Mashable: Stop reading what Facebook tells you to read

Mashable: Stop reading what Facebook tells you to read. “Remember the 2008 financial crash? The (dumb, wildly over-simplified) reason it happened was thanks in large part to giant investment banks like Goldman Sachs or J.P. Morgan. These enormous institutions figured out a way to make money off of home loans people didn’t have the means to pay back. As a result, a bunch of people who should’ve never been given home loans were, of course, given home loans. And of course, they couldn’t pay the loans back. The entire thing kept going and going until the financial system fell in on itself. The big parallel: Those investment banks incentivized the creation of a shitty product. Which is exactly what Facebook did. Yep. Hi. We’re there. ” This is really good.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s