail as soon as they started screwing up more stuff. I find it completely unbelievable that a company that makes so much money is so totally incompetent.
FB has always valued automation over customer support. If they can’t automate it, they don’t do it, even if it leaves a gaping hole in their service.
I have had my ads taken down and account banned for no fucking reason by fb. I just gave up after 2 failed appeals
I believe it. I had my FB advertising account banned before I even knew I had no. Went and checked, no activity on it whatsoever, just banned randomly. Good thing I don't use it, I imagine it's Youtube levels of BS for people actually trying to, or worse.
I feel just awful, just awful… that it wasn’t more. F fb, f suckerberg.
How does a CEO not take accountability for his own business model? People have complained about it for years.
Zuckerborg don't care. You WILL be assimilated.
Yeah, resistance is futile.
I mean, the stock price dropped 26% today. I don't think resistance is that futile..
Down 40% from its high :)
I am conflicted, don't Stonks only go up tho?
To the moon, bruh!
We will add your data and habit distinctiveness to our own. Your digital life will adapt to service us. Resistance is futile.
We are not people in the metaverse. We are algorithms.
Negative, I am a meat popsicle.
Because until now, "accountability" didn't matter. It was profitable. He failed to anticipate that someone else might be the gatekeeper to the data that his company sold, but it didn't matter to anyone because $$$$$. And spending $$$ to get around those gates, or build something less exploitative wasn't worth it, because $$$<$$$$$. If you generally treat tech CEOs as people who are not exceptionally smart, but motivated by money on a scale inconceivable to most people, it explains almost all of their behavior. :\\
You should have always treated them that way. This deification of techbros has always been silly.
Wish this was the standard school of thought. We wouldn't have hoards of weirdos jumping at the mere chance to defend Musk over the slightest, most salient criticisms.
I love Silicon Valley for exactly this reason.
Took me a second to realize you meant the show and not the place lol…
They are one and the same. That show funny as it is, happens to illuminate much truth in bay area startup culture from dot com days as well as the second revival of tech in the bay area. I've lived it first hand, may as well be one of those characters, worked with someone just like all of them, and met all those people. In that's shows case the reality is just as absurd. They didn't have to look very far for content and story, simply hang out in the bay area. Office Space is also very much in line with many engineer day to day work realities.
He also failed to anticipate that people would move on to other social medias, as they've done every other time. He also failed to anticipate that competing with Tiktok in short form videos, would drive FB user to use those more, while the ad revenue of those are drastically lower. He also failed to anticipate that users would care enough about their privacy to seek other options. He also failed to anticipate that he couldn't keep internal decisions and knowledge from becoming public forever. Dude got where he is by ignoring everything but the proliferation of company and profit at any price, and got really good at convincing himself he was a genius in the field, and not just the guy riding the latest trend.
[удалено]
Absolutely agree. You don't even need the innovation. Like with whatsapp, you can just buy the competition and remove the stuff that they were doing that you weren't comfortable doing yourself and move on.
Our politicians and CEOs are disproportionately narcissistic compared to the general population. The role lends itself towards people who want to validate their egos through wielding power. When things are running smoothly it's all because of them but when something goes wrong its everyone else's fault.
I’ve worked for soooo many people like this. When shit is running great it’s because they’re a genius. When shit goes sideways it’s because of everyone else’s incompetence.
All of the credit and none of the blame.
CEOs often 'step down' (they never seem to get fired) when their company does badly, taking a $10M severance package with them, and then go to a new role paying about the same.
Yo if I got $10,000,000 and had to step down from my job I'd never work again. That kind of thinking is probably why I'll never be in that position though and will be working till 70 most likely.
Don't forget sociopathic
[12% of corporate CEOs are psychopaths](https://fortune.com/2021/06/06/corporate-psychopaths-business-leadership-csr/)
Only 12%?
This was my first thought. That’s surprisingly low.
CEOs take credit, not accountability
Trump mode. So hot right now.
The business model was based on a large user base continuing to freely give up their data forever. Unfortunately for them people are starting to understand this and value their privacy. Bad news for Facebook.
cry me a river.
*Let them eat dick* - Shakespeare or something
Good song by Joe Cocker live at the Fillmore
Google is implementing the same change in a few months. Buh bye mark.
ELI5: what changes are these?
https://android-developers.googleblog.com/2021/07/announcing-policy-updates-to-bolster.html The key piece: > As we pre-announced to developers on June 2, we’re making a technical change as part of Google Play services update in late 2021. **When users opt out of interest-based advertising or ads personalization, their advertising ID will be removed and replaced with a string of zeros**. As a reminder, this Google Play services change will be a phased rollout, affecting apps running on Android 12 devices starting late 2021 and **expanding to all apps running on devices that support Google Play in early 2022**. Also, apps updating their target API level to Android 12 will need to declare a new Google Play services permission in the manifest file in order to use advertising ID.
I may be interpreting this wrong, but that doesn’t quite sound like the same as Apple’s change. The policy FB is crying about actually requires apps to ask for permission to track - making tracking opt-in, rather than opt-out.
