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Comment by ozataman | Hacker News Reader

Well, this is my gripe with their "go fast and break things" mantra. It works as long as you have such a highly desirable product that your users just don't care if you're doing everything right. (Or maybe you're in a non-mission-critical business, or better yet, your customers are a bunch of kids!)

I'm all for going fast and sincerely believe in "A sense of urgency", but Facebook is really lucky they're not serving more serious/demanding customers.

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It works on facebook because no one uses facebook for anything important. But messing with iOS contacts... that's reaching out and breaking things that aren't on facebook.

Define important. It's become my de facto social calendar, and it's how I communicate online with most people that aren't geographically close to me. (I'm honestly not even sure I even have their email addresses, especially not since this fiasco.)

Yea I communicate with my friends through facebook. That's one way to do it. My communications with friends aren't important compared to something like email which I use with investors or for business. However facebook drops messages often enough that I wouldn't use it for important stuff even if I wanted to.

Facebook is serving shareholders now. I'm hoping there are some serious repercussions internally at FB for this, because as a shareholder, I'm pissed they messed this up because the user base is upset and will continue to stop trusting Facebook.

How's the stock supposed to get back to 38 now?

it isn't.

Did you buy at 38?

Your mistake was buying into FB. Honestly it will take a major acquisition to reach 38.

How's the stock supposed to get back to 38 now?

Sorry to be cynical, but: it was never supposed to be at 38 in the first place. Facebook isn't worth anything close to its nominal market cap, it's just the latest very high profile pyramid scheme, or rather it would have been if they hadn't gone in so absurdly high with the IPO that even the heavyweight investors interested in risky tech stocks have mostly run away.

If you valued Apple like Facebook was at 38 Apple would be worth over 2 trillion dollars. Also keep in mind Apple is faster growing than Facebook in terms of actually making money.

Yeah, sure there is some potential but perhaps not that much. Everyone does scream its got the same trajectory as Google, but the thing is they are already slowing down.

If the stock hits 38 again and Facebook has not figured out a marvelous new way to make a lot more money, then its all just speculation and gambling.

"...because as a shareholder..."

A couple quick questions:

1. How much did you buy in at? 2. WHY on Earth did you buy?

I wish their mantra for anything that touched this much personal contact/privacy information was, "slow down and think things through".

(Granted, a LOT of Facebook touches personal information, but something like this is pretty tendril-y in its reach).

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