The guys copying also don't need to spend time launching products that they saw didn't work that well. They just copy whatever they see works / can make money and iterate a bit on it (which is much faster than trial & error). We spend a lot of time on products and iterations on products that are not that used, or not anymore around- e.g.... See more
“That doesn’t mean we wouldn’t invest in another product business, but they would need to be doing something fundamentally different that meets the current moment.”
Established brands and products will see an uptick in customer loyalty/retention. Their job becomes less about convincing the customer to stick with them and more about ensuring that if the customer comes asking for Billy’s Fizzpop, Billy’s Fizzpop is on the shelf — lest the out-of-stock replacement algorithm suggests Doctor Jimbo’s Diet Swish... See more
If you’re overfocused on your kid, you’re quite likely underfocusing on your own passion. Despite what you may think, your kid is not your passion. If you treat them as if they are, you’re placing them in the very untenable and unhealthy role of trying to bring fulfillment to your life. Support your kid’s interests, yes. Be proud—very proud—of... See more
I think what is happening is people think of us as a feed app, because we started as a feed app. When we launched Instagram, there were no stories, there were no DMs. What's happened over the last decade is that how people share with friends has changed. It has shifted to stories, and it has shifted to DMs and to group chats. More photos and videos... See more