Why didn’t Meta and Twitter create their own Cloud Providers to increase revenue streams?
Because that isn't their value add.
It wasn’t Amazon’s. But they just did it.
Because they realized they were good at it, and saw a market opportunity. I could argue going against Amazon is difficult at the moment, but maybe I'm wrong.
😂
Meta missed on it (they were pretty close to doing it). Twitter, Dropbox etc. not by a long shot
Because "Move fast and break things"
Both should have.
Was at Meta - that was just never the plan. Jay (old VP of infra) even hated calling it FB cloud internally. And I agree - it would have been a distraction with many other low hanging fruits. We never invested it in as much, did not have people to build it. Rn we were planning to rent from AWS. Capacity crunch...
May be not at your level but in an earnings call in 2019, an analyst asked if the massive capital expenditure on infra was to come up with a public cloud offering. Zuck himself answered in a vague way to hint they were considering. Stock price went up couple percentages just after that comment.
Race to the bottom on price.
Meta could have. Twitter didn’t have the talent.
Meta uses public cloud services. https://azure.microsoft.com/en-us/blog/meta-selects-azure-as-strategic-cloud-provider-to-advance-ai-innovation-and-deepen-pytorch-collaboration/
Because we do not have Shopify talent like you.