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Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news …
Good Subscriber Account active since Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Steve Jobs famously said Apple makes products that consumers don’t know they want. Facebook CEO Mark Zuckerberg has a slightly different challenge: He’s creating products that people are explicitly telling Facebook they absolutely do not want. For an organization founded on the “move fast” credo, all this product pushback is more than a little inconvenient. But this would be a problem for any company. It’s tough to grow a business when news of your next product drop doesn’t cause excitement but rather, alarm and opposition. Sure, a lot of the pushback is coming from politicians and advocacy groups. But that’s the thing about being a network of platforms with 3.45 billion users: everyone is a user; and a lot of important users don’t want any more of what Facebook has to offer. What Facebook is dealing with is much more existential than the typical constraints companies face when they get too big and powerful. Regulators can stop companies from acquiring other companies, and big businesses will often pull back on M&A when they’re under regulatory scrutiny.
