I’m not convinced anyone else would have done anything different. I don’t believe this is a case of “the wrong people in the right place” since any unregulated massive opportunity in history has gone this way. Saying the wrong people were in charge robs us of learning for next time. More useful to say that this is a lesson in human nature and we should prepare for the next Facebook accordingly.
Not sure I believe this. Instagram could’ve conceivably killed Facebook a decade ago if they’d chosen not to sell. Reminds me of Steve Jobs talking about Microsoft bringing about the dark ages of desktop computing: https://512pixels.net/2010/05/the-desktop-computer-industry-....
Then the question becomes whether Instagram would’ve become Facebook if they kept going. I believe they would have once they hit Facebook’s scale.
Ironically, I believe you could take that Jobs quote, swap Apple for Microsoft, and you’d be talking about the mobile industry. I doubt I’m even the first person to observe that. You really do become the villain if you gain enough market dominance.
