David Rosenthal: belief

Transcript context

…And trying to have the relationships with the public policy people in 200 countries to understand what is acceptable speech in each of those countries. Yup. While probably YouTube to a certain extent, TikTok perhaps, also have similar strengths here, I doubt there is any other company in the world capable of actually operating privacy, integrity, and security. And within that is anti-spam stuff too, which is super, super, super huge at the level that Facebook is. It’s interesting. Okay, so in looking at this, why does Meta do $47 billion a year in operating income and why do we all believe that’s going to continue for a while? What actually is the defensibility here? Is it the network economies? Because they’re so tautological. I would argue it’s not that because what we’ve seen is TikTok showed us there’s a way without initial strong network effects to go capture people’s attention, and thus eventually the ad dollars.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.