SBF

SBF @SBF_FTX

12) Remember: it's reputation was, uh, quite bad. So one way to help it is to make people like it more. But anoth… https://t.co/s2rYjKxOL5 — PolitiTweet.org

SBF @SBF_FTX

11) But nonetheless, it could still *lose* users and revenue. So it had to help its reputation somehow. So what d… https://t.co/NeT3NF6tnC — PolitiTweet.org

SBF @SBF_FTX

10) And, relatedly, it was making, uh, a lot of money. So in case you thought the solution was "well make more mon… https://t.co/m00VzKqHh4 — PolitiTweet.org

SBF @SBF_FTX

9) Facebook didn't stop growing because of tiktok or bloat or narrative--it stopped growing because, well, there wa… https://t.co/J8fI0vyEFS — PolitiTweet.org

SBF @SBF_FTX

8) So, what do you do, if you're Mark? Well, first of all, you'd love to reignite the growth! That would be great… https://t.co/wMtaiXZwMS — PolitiTweet.org

SBF @SBF_FTX

7) Second, their growth was stalling out. Their MAUs--after two decades of continuous growth--had stagnated. And… https://t.co/B854KUzb5e — PolitiTweet.org

SBF @SBF_FTX

6) Facebook was having a bad time. First, their reputation was, uh, not great. The single most bipartisan senate… https://t.co/g1agdcdORx — PolitiTweet.org

SBF @SBF_FTX

5) Which is a tip off that it's probably missing something: it fails to correctly explain/predict what caused them… https://t.co/AEANyvT461 — PolitiTweet.org

SBF @SBF_FTX

4) The prevailing narrative seem to be, roughly: 'lol it's dumb haha' Which is a theory, I guess, but it doesn't… https://t.co/fQprJYpGnr — PolitiTweet.org

SBF @SBF_FTX

3) What's up with @facebook changing to @Meta and spending tens of billions on what twitter tells me is, uh, fake l… https://t.co/ZT4Vjlsr4l — PolitiTweet.org

SBF @SBF_FTX

2) OK FINALLY A NEW TOPIC not, uh, meta advice? — PolitiTweet.org

SBF @SBF_FTX

1) Meta Mark — PolitiTweet.org

SBF @SBF_FTX

@haydenzadams if only there were some decentralized API-like layer that multiple companies could interface with per… https://t.co/A6a6nDjUYc — PolitiTweet.org

SBF @SBF_FTX

@TheEsscay <3 — PolitiTweet.org

SBF @SBF_FTX

20) And the only remaining decision is whether we should run with *our* beliefs about what is best, or whether some… https://t.co/tessAI8Ct3 — PolitiTweet.org

SBF @SBF_FTX

19) That's how we operate, and the way that we would be able to collaborate. If that doesn't work--if we aren't ab… https://t.co/vJwGGu9pHk — PolitiTweet.org

SBF @SBF_FTX

18) So anyway, long story short: If people disagree with us, we're super excited to chat and see if we can come to… https://t.co/uWGFqtyQmc — PolitiTweet.org

SBF @SBF_FTX

17) So, to go back to the top-- when we disagree with a company we're advising: we'll try to argue for what we th… https://t.co/HkTmZq6ybx — PolitiTweet.org

SBF @SBF_FTX

16) And so in practice, your options are: a) let them do X and hope they're right or that they learn to accept Y b… https://t.co/cDt85KZzAB — PolitiTweet.org

SBF @SBF_FTX

15) In some extreme cases there needs to be a leadership change--that's the only real way to change a company's vis… https://t.co/pwFrBewwlM — PolitiTweet.org

SBF @SBF_FTX

14) And *they* are the experts in their company (or else why are we bothering with them?). We should update on tha… https://t.co/IdleYZs5lc — PolitiTweet.org

SBF @SBF_FTX

13) We've seen this again and again--it's one of the most consistent patterns. There's no point in trying to force… https://t.co/vI8VZuOs1h — PolitiTweet.org

SBF @SBF_FTX

12) or it'll try to become 'the company that does Y'. But if the leadership deeply believes that X is correct, the… https://t.co/wrgGqS42q5 — PolitiTweet.org

SBF @SBF_FTX

11) The problem is: if you veto X, what will the company do, more generally? Either it'll route around the veto an… https://t.co/sZMoihxvRA — PolitiTweet.org

SBF @SBF_FTX

10) (a) and (d) are both options: either let them go with X, or forcibly change management. How about (c)--the boa… https://t.co/AiMVbvG02t — PolitiTweet.org

SBF @SBF_FTX

9) (b) is stupid, unless you have new evidence/etc.--it's just rehashing it. (e) is stupid too: the least you can… https://t.co/YaL6dRmLqj — PolitiTweet.org

SBF @SBF_FTX

8) Well, I guess, there are a few options: a) give up and let them do X b) keep arguing for Y c) as a board of dir… https://t.co/T2fYbjftOS — PolitiTweet.org

SBF @SBF_FTX

7) And if the company is interested, we sit down and try to hash it out. And sometimes, at the end of that, we agr… https://t.co/CN7RMnBVyL — PolitiTweet.org

SBF @SBF_FTX

6) Sometimes, that clears it up -- they just knew something we didn't! Other times we still think Y. So we'll say… https://t.co/YbhJUbNE9p — PolitiTweet.org

SBF @SBF_FTX

5) First of all--we ask them about why they're doing what they're doing--let's say they're making decision X for th… https://t.co/ujRJB5isWL — PolitiTweet.org