Nigerian and African founders, what can we learn from Facebook, Instagram, WhatsApp, etc going down at the same time. On Twitter, Facebook communications exec Andy Stone has confirmed this Great Social Media Freeze, “We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.” Founders, what is the lesson here?
Sure – it is bad everything is down but if you look at the financial improvement on what Facebook Inc has done on stacking all the elements on one core, you will see why Facebook Inc is immensely profitable. I expect this to be DNS related, and it goes to the core infrastructure which runs the multi-billionaire-dollar empire.
It is a very risky technology strategy but despite the current offline show, it is certainly the best way to build modern tech systems: you invest to build the foundational stack, and then you can drop new things on top, making everything to become variable costs from there onwards. With that, you rack up marginal cost improvements across product lines, building moats which no one can compete with.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
---
Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.