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Deep Dive: A Primer on Mag7 (Part 2)

chamath.substack.com · 450 words · saved by 1 readers

In 2005, I was introduced to Zuck through Sean Parker, who I had known from my days working at Winamp. At the time, I was running AIM and ICQ at AOL. After meeting Zuck, I remember telling Jim Bankoff and John McKinley at AOL that we should try to buy Facebook. When that didn’t get traction, I proposed a partnership deal where we would integrate AIM into Facebook profiles. Long story short, neither of those deals panned out. Two years later, in 2007, I joined Facebook. Ultimately, I built a growth team that would take Facebook from 50 million to over 700 million users, putting Facebook on the path to 1 billion users. In hindsight, it was an incredible moment in time where the standards of Web 2.0 were still being defined, and in many ways, we were the ones defining them. Fourteen years after my tenure, Facebook has grown into an even larger behemoth, with the Family of Apps today reaching over 3.4 billion monthly active users, making it by far the largest social media platform in the

Deep Dive: A Primer on Mag7 (Part 2) What drives the Mag7's revenues and bottom lines? How do they allocate capital, and are they positioned for continued outsized returns? How should we understand them in relation to the market overall? Chamath Palihapitiya May 23, 2025 ∙ Paid 43 2 2 Share In 2005, I was introduced to Zuck through Sean Parker, who I had known from my days working at Winamp. At the time, I was running AIM and ICQ at AOL. After meeting Zuck, I remember telling Jim Bankoff and John McKinley at AOL that we should try to buy Facebook. When that didn’t get traction, I proposed a pa

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