[1] https://www.reuters.com/article/us-apple-google-settlement-i...
Incidentally, the decline of their platform is one of the reasons why I believe it is unlikely there will ever be a serious Meta third party App Store competitor on iOS- Facebook isn't very good at managing a developer community.
It just wasn't worth it when a developer could reach people on FB with ads instead, and point to their mobile app, where you can attempt to fully capture the value of the customer rather than just rent them from FB. Forgive me for the business speak there, I'm no longer in that space thank the stars.
They were really jealous of twitter being the source of “trending” topics on news broadcasts and wanted that role, so they boosted links and news articles rather than updates from friends, they even experimented with making all posts public.
It’s like they don’t know that their strength was that you could connect with people you know and care about, but they wanted to be another “shouting in the wind” platform.
It probably helped their short term metrics but it really seems like this decision was terrible in the long term.
I and a lot of people I know began to disengage when Facebook mostly became people I didn’t know so well posting political crap.
https://about.fb.com/news/2021/06/f8-refresh-developer-confe...
There are a lot of factors that went into FB’s meteoric rise in the 2006-2014 range, but I think more than anything it was Sheryl telling the wage cartel that they could get fucked.
High-end Google hackers could walk across the street and TCO 2-5x more with negligible increase in risk.
The main factor was MySpace being a mess, something like Twitter is today but nobody bothered to get it right except Zuckerberg.
I'm dating myself here, but back in the day, there used to be a weekly(?) strategy review that Google execs did, called a "GPS review" - I think it stood for Google Product Strategy review.
My guess is that a few 'misalignments' (exec speak for a review that went poorly) might make some key employees unhappy (e.g. their projects might get canceled) and that they might leave.
Sorry I don't speak English natively (and to make things worst, I'm Italian!!) and I'm not sure I was able to express my thoughts in a comprehensible way! Please feel free to rephrase if you can do it better then me! Thanks! ¯\_(ツ)_/¯
As for that Googler- well, there were always a bunch of people there who had some or another circumstance that made them incompatible with the larger Google culture.
But I'm assuming he did great at the whiteboard interview! Being sarcastic but I've always been surprised how some really terrible personalities are hired because they aced the tech quizzes.
You say those times are gone, but have you seen what FAANG pays people now?
https://www.businessinsider.com/google-promises-employees-16...
So they would have made WhatsApp work only with “Gmail” addresses instead - with Google Login and in a Chrome Desktop app only (of course) - and they’d have then shut it down after few years. Or people might have stopped using it before the shutdown.
15 years later, this is still a widespread problem everywhere. People don't capture the full value of their labor (which makes a sort of sense, given imperfect information and how risk is allocated), which leads to people not being incentivized to increase the value of their labor.
We've all heard stories about people being extra efficient and getting rewarded with raised expectations and maybe a paltry raise. If people were really incentivized to do their best work, I imagine we'd get a better world.
This doesn't just make a sort of sense to me, it makes perfect sense.
People trade their labor at a lower rate for higher stability (less risk). The people who start companies, find capital, and distribute that capital in ways that increase the value of the company have taken on more risk (how significant varies case-by-case and usually is a natural market cap ceiling to the total value the owners can extract ahead of employees).
If the company I work at gives me shares in that company, I want the company to pay less for my labor (and everyone's) if my belief is that collectively all employees output will accelerate my own wealth creation when I sell my shares in the company. The share becomes a transitive store of value I believe my own labor alone will never be able to keep up with, and I want to make sure the value it's accumulating is not diminished because the company is paying out the full capital value of everyone's labor. Then there would be very little incentive for me to take the shares in the first place, and, honestly, very little incentive for anyone to start a company (why take on that risk if there's no payout in excess of just joining another company?).
Why would you expect people to capture the full value of their labor?
Imagine you operate a business. You do the math and determine that hiring a new employee will cost you $100K/year, but it will bring in $100K/year of revenue. In other words, the employee would capture the full value that they create (assuming nothing goes wrong).
