Ends, means, and 'The Social Network'
We don鈥檛 go to see many movies. Unless they have a lot of nudity or violence, they bore us.
But The Social Network is not a boring movie. We went to see it because our daughter, Maria, has a small role. It is her major motion picture debut. We went to see her. But what we discovered was an unusually engaging film.
The movie tells the story of the founding of Facebook. It is a 鈥渟ocial network,鈥� designed by students at Harvard to make it easy for people to keep up with each other.
鈥淵ou mean, it will help us get laid,鈥� says one of the characters in the movie鈥r words to that effect.
Occasionally, we get an email that tells us 鈥渟o and so invites you to be a friend鈥︹�� Once, we tried to follow up鈥e went to Facebook. There, we found a page of questions. We quickly lost interest and gave up. Henceforth, when asked to be a friend, we respond in the negative.
鈥淒ad, you鈥檙e making a big mistake,鈥� Jules, 22, opined. 鈥淚 know a lot of people who don鈥檛 even check their email anymore. They communicate exclusively through Facebook. This is a big, big thing. And it鈥檚 not going away. E-mail could disappear.鈥�
Maybe he is right. Maybe, in the future, we will publish The Daily Reckoning only on Facebook. But we hope not. We don鈥檛 like the concept. We don鈥檛 like the company. And we don鈥檛 like its shareholders.
鈥淣ow, Dad, you鈥檙e getting ridiculous. Zuckerberg revolutionized how people communicate. There are half a billion people on Facebook. This is like the invention of the printing press. I guess you don鈥檛 like Guttenberg either. You鈥檙e just being silly. That鈥檚 the point of the movie, by the way.
鈥淶uckerberg and Parker aren鈥檛 exactly nice guys. But that鈥檚 the point. You don鈥檛 have to be nice to do something great. And doing something great is what is important.鈥�
The movie shows how Mark Zuckerberg and Sean Parker squeezed out 鈥� cheated, really 鈥� Zuckerberg鈥檚 original partner, Eduardo Saverin. Eduardo seems like a decent fellow. He provided a crucial formula early on. Then, he put up the seed money. But he did not see the potential of Facebook in the megalomaniacal terms of Zuckerberg and Parker. Being 鈥渃ool鈥� was not enough for him; he wanted it to be profitable too. Instead, he approached it more modestly and more conventionally. (Even today, it is not clear how profitable Facebook is.)
In the early days, Eduardo tried to sell ad space on the system in New York, while the other two were going wild signing up customers and getting venture capital backing in California. Once they got big backing, Zuckerberg and Parker had no further use for Saverin, so they cut him out.
鈥淓duardo was useless,鈥� said Jules, sounding a bit Nietzschean. 鈥淗e was not adding value. He was a loser. They were right to get rid of him. Eduardo was operating according to the wrong code. An antiquated code. Zuckerberg and Parker knew better. They understood something he didn鈥檛.鈥�
鈥淣o. They didn鈥檛 really. They were lucky. The project could just as well have failed. Most do. If it had failed, then those two would look like what they really are 鈥� a pair of conniving jerks.
鈥淭hat鈥檚 really the lesson. Eduardo did the right thing. He was the winner. The Winklevoss brothers, too.
鈥淎nd if I had the choice of doing business with Eduardo or with Sean Parker, I鈥檇 do business with Eduardo. You don鈥檛 know which projects will succeed or fail. You don鈥檛 know which ideas will win. But you know you never want to do business with nasty people. Even if you make a lot of money, it鈥檚 not worth it.鈥�
鈥淎re you kidding? At the end of the day, Zuckerberg and Parker were billionaires. Now they can be nice if they want to be. Being nice is not everything.鈥�
鈥淣o, now they can鈥檛 be nice. You can鈥檛 undo nastiness. You can confess. You can repent. You can beg forgiveness and give a $100 million to the New Jersey schools. Maybe you鈥檒l be redeemed. Or maybe you鈥檒l be a miserable billionaire all your life.鈥�
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