219 karma · joined March 6, 2020
Another path I see are kids who just opt out entirely. They go to that 5th or 6th tier school and are totally unmotivated. This doesn’t hit them early but it will have a long term impact on job prospects and their career arc. This one is actually becoming more common from what I hear.
To me, the real disconnect is happening in high school here in the US where we are still educating kids like it is 1950 (or 1850). Teachers are overworked and underpaid, and the administration is apathetic. All of that can easily combine for a couple of poor grades or missed expectations in extracurricular activities which in turn cut your opportunities when you apply for college. Sounds extreme but that is how it is today and it is why so many parents are overprotective to the point of being manic.
A lot of things have changed since then. Requirements and competition for positions have increased exponentially just as salaries have skyrocketed in the more technical fields. No surprise there, but that competitive pedigree system has filtered all the way down to primary and secondary education (to say nothing of college systems).
So it is the end of the world? No. But it will cost you tens of thousands of dollars in the near term and perhaps hundreds of thousands of dollars over a lifetime in lost potential earnings. Slipping out of the higher level schools can also make it extremely difficult to get into specific companies.
As for entrepreneurship, that’s also subject to the same issues. Sure, anyone can start a company if they want, but if you want to fund that company the path is much easier if you went to Stanford than say Oklahoma State.
Seems great, and I think most of us enjoyed it, but the kids who really got ahead in life stayed inside studying.
Fast forward several decades, I raised some kids of my own and by and large we let them have a lot of a fun. That said, the stakes are so much higher these days that it is impractical to give kids total freedom. The long-term costs and lost opportunity is just way too high.
You can see this in the ad products they are both pushing: Advantage+ on the Meta side and PerformanceMax at Google. Marketers ability to target with these ad products is severely curtailed. They are opaque black boxes at best.
The delays were partially due to COVID then later he was able to get it caught up with SCOTUS review of criteria for denaturalization.
But geez his backstory is wild. Iranian born, escaped with parents to Dubai. Started his business in his bedroom at 16. Bought quite a rock for his sweetie back in 2012 (https://youtu.be/FhPiC7zC7wA). She divorced him after everything came undone. Apparently they have a lot of stuff in storage in London. Amazing what you can find in 15 minutes with google.
For example, muted terms stay muted and the “For you” TL is actually relevant. I think these gains are structural improvements gained by slimming down and removing advertiser-driven garbage.
Seems pretty good for a first step but the core problems moderation and curation remain. I’m not sure I see a good path forward on these points given the current posture of the company. That’s probably why exodus events like this one will continue to build over time.
Lots of smart people making very bad products that get in the way of other smart people making good products. It’s shocking to look at the wreckage of their decades of poor decision-making.