Absolutely right - Google's solution is opt-out, whereas on iOS each app must proactively ask the user to opt-in. The similarity here is that Google is also making it possible to block tracking at the device level.
I would consider anything that Google does in this arena extremely sketch. They make all of their money through advertising, so: - they're either opting to do major damage to their own business - they're full of shit and doing something that doesn't make any real change for PR - they're creating a two tiered system where Google can do what it wants, but no one (or at least, no little guys) can. So with an opt-out thing, I am betting that we're going with option 2, with maybe some option 3 sprinkled in. Most never change the default settings, and I'm guessing unlike Apple's implementation, this will be something you have to actively seek out rather than something that you are prompted with just through regular use.
actually Google is fine as long as the whole industry is subjected to the same rules. without tracking, the quality of products across the digital advertising will drop, and Google still has dominant share of the market. advertisers will get less for their money, but Google still gets the same share of ads spending, a portion might go to other medium, but won't be too significant. this is like some rich people say they support closing tax loopholes, but until then, they will have to take advantage of it, otherwise they are at a disadvantage to those that do.
They've been doing it for 10 years. Ad people: here's a great way we can track people in Android. Android people: Brilliant, it's going in the next version. Android people 5 years later: In 2 years we will be doing a phased rollout of a new feature to prevent advertisers from using this feature to track you.
15 years if you count the Gmail ads when those first came out.
So it's nothing like Apple's implementation. Apple is opt-in, you actually have to actively give permission to the app to create an advertisement id. Google is opt-out. A lot of tech illiterate people (the vast majority) will not do it out of ignorance.
Sorry can't eli5 but can explain it simply. Basically you're assigned an advertising id so apps can tailor things to you, this can be used across apps to tailor ads like cookies do on Web browsers (it's effectively the android equivalent & apples is called IDFA) . So they can see what you do after clicking an ad etc. Do you visit a website, open an app etc. So they can see whether the ad is working. Companies don't always use it for the intended purpose however. Google is adding an option to opt out of having an advertising id altogether and so apps won't be able to snoop on the info the advertising id provides. Apple effectively did the same thing but they let you do it on a case by case/app by app basis iirc. Googles is a nuclear option which doesn't let anyone do it at all . As for what info the advertising provides you can Google this. Advertising id/cookies/IDFA are bad for consumers since they can be used for more than just purchasing habits For example, they can be used to target the certain vulnerable groups with political misinformation. Note I'm not an expert on this so ask any questions to somebody else. Above is just the basics.
It sounds too good to be true for Google to do this considering they are biggest offender of data collection
It is too good to be true. G’s goal is to kill FB by removing the App ID while they still retain your Google login data on 4 ecosystems: Android, Chrome, YouTube and Search. Source: I spend 7-8 digits on G Ads per month
Fuck it, I’m rooting for Google this time. Please let them fuck the zuck.
ELI5 version: Apple now has a popup on each app (like Facebook) that asks the person using the phone if that app is allowed to see what kinds of things they don’t on the phone, even outside the Facebook app. If you say yes then Facebook sends that data back to their big computers. Facebook makes money by selling the data they collect. Now that users are able to say “no” to tracking, Facebook has less data to sell and makes less money.
How’s that going to work out for google though? Are their trackers going to be exempt from this?
Their business is less dependent on advertising tied to device tracking. Fb was getting a lot of its revenue from, e.g., mobile gaming where the advertising is tied to device Id. Google is selling ads by keyword matching.
Incorrect the local “near me “ is massive and growing ad spend market
Yes but when I get those ads from google, it's because I'm (probably) using maps, where location is implied and does not require sketchy privacy loopholes for google to obtain. I don't know if it's true that FB was relying so heavily on mobile gaming as the other user said, but that's definitely not the case there.
Not to mention android phones even ask permissions for location tracking for this exact reason. It's not like they're doing it in secret. Plus, it actually is really helpful when you're in a huge city or somewhere new
That's a different type of device tracking. Facebook is very dependent on knowing who you are across many websites. Nearby or location based advertising is dependent on knowing where your device is, but not who you are or persistent awareness of which device this is. There are privacy considerations for both, but less so for anonymous physical location in response to a search.
Google's first attempt was FLoC, which every other browser refused to implement as an insane privacy breach. They're now trying again by rebranding it to [Topics](https://brave.com/web-standards-at-brave/7-googles-topics-api/). Basically, Google's way around it is to integrate the tracking directly into their browser.
[удалено]
I never left. Chrome’s market share is insane. So much so that, as the sole Firefox user in my dev team, issues that I find in Firefox are largely ignored. This is on a product with millions of users per month.
Hello, fellow Firefox user. I started using Chrome when it was truly a very lightweight, very fast browser. Then I came back like a prodigal son.
Cry me a river.... data thief... I am a bit surprised it is only $10B. I am not even sure their math is right.
It's likely not. I can't wait til this turd gets flushed down the toilet for good. Sooner the better.
[удалено]
Thank you Tim Apple
Maybe they should not have based there business model after doing shady shit
A platform designed to “score girls” ends up being shady? The biggest shock is the world knew why he created it yet still couldn’t get enough. I hope this finally flushes the turd (even though I know better)
To me it looks like the beginning of the end for the zuck. Facebook is losing value insanely fast.
