The magnitude of my stupidity at that moment is something I never want to forget.
So what? What does that say about society or the exec\brands that prop her up? There is no dearth of misguided smart people in the world doing dumb shit.
Facebook was stupid in 2007. Imho it is stupid today. People worry about AI causing unpredictable damage to society. I worry about Facebook doing it much before AI does.
It is a social experiment that should have been run inside the safe confines of a social science lab. Running social experiments on the real world, at this scale just because the tech makes it possible, and advertisers fund it is like watching the plot of Jurassic Park play out.
Maybe a quote from there is apt - "Isn't it amazing? In the information society, nobody thinks. We expected to banish paper, but we actually banished thought."
Kara Swisher's advice still stands.
DST's investment in Facebook turned out a great profit. The general rant about the "state of society" and Kim Kardashian is kinda irrelevant to this conversation.
"MA: You’re comfortable with the $10B valuation?
YM: Absolutely. And, you know, I can repeat the reasons why. Basically, I think they have a very unique perspective on social network monetization, that other investors don’t necessarily see. You see how social networks have been monetized in our part of the world, and we’re just doing our math and coming up with numbers that we feel very comfortable with going forward. We don’t really value this business on (fee?) basis 2009 but rather on a longer term, based again on our experience, and we’re very confident that, you know, those numbers can be achieved."