Mark Zuckerberg on NYT story: "To suggest we weren't interested in knowing the truth or wanted to hide what we knew or wanted to prevent investigations is simply untrue."
The entire discussion around Facebook\u2019s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when. https://t.co/dSOpKy767l
— Alex Stamos (@alexstamos) November 15, 2018
Why isn\u2019t Sheryl Sandberg on this call?
— Dylan Byers (@DylanByers) November 15, 2018
Zuckerberg: Blah blah. I generally don't talk about specific cases of that in public. Blah blah.
Zuckerberg: I learned about this yesterday. In general, I think you're right. This might be normal in Washington but it's not the kind of thing we want Facebook associated with.
Facebook: ... We are bringing the world closer together.
Zuckerberg: We have made personnel changes. Hey, we just hired a new global policy and comms chief. Let's focus on that.
"I am quite focused on finding ways to get more independence into our systems in other ways."
Zuckerberg: Transparency is one of the bigger areas where we have to continue to do more.
Zuckerberg: "I think someone on our comms team must have hired them."
Comms team, meet the bus that just ran you over.
Worthwhile to read through this whole thread of Stamos replying to our report: https://t.co/0QXNjU0waB
— Sheera Frenkel (@sheeraf) November 15, 2018
Zuckerberg: Sheryl learned about this at the same time that I did. Overall Sheryl is doing great work for the company. She has been a very important partner to me and will continue to be.
Mark Zuckerberg: I have no idea what's happening inside my own company and neither does Sheryl.
Zuckerberg: We are doing the right things to fix the issues. I am fully committed to getting this right.
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
