Software and Other Shenanigans

Almost every time I see a report on how a company’s stock is doing, or why the price did whatever it just did, I become more and more convinced that there’s no actual rational behavior or logic going on in stock trading anymore. Companies will report a great quarter and the price will tank. A company will announce plans to expand as well as what they did to complete that plan, and the stock price will drop because they had a large expense that quarter. It used to be that it was considered good advice to have a lot of your stock portfolio consist of “blue chip” stocks – the price would be largely stable and they paid dividends regularly. Now everyone wants to get in on “unicorns” (startups valued at over $1 billion dollars, which is generally insane to begin with), or focus on high growth stocks, with an insistence that they always be high-growth stocks. More and more I’ve become convinced that the stock market is largely a BS engine driven more by hype than actual economics.

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I don’t know if you’ve heard, but Facebook’s been in the news recently, specifically around the exposure of millions of users’ worth of data to a firm called Cambridge Analytica. Cambridge Analytica allegedly used this to help various Republicans, including Donald Trump, during the 2016 election cycle. And to hear a lot of people talk about it, that’s the last sign before the start of the apocalypse, or something like that. To be honest it’s been hard to find a calm take on the whole thing, which has been part of the problem. People are shocked at how much data Facebook has on them. They can’t believe that Facebook lets people use this data to target ads to others. Or that companies may use this targeting for political advertising to try to swing an election. Or Facebook was “breached” (everyone else’s word, not the correct one) and this data leaked out. The truth is that while there were some problems with Facebook, and some bad actors at play, we’re focusing on the wrong things here, and it’s inspiring us to hysterics instead of reasoned analysis and reasonable responses.

I’m going to pause here and just make a note that I work for an email marketing company that emphasizes segmentation and targeted marketing. I’ve also written a Facebook application to create custom audiences on Facebook and keep them synced with their source mailing list. None of this requires data from Facebook users, so I don’t capture any sort of profile information, and all the opinions I’m writing here are my own, but it’s probably worth bearing in mind that my employment revolves around targeted marketing and I have done work to help marketers sync some of their “targeting” over to Facebook, so clearly I’m not as bothered by the concept of targeted advertising as some people may be.

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There’s a line that I wrote in my recent post on social networks that’s been sticking around my head ever since I typed it: “Venmo is a much more creative social application than Mastodon is.” That line got me thinking about just what makes a social application…”social”, and I’m starting to think that a lot of what we term “social” applications aren’t really “social,” but something else entirely.

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So a while back I had a fondness for ranting about social networks on this blog. Lately, I’ve had the urge to revisit that trend and spend some more time ranting about social networks on this blog. Why? Well, I’ve been using Mastodon some recently, and that’s got me thinking about my whole concept of what social networks (and the apps built on top of them) should be. And while I’m not going to try to claim that a relatively minor (compared to the other social networking apps out there) app is the future of social networking, looking past the app to some of the design decisions show a lot of things that make me happy about the trend in how some of these newer apps are getting built.

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Not too long ago, my friend Warren wrote an article proposing some campaign finance reforms. This got me thinking about whether or not there’s a reliable to way of dealing with monetary donations to political candidates that both encourages integrity once a candidate reaches office, and can stand up to legal challenges. Personally, I think there is, but to do so we’re going to have to approach the situation from a different angle.

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