This Week in Startups Meta's precarious situation, $AMZN earnings breakdown, James Gunn to run DC + OK Boomer | E1598
Oct 28, 2022
Lon Harris, a streaming expert and contributor, joins the discussion on Meta's financial woes and Amazon's earnings, analyzing how these giants are navigating challenges in the digital landscape. They dive into the monumental finale of 'House of the Dragon' and the intriguing ascension of James Gunn in the DC universe. Tommy Clark, head of social at Triple Whale, shares insights on the impact of social media on marketing strategies, while the group also commiserates over the complexities of the streaming industry.
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Meta's Downfall
- Meta's massive market cap drop affects investors and employee morale.
- Zuckerberg's bet on VR/AR seems misguided, given low employee usage and user stickiness.
Governance Issues
- Reconsider super voting shares after Zuckerberg's decisions.
- His poor governance and data mismanagement harm shareholders and society.
Meta's Strategic Missteps
- Meta should focus on existing platforms like Facebook Marketplace and Instagram commerce.
- They should also improve revenue sharing with creators and build payment experiences.