Do you hire that employee? Of course not. It doesn't make any business sense. It's more work for you, more risk for the company, and most importantly it provide $0 financial value to the company. It's an easy no.
Now if you can hire someone for $100K and their addition will bring in $150K, that's a different story.
You can't expect to capture the full value of your labor as an employee. However, you're also free from capturing the full value of the losses you might create. If you fail to ship your objectives or you accidentally drop the main DB and cost the company $100K, you don't receive a bill for the negative value you created. You get to keep your paychecks.
> which leads to people not being incentivized to increase the value of their labor.
This doesn't make sense at all. People increase the value of their labor all the time because it leads to more and better opportunities and gives more leverage in future negotiations.
You don't have to capture the "full value" of your labor to have an incentive to improve.
I think it is primarily due to de-risking. You agree with your employer that the biggest percentage of your income will be fixed and independent of how much value the company produced (be it profits or share appreciation or whatever). This makes sense because your life has high fixed costs, and your cash-flow cannot allow for years when you make zero (or even a negative amount), even if in the next one you would make 5 times your current salary.
> which leads to people not being incentivized to increase the value of their labor.
Don't think this is necessarily true. I would love to walk into an apple orchard now and spend an hour picking if I could keep 25% of the apples.
Assuming wages are a function of the free market. And the less mobile people are, the less job-applicants exist, and the higher wages need to be to poach. Incentivizing for good work might have diminishing returns after a certain point.
If it does it's no longer capitalism.
The subject of this email (Facebook) famously declined to participate however.
Finally, the whole thing got settled (slap on the wrist but something at least), so Google employees could finally get an answer in the weekly all-hands (TGIF).
Laszlo Bock was their head of people at the time, and claimed that Google still did nothing wrong, and that they only settled because they were caught up in the whole thing with other companies like Adobe who did do something wrong. He said they did nothing wrong because they only stopped outbound recruiting towards employees at those companies, which had no effect, and still accepted inbound applications.
This raises the obvious question - if outbound recruiting had no effect, why was Google so eager to put at end to it? And how could Google act like they were caught up it the crossfire when it was specifically emails by Sergey Brin that provided the strongest evidence of illegal collusions?
It blew my mind how Google insists they hire "the world's smartest people" but then can have executives on stage spin narratives with ridiculous holes in it and expect those smart people to believe it rather than have their intelligence insulted.
But sadly, most Google employees did seem to buy it. There's a strong cult of indoctrination, starting with calling yourself a Googler and wearing the stupid hat, that Google execs just had a halo effect. I think between 2010 and now that halo effect has massively worn off, especially with all the dirty details about misbehavior from Sergey Brin, Vic Gundtora, and Andy Rubin.
Nonetheless, it served as strong evidence as to how even really smart people can get caught up in cult-like communities. The "founder worship", the indoctrination into company culture, all of that is super common in Silicon Valley tech companies and for an obvious reason - it works.
As an example they will finally increase vacation from 15days to 20days on April 1st this year.
The media reports this as "on top of already lavish perks Googlers are now getting 20 days of PTO a year!".
Gee whiz amazing. An increase from 15 days of PTO. If only we didn't much more than that in my much lower quality of life home country as a standard for tech workers.
And sorry if this sounds a bit spoilt. I should be grateful to work at a large megacorp in this economy right? It's just that Google isn't any better in terms of working conditions than any other big tech company. In fact in general it's a little bit worse yet there's propaganda movies (The Internship) about how great it is to work at Google.
It's a job. No one else seems to want to acknowledge it.
I don't remember reading about any formally signed agreements. Executives aren't going to create an incriminating paper trail like that. Instead, it was some complaints in emails and an implied understanding. E.g. Steve Jobs and Eric Schmidt emails: https://en.wikipedia.org/wiki/Eric_Schmidt#Role_in_illegal_n...
[1] https://www.engadget.com/2014-03-24-emails-reveal-that-steve...