Comment by Apocryphon

Each one of these platform empires from IBM to Microsoft to Google to Amazon to Uber has been very successful at foreseeing and executing on trends, until they're not. Meta was so for a long time, but not necessarily in recent years. That will, inevitably, be the fate of TikTok and whatever future empires arise from the current environment.

I am not saying Zuckerberg hasn't achieved much in the past. It's just funny to crow about his "super power" when Facebook reached critical mass over a decade and a half ago and has been able to coast along as a money printer based on network effects. And also as a Xerox copy printer- I always like to bring up the time they cloned HQ Trivia.

https://news.ycombinator.com/item?id=31691294

https://news.ycombinator.com/item?id=27933874

It's good for a platform empire to spent some of its lavish riches on R&D, even if it's just to diversify its moat and further entrench itself. But less so when that ends up as a quixotic boondoggle no one asked for (Metaverse) or as a blatant unoriginal copy (Reels, Confetti). At some point it's not really brilliance to be "foreseeing and executing on those trends" when you have the resources to chase after every trend. Then you've just turned your megacorporation into a VC fund, throwing anything and everything at the wall until something sticks. As we can see, there are a ton of initiatives, projects, departments that don't stick, and some quite spectacularly (Metaverse, again).

Eventually you just end up with the unoriginal silliness of LinkedIn Stories or every single platform including FB having its own Clubhouse, even when Clubhouse itself was a fad that faded as quickly as it appeared during the height of the pandemic.

https://news.ycombinator.com/item?id=27580241

What I'm saying is, what has Zuckerberg done lately?