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johnbattelle's profile
John Battelle
John Battelle
John Battelle
Verified account
@johnbattelle

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John BattelleVerified account

@johnbattelle

A Founder of NewCo, sovrn, Federated Media, Web 2 Summit, Industry Standard, Wired; investor & writer on Media, Tech, Culture, Business. Producer, Shift Forum

New York, NY by way of Marin. California in my blood. NY in my brain.
battellemedia.com
Joined April 2008

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    1. Yonatan Zunger  🔥‏ @yonatanzunger Jan 5

      Yonatan Zunger  🔥 Retweeted John Battelle

      So long as CEOs have a fiduciary duty to maximize profit above all else, most problems are hard. This is why, as @johnbattelle accurately notes, Zuckerberg would have to be taking corporate acid to try to actually fix Facebook's deeper problems.https://twitter.com/johnbattelle/status/949420264152031239 …

      Yonatan Zunger  🔥 added,

      “Facebook’s core problem is not foreign interference, spam bots, trolls, or fame mongers. It’s the company’s core business model, and abandoning it is not an option.” from “It’s the Advertising Model, Stupid.” by John Battelle.
      John BattelleVerified account @johnbattelle
      New, by me. I don’t know why I’m writing longish stuff every day. But … “It’s the Advertising Model, Stupid.” — @johnbattelle https://shift.newco.co/its-the-advertising-model-stupid-b843cd7edbe9#---0-164 … pic.twitter.com/QPV26Ltsyt
      6 replies 20 retweets 63 likes
      Show this thread
    2. Yonatan Zunger  🔥‏ @yonatanzunger Jan 5

      Really, it's not just a duty to maximize profit: it's a duty to maximize *short-term* profit, Q/Q or Y/Y. Batelle's "drop acid" strategy is almost certainly the one which maximizes FB's long-term value, on scales of 10-20 years — but investors don't care.

      4 replies 3 retweets 28 likes
      Show this thread
    3. johnstieger‏ @johnstieger Jan 5
      Replying to @yonatanzunger @johnbattelle

      Actually it's not a mandate to maximize short term profit...it's that 'a dollar today is worth more than a dollar tomorrow' / Discounted Cash Flow valuation model underpins so many aspects of modern finance.

      2 replies 0 retweets 0 likes
      John Battelle‏Verified account @johnbattelle Jan 5
      Replying to @johnstieger @yonatanzunger

      It's also the compensation model. Options have driven significant negative externalities.

      4:33 PM - 5 Jan 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. johnstieger‏ @johnstieger Jan 5
          Replying to @johnbattelle @yonatanzunger

          Absolutely, tied to DCF. Though with different share classes Zuck COULD do whatever he wants...but there would be a talent Exodus.

          1 reply 0 retweets 1 like
        3. johnstieger‏ @johnstieger Jan 5
          Replying to @johnstieger @johnbattelle @yonatanzunger

          Which highlights how amazing Bezos is, can't think of anyone else who got the market to believe in future profits for so long.

          0 replies 0 retweets 1 like
        4. End of conversation

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