Mark Zuckerberg Directed Meta to Create a Prediction Markets App
www.nytimes.com
The experimental app, internally called “Arena,” would be independent of Facebook and Instagram. It could compete for attention with Polymarket and Kalshi, the biggest prediction markets.
  • Curious_Canid@piefed.caEnglish
    3 hours

    It’s impressive that after all these years and all those billions of dollars, Zuckerberg still gets up every morning and thinks, “How can I make the world an even worse place than I have already?”

  • kurmudgeon@lemmy.worldEnglish
    7 hours

    These gambling services need to fucking die. They are way too easy to con, influence or rig.

  • scytale@piefed.zipEnglish
    6 hours

    Dude keeps trying to cash in on the next big thing but always fails. He’s never had an original idea and just lucked out with facebook, which was preceded by myspace anyway.

    • UnderpantsWeevil@lemmy.worldEnglish
      6 hours

      Dude keeps trying to cash in on the next big thing but always fails

      Meta stock keeps moving up.

      He’s no Musk, but he keeps winning the Wall Street lottery

      • jarmitage@mander.xyzEnglish
        3 hours

        When nobody pays taxes, there’s plenty of dry powder to prop up bad economics.

    • WhatAmLemmy@lemmy.worldEnglish
      6 hours

      One you achieve a certain level of wealth, you can fail upwards forever, as long as you don’t bet it all. A few million invested can generate a decent yearly wage for life. A few billion can generate tens of millions a year, even at the worst rates.

      When you’re at the Epstein classes level of wealth, you can lose billions without consequence.

  • NekoKoneko@lemmy.worldEnglish
    6 hours

    Next up: Meta plans rural backyard wrestling league. Analysts expect a healthy side business selling whippits.

    • FireWire400@lemmy.worldEnglish
      4 hours

      Next up: Meta plans rural backyard wrestling league.

      I feel that’s gonna happen at some point if Trump lives long enough to win his next election.

  • jaybone@lemmy.zipEnglish
    6 hours

    They should open by taking bets on a fight to the death between musk and Zuckerberg.

  • UnderpantsWeevil@lemmy.worldEnglish
    6 hours

    Can’t wait until everyone’s Nana is getting bombarded by virtual slot machines on their feed of grandkid pictures.

  • The Velour Fog @lemmy.worldEnglish
    6 hours

    So they’re not satisfied with their service being addictive enough, they gotta try to ruin more lives.

  • terabyterex@lemmy.worldEnglish
    5 hours

    disclaimer: iam not endorsing anyone since i hate them both.

    …but at leats good things have come out of musk’s spending. tesla and spacex. mostly spacex.