So the idea is that Facebook essentially wants to distance itself from … well, Facebook. The company will be named Zuckplex let’s say and then it has a range of products of which Facebook is just is one. It has the feel of a mobster trying to move assets into legit enterprises.
2/Or simply one of many companies that began as makers of something obscure or tawdry and then tried to moonwalk their way into something classy and respectable. For some reason I’m reminded of Banana Republic’s transition from kitsch safari gear brand to midrange clothing brand.
3/ Not really the same thing but somehow seems related. Google obviously did this. So there’s precedent. But two big issues stand out. The first is that Google was already far more diversified than search by the time of the alphabet rebrand. Maps, gmail, self-driving cars …
4/ android, YouTube and these aren’t even the more obscure lines. In any case, are all connected by networks of data. But they’re pretty varied. Facebook is still mostly Facebook. But it’s other big brands like Instagram and WhatsApp are also social networks or adjacent to them.
5/ And mostly they were bought to manage competition with Facebook or control a comparable business model in other demographics or mediums. Oculus is the odd man out here. Not only are these acquisitions tied to protecting the core enterprise. But it’s also notable …
6/ how little Facebook has created as opposed to acquired. Google bought YouTube. But pretty early. It also bought Doubleclick which was a critical acquisition in the creation it’s ad ecosystem. But these were relatively early acquisitions which were thoroughly assimilated …
7/ into the google collective to the point of being almost unrecognizable. In any case, interesting contrasts with google. But the key is Facebook is mostly just Facebook and to the extent it’s not it’s overwhelmingly social media-centric. So disassociating itself from the …
8/ toxic Facebook brand will be a challenge.The second point is that Zuckplex says it’s really now a company creating the “metaverse’, whatever it’s obscure origins in a shady social network. And what is the metaverse? Well, no one including Facebook seems entirely clear on that.
9/ But the gist seems to be a big virtual alternative world that you can hang out in as opposed to being in the real world. So a lot of Virtual reality, augmented reality and whatever else. So here’s the question. To the extent there’s a metaverse thing that involves …
10/ operating in a virtual space in which you receive all sensory input from the company that runs it, do you really want that company to be Zuckplex? I mean that sounds terrifying. The questions are so vast it’s not like other potential players,google or Apple are white knights.
11/ But Facebook is in a class of its own in terms of terrible and sleazy brand reputation and not the kind of operation you’d want controlling access to your sense perceptions. And it’s not just reputation. As I’ve explained in articles at @tpm in recent years …
12/ bad acting is deeply rooted in facebooks corporate culture. It’s core business model is inherently more predatory on the rest of the web than google. And google itself is insanely predatory. In any case, this seems pretty clearly a rebrand of desperation, with …
13/ a new purported corporate slogan that’s still only half way between buzzword and being any actual thing. And if it does becoming a thing, is there any company you’d trust less to augment your reality or pump stimuli into your sense than Facebook? Sorry, Zuckplex.

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More from @joshtpm

20 Oct
obviously she’s not the only one supporting these things. but all of them together really is basically the economic agenda of dc lobbyists, private equity and VC world. It’s what you come up with if you give each lobbyists a shopping list to fill out at donor events
like again, it’s not that she’s unique precisely. but basically this is a list you come to only if you have no policy views and you have the donors text their asks while your on the phone to the White House. She doesn’t even go through the motions
3/ I mean, carried interest. Lol. According to IRS regs you’re not even allowed to know what carried interest means unless you make more than $2m a year in taxable income.
Read 4 tweets
13 Oct
Have been thinking about this. Demoralization among Dems - driven overwhelmingly by dawdling on Capitol Hill, maybe secondarily by slow motion investigations - is endangering the outcome in the Virginia Gov's race.
2/ There is a big and dangerous disconnect. It's hard to see any sense that there is any sense of urgency in DC about bringing this legislative round to a close. It's actually very urgent. Everyone with a vote who is negotiating in the press (which includes almost everyone) ...
3/ desperately needs to STFU. Get in a room get to where this ends up. Pass the legislation and move on. Obviously everyone is angling for their desired outcome. And that's totally understandable. But they're arguing over how to do the house renovation while the house is ...
Read 5 tweets
10 Oct
what's weird abt this is that, if i'm reading the details right, it suggests sharing with an ideological and nationalistic motive rather than cash which has been the standard motive in recent decades.
2/ reading the piece again it suggests that foreign country ratted the couple out. Says the guy send docs to foreign country and that those docs were then forwarded to an FBI official. FBI then set up a sting. Makes it sound like the foreign country didn't want to play ...
Read 4 tweets
9 Oct
So much of the “popularism” discussion seems like people talking past each other. Like should you pick popular positions or build movements to build support for things that are good. I don’t really know where to go with that. But one point is the issue of polling and …
2/ fooling yourself with polling, a very common thing. I think of the conversation a few years ago about Medicare 4All when there were lots of polls showing it with huge support. But these were polls that generally asked something like would you support letting everyone …
3/ join Medicare. Obviously huge support. No countering w costs, abolishing private insurance, etc etc. I’m not trying to relitigate that argument. We’d be better off with almost any of the plans in Europe etc. but those polls really did convince a lot of people that M4A was …
Read 16 tweets
7 Oct
The current situation Cruz has created for his GOP colleagues captures the way that irresponsibility, the evasion of responsibility has become the centerpiece of GOP party ideology. The caucus is happy to allow Dems to do on their own what every GOP member knows MUST ...
2/ be done: pay the country's bills. They're willing to allow it if they don't have to touch the process. No fingerprints. But big preening dickwad Ted comes along and says I'm going to object. Now he's created a situation where 10 GOPs have to help overrule dickwad Ted.
3/ But it's proving super hard to find 10 because voting for what's technically called "cloture" - forcing Ted to sit the fuck down is in GOP logic basically just voting to raise the debt ceiling since it makes it possible for Democrats to vote to do it.
Read 5 tweets
7 Oct
Ozy is clearly an extreme case. But having been in this space a long time I'll tell you that virtually everything they're accused of is something that some big operations have done and in a lot of cases most of them have done. axios.com/ozy-medias-dee…
2/ I mean, lying about traffic and audience? LOL. Get in line. Building a round by a lead is in who isn't in? I mean, that's all but best practices in digital media VC world. Many times over the last decade I've had people ask me about this or that company, some times ...
3/ just out of curiosity, other times because they're potential investors in those companies or maybe they're partners or advertisers and I'll say well, this may be a promising investment but let's just be clear all the numbers are fake, ok? Like you know that, right?
Read 4 tweets

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