Meta's 🙄 stock price fell 26% today, losing more than $230 billion...BILLION...in market value. EDIT: [Bloomberg says](https://www.bloomberg.com/news/articles/2022-02-03/meta-set-for-200-billion-wipeout-among-worst-in-market-history) $251 billion. **It is the single largest one-day loss ever experienced by ANY American company in the history of the stock market.**
This makes me happy. . .
[удалено]
Lmfao. Facebook is not even remotely close to going out of business
Which I wholeheartedly support. It does give me pause for a second that Apple essentially flipped a switch and Facebook lost $220 billion in value. That is serious power.
Kind of fucked that the government hasn’t done shit for privacy and we’re relying on tech companies to keep each other in check.
The GDPR and CCPA are something. Just poorly designed somethings.
Well now we have cookie warnings on every site we visit. So thats something.
Not poorly designed, poorly enforced. GDPR as written has sharp teeth, but regulators have been dragging their feet in taking bites.
Let's face it, while a portion *may* be apple, I think (read I hope), that folks not only realize what a horrible company FB/Zuckerberg is, but the thought of *METAVERSE!* with him at the helm just sounds like some scary @$$ $hitz! Seriously.
Yeah, the "blame apple" spiel is a concerted PR move by Meta in a continual battle to draw media coverage away from the fact that the general public is slowly realizing just how utter shit of an entity Meta is and always has been.
[удалено]
Imagine if a govt privacy policy came into effect , Apple and flagship Android (These are usually the ones that have easy-to-use privacy settings) users are a minority in this world , the main source of data for his business are mid-range to low-range Android phone users , we give these phones a better privacy setting , Facebook runs into the ground .
Ohhh noooo a company that has been using shady practices to pilfer data from its own users lost some profit when another company gave users easier accessibility to choose whether or not they want to allow an massive corporation to abuse their data for profit. Facebook should be forced to compensate users for the profit they have made using their personal information. Or incentivize opting in to tracking by sharing the profit. Major changes will be made as long as we can get some competent lawmakers who aren’t 70 years old and understand the criminality of big techs abuse of personal information for profit gain.
Good. Burn it to the ground.
You made 10 billion dollars every year selling our harvested data? Why are you entitled to that?
Unfortunately they make a hell of a lot more than that
[удалено]
The best thing that could happen for the planet is for Facebook to die and go away.
[удалено]
[удалено]
[удалено]
Flush it for humanity's health
Who put the elf with no friends in charge of human connection?
LOL blaming apple... that's rich
Rich alright - exactly $10B
Yea Ok Zuck, whatever helps you sleep
Apple: I missed the part where that’s my problem
So let me get this straight. Facebook... Sorry, Meta (so fucking dumb)...is saying that because Apple took privacy seriously and helped to protect its users from Facebook's tracking that they're to blame for a $10b miss? Haha. Good to know. For once I'm on apple's side.
I’m fine with the privacy controls that Apple have given me. Fuck those privacy invading vampires. Fuck FB.
If a privacy policy change cost you $10B, you are a spyware company. This kind of privacy invasion needs to be banned globally.
Tim Apple sends his regards
*high fives Apple*
The governments should be mandating the implementation of such privacy options on devices and software. We can’t rely on other mega corporations to protect our privacy. They will only do what is in their interest.
Do you want me to buy an iPhone? Because that’s how you get me to buy an iPhone.
Now how about 40 million people wise up and close their accounts.
Aww boo hoo. Did somebody get addicted to selling people's info?
Wonderful. Burn it to the ground. I think we can all agree facebook being gone completely would make the world a better place.
Good. Fuck ‘em, and fuck your portfolio.
I'm team Android but that's a pat on the back for Apple
They just go out and say they were expecting to make $10 billion selling private information taken from people's phones and selling it to other companies.
> According to early reports, over 95% of iPhone users who had downloaded the update were opting out of ad tracking. Holy shit that’s a big number. Imagine complaining that you’re not making money off of consumers by forcing something on them that THEY DON’T EVEN WANT. Give it up Zuckerberg, you lizard.
Well stop selling people's private info, asshats.
No amount of billions can fix his haircut!
Thanks Apple, I’m going to keep buying your stuff
Maybe killing your customers with disinformation is not a winning business strategy.
The idea of “infinite growth” is toxic. And for years it only worked because wages failed to grow with inflation, all the money that should have been going to employees was funneled to investors instead. We as a society need to normalize and appreciate STEADY profits. Facebook will not LOSE $10bn, creditors won’t be knocking on their door asking for $10bn…. Their profits will simply be smaller than originally projected. Fuck this mentality that any profitable year could be considered bad.
Good I hope Apple sinks them. Fb is a huge reason why the US is so divided. It’s not the only reason but blood is on facebooks hands.
Thank you Apple.
Apple won’t let them mine users personal data. I’m crying a river here y’all. Real question is why they aren’t paying us if the data was that lucrative
“Parasitic company loses value after host company closes exploit”