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Dependence on Facebook cost me my startup, $100 mn: US entrepreneur
short by Aishwarya Awasthi / on Saturday, 26 February, 2022
US entrepreneur Joe Speiser in a Twitter thread described how his "dependence" on Facebook cost him his startup 'LittleThings', $100 million and 110 jobs. Speiser said an algorithm change in 2018 led to his firm losing 90% of its organic traffic. He alleged Mark Zuckerberg didn't like the "fluffy content" they were producing and wanted to be taken more seriously.