The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 179 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Morin: Meta smart glasses are the best frontier for ambient hardware
“But, you know, I will say, and I know there's other people with this take, but the meta sunglasses have really kind of proven to me that it's the best next frontier for this way of thinking.”
Jessica Lessin: Biden's Withdrawal Sparked Internal Meta Debate Over Threads
“The Threads No Politics policy hitting some internal debate, so we don't have to go deep into Threads, but we've talked at length about both how it kind of emerged as this breath of fresh air from the fierce debates on X, Especially around politics, and its wh…”
Brit Morin: Meta and Google Are Both Attempting to Invest in EssilorLuxottica
“Meta trying to invest in Luxottica slash Supreme. And Google also trying, Google now trying to get on it too.”
Dave Morin: Facebook was already dead to him when Threads launched
“Facebook was already dead to me when threads launched. So it's like, it just didn't matter. I never use it. I don't log into it. I don't, I never open it.”
Lessin: Meta Will Realize Long-Term Value from Current AI Models
“Well, to be clear, I think we're going to see the value of it showing up in, like, meta earnings for a long time to come, which is incrementally what already exists, and, like, translation. There's a bunch of stuff that's, like, super valuable.”
Gil: Foundation model funding is mostly strategic hyperscalers, not VC
“Most of the money funding foundation models is strategic, right? Versus venture capital. Venture capital maybe funds things into the hundreds of millions, and then it gets handed off to Google and Amazon and Facebook and all the other folks to invest billions …”
Jessica Lessin: Google and Facebook Paid News Publishers, Then Stopped
“Quality news publishers learned that the hard way from Google and Facebook that paid them a bunch of money and stopped paying them. So that's one reason you don't do it is that the priorities of these platforms change and”
Lessin: Tech value comes from market timing, not copying sci-fi
“The job of technologists is not to just simply read science fiction and say, well, that's cool. Let's build that. That's easy, right? Like science fiction goes way out in the future, has cool ideas, And the JV version of product management or building is you'r…”
Sam Lessin: Facebook Forced Me to Sign Non-Compete Over Venmo
“When I went and worked at Facebook on the way in, one senior executive reviewed all my investments and told me which ones I had to divest from. Interestingly, path was fine at the time, but Venmo was a big problem. And then, yeah, believe it or not, I had to s…”
Morin: Meta is pushing Threads harder than any asset in a decade
“More aggressively distributing threads than any asset they've ever distributed in maybe over five years, maybe 10 years.”
Dave Morin says he deleted the Facebook mobile app last year
“I deleted the blue app like last year sometime.”
Dave Morin: Fragmented internet subcultures perpetually disrupt top-down corporate alignment
“As the internet has kind of become like, I think we can safely say in 20, 24, the internet has become culture worldwide. Like you have this, Splintering of cultures, right? Where every person in an organization pays attention to a different sub graph of some c…”
Sam Lessin: Wall Street is funding big tech over startups
“I'm in a hedge fund across from Google, you can see in the background, and the story is, unsurprisingly, they're shipping it to Microsoft and Meta and all the big companies. They are not shipping it to little companies anytime soon.”
Sam Lessin: Meta is primarily a business platform, not a product company
“Meta is a great business platform. Like, you take a lot of different products, you plug it into the machine, it is a great business platform that happens to also have some great products.”
Dave Morin: Every social communication platform eventually becomes a chat product
“I mean, every social communicator, every, whether it's Yahoo, AOL, Facebook, everything becomes chat in the end.”
Lessin: Threads will monetize terribly because text monetizes poorly
“Now it does mean it'll monetize much worse, right? Like text monetizes terribly. So it's not like, I don't think it's hard for me to imagine it being financially like deeply meaningful, but I think it'll be a great application.”
Dave Morin: 3D headset experiences are almost impossible to market in 2D
“Like my point of view is that it's almost impossible to communicate a three-dimensional or four-dimensional experience on a two-dimensional screen.”
Brit Morin: Meta's settlement is structured over 10 years at $1.7B annually
“Also, it's over 10 years. So that it's like 1.7 billion a year, which is nothing.”
The Information: Meta Resumes Plans to Develop a Smartwatch
“Information reported today that Meta's smartwatch plans are back on, so we can do a wonderful poll about who is going to buy a Meta smartwatch, considering I still don't have any smartwatches.”
Lessin: Meta glasses team wants feminine styles but faces hardware constraints
“Well, I, I've had conversations with the team working on the glasses about, like, more feminine form factors and styles. I think they're working. They want to just have a broader range. The electronics, though, are the size they are.”
Brit Morin: Google and Meta dominate a $740 billion ad market
“I mean, it's literally like the global digital ad spend, Google and Meta dominate, right? And that's like a seven hundred and forty billion dollar market.”
Jessica Lessin: Meta CMO temporarily relocated to D.C. for antitrust trial testimony
“We published a story recently about that sort of got some documents on the number of hours all the meta executives are expected to testify in the upcoming trial, and the CMO is temporarily moving to DC because of it”
Brit Morin: YouTube's $50B revenue makes it bigger than Netflix's $37B
“Did you guys see that YouTube within Google's earnings is actually now is a fifty billion dollar revenue generating company, which if you don't count Meta as a media company makes YouTube kind of the number one and Netflix now is, is thirty seven billion at nu…”
Morin: Facebook built account deactivation because users repeatedly requested manual recovery
“I go back to when we didn't have the deactivate feature on Facebook, and we had to make the deactivate feature because of this problem.”
Lessin: Facebook alternated organizational structures every few years
“At Facebook when I was there, You know, we kept switching between a functional design, right, where like PMs report to PMs all the way through up, and like product groups. We say, okay, this product cluster all reports through this person. And the basic conclu…”
Lessin: Meta shut down all of its expensive celebrity AI chatbots
“They also just shut down all their like super expensive celebrity bots. I think I read that in the information.”
Dave Morin: Facebook Briefly Hosted Startup Servers via 'The Grid'
“And it goes back to actually when I was working on the Facebook platform, we had a project back then that we called the grid and we were actually going to, we actually did for a hot minute right after we launched the platform provide server Resources to startu…”
Dave Morin: Facebook Platform Attracted Nearly One Million Developers in First Year
“Once we put the distribution incentive in place, suddenly, you know, we had close to, I think a million developers in one year.”
Dave Morin tried and failed to centralize digital identity at Facebook
“Five years before that, I literally tried to do this with Facebook. Right? Like, we tried to centralize it, and that didn't work, right?”
Dave Morin Says He Is No Longer Invited to Facebook's F8
“I started that conference and I don't even get invited to it anymore.”
Lessin: Facebook was originally incorporated as a Florida LLC
“Facebook was originally a Florida LLC, right?”
Sam Lessin: Facebook built 15 unreleased takes on presence features
“Facebook did 15 takes that we didn't roll out.”
Lessin: Meta's 3% pop on Threads launch added $20 billion
“Yeah, I mean, I think that whatever, the three percent pop in Facebook stock this morning was worth half of, was a twenty billion dollar pop on, I believe, mostly this news.”