The speaker discusses the risks of investing in anonymous apps that have no background information available, while also pointing out the inability to withdraw invested money from these apps.
The role of moderation in centralized social networks cannot be avoided, and having a top podcast or a strong meme game are essential to raise funds in Silicon Valley.
Despite Facebook's algorithm changes being implemented to reduce traffic on misleading pages, a recent study found that it had the opposite effect on right-wing meme-generating pages. Media Matters also conducted a study tracking narratives spread by meme pages and identified the pages responsible for spreading misinformation.
The complexities of starting a project from scratch can be overwhelming and confusing for those who have never done anything like it before. The process of spinning up a landing page or running a Facebook ad can be a foreign language to some.
The co-founder of Reddit, Alexis Ohanian, explains that Facebook was always the favorite to win in the social media competition because they clearly understood the market better than their competitors like MySpace and Twitter.