π Facebook, Instagram, and WhatsApp dominate the social media market
π Facebook's strategic timing and methodical approach contributed to its success
π» Facebook's slow growth allowed for technological advancements and hiring of intelligent engineers
π Facebook's success is attributed to its unique growth team and focus on monthly active users.
π§ The growth team used data to create features like 'people you may know' and the addictive 'like' button.
π° Facebook's advertising strategy revolutionized the industry by allowing targeted ads based on demographics and interests.
π Facebook's key strategy for global domination is acquiring companies and integrating their features into its own platform.
β±οΈ In the early days, Facebook focused on building its platform quickly, leading to controversies regarding content moderation and the spread of fake news.
π‘ Facebook's success is attributed to its ability to target users with personalized content and advertisements.
π‘ Facebook introduced features to combat misinformation, but they were ineffective in the 2016 election.
π Facebook's algorithm prioritizes sensational fake news stories for engagement and ad revenue.
π Privacy violations, such as the Cambridge Analytica scandal, brought scrutiny to Facebook's handling of personal data.
π Facebook's rebranding to Meta reflects its aspiration for global domination.
πΌ Under the new parent company Meta, Facebook continues to thrive in emerging markets by providing accessible internet services.
π° Meta's expansion plans aim to recover from the financial setbacks caused by the COVID-19 pandemic and increase profitability.
π Meta's plan to dominate the world through the metaverse and virtual reality.
π» Meta's strategy to eliminate competition, including Twitter, and their success with the app Threads.
π€ Meta's focus on open-source artificial intelligence and its potential impact.
π§ Meta's open-source AI can be scrutinized and improved upon by the public.
πΌ Meta's control over technology raises concerns about monopolistic behavior.
π Meta's acquisitions and predatory pricing could limit innovation and harm competition.
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