abdulmajeed

telecom & product management

[abdulmajeed @Abdummajeed]

the rumble in the jungle. crazy!

[Ricardo @Ric_RTP]

Mark Zuckerberg is bankrupting a $22 billion startup because they refused to sell to him.

The company is Kalshi.

They run the largest prediction market in the US. Users bet real money on real-world outcomes.

Last year, prediction markets did $28 billion in monthly volume across the industry.

This month, they did $220 BILLION.

The sector literally 8x'd in a single year.

Bernstein now projects the entire prediction market industry will hit $1 TRILLION by 2030.

Zuckerberg saw the growth curve coming. Last year, when Kalshi was valued at only $2 billion, he sat down with founder and CEO Tarek Mansour to discuss buying the entire company.

Mansour said no.

Kalshi went on to raise at $11 billion in December. Then $22 billion in March. It is now pursuing a $40 billion round and openly weighing an IPO.

Zuckerberg's response:

He walked back to Meta headquarters, took every piece of information he learned in that meeting, and directed a small internal team to build a Kalshi clone from the ground up.

Meta's version is called Arena. It uses Llama to generate the questions. Every one of Meta's 3.5 billion daily users will get access.

And here's where the plan gets ruthless...

Meta is deliberately launching with play money. That single decision lets Zuckerberg dodge every gambling regulator on Earth while he trains billions of users to bet on prediction markets.

Meanwhile Kalshi is spending millions fighting state gambling laws, the CFTC, an Illinois sports tax, a Minnesota felony statute, and the Department of Justice.

Kalshi is the crash test dummy. Meta is the getaway driver.

The moment the regulatory war is settled, Zuckerberg flips the switch. Arena becomes a real-money market, and 3.5 billion users are already trained to use it. Kalshi's user base of a few million cannot compete.

This is the exact playbook Meta ran on Snapchat in 2016 when Instagram Stories launched. It is the exact playbook they ran on TikTok in 2020 when Reels launched. It is the exact playbook they ran on Twitter in 2023 when Threads launched.

The FTC took Meta to court over this pattern last year and called it "buy or bury." The judge sided with Meta. So the playbook is legally protected.

Tarek Mansour walked into a meeting with the most predatory copycat in tech history and gave him the entire pitch deck for the fastest growing product in Silicon Valley.

Six months later, Zuckerberg is executing on that intel while Mansour is stuck defending his company in courts across America.

Kalshi survived Zuckerberg's offer. But it probably will not survive Zuckerberg's clone.

Meta ended Q1 with $81 billion in cash. That is enough to buy every prediction market company on Earth six times over. Zuckerberg is choosing to STEAL them instead because he can, and because the courts already gave him permission.

The next 12 months will decide whether Kalshi becomes a $50 billion IPO or a cautionary tale about what happens when a founder says no to Meta.

What do you think?

[Nana B. @koboateng]

The same Ghanaians who throw rubbish into gutters here will travel abroad and follow the rules not because their character suddenly changed. They follow the rules because the system there will punish them if they don’t. You can’t beg people to “behave properly” and call that governance. No serious country runs on begging.

[abdulmajeed @Abdummajeed]

herrrrr olele 😂😂😂😂💔

[Ölele Salvador🦅🇬🇭 @OleleSalvador]

Ɛdwuma no adi alatafoɔ; kaish🥲

[abdulmajeed @Abdummajeed]

chaos

[Akech Andrew @akech_andrew]

Chaos inside the Senegalese parliament after the controversial constitutional reform bill was voted in and contested by the supporters of President Bassirou Diomaye Faye in the assembly.

The reform bill reduces president's powers and strengthen parliamentary control over national budget and improve accountability.

The most fascinating part of the bill is that now Senegalese senior officials including the president have to declare their assets before taking the office and after leaving the office.

Guess who is behind the architect? The former prime minister Ousmane Sonko who is now the president of national assembly/parliament.

[abdulmajeed @Abdummajeed]

@MyGRETutor D

[abdulmajeed @Abdummajeed]

Lol 😂

[Edem Kojo, MASSCI 🤝 @_edemkojo]

Ayawaso West Wuogon is very brutal

[abdulmajeed @Abdummajeed]

@_edemkojo falling prices at the pump

[abdulmajeed @Abdummajeed]

here i am doing a night shift job. oh me Nyame, da bɛn da? 🥹🤲🏽

[KANI’s Kolibea @pk_mante]

Dear Young Person,
Take your sleep seriously.

[abdulmajeed @Abdummajeed]

@yaron__zango “stubborn” opponent midfield***

[abdulmajeed @Abdummajeed]

shehu this be delulu 😂

[shafman 🇵🇸🇸🇩 @yaron__zango]

see what ecuador dey do germany.

wallahi i get vim say we fit win the world cup 😂.

just be disciplined and follower chairman carlos quieroz kawai.

[abdulmajeed @Abdummajeed]

@yaron__zango “stubborn” fit cut open easily our defense 😂😂

[abdulmajeed @Abdummajeed]

peak delusion 😂😂

[shafman 🇵🇸🇸🇩 @yaron__zango]

yesterday’s near perfect disciplined execution has me believing we will win the world cup oo😂

[abdulmajeed @Abdummajeed]

Telecom(implementing kakalika protocol):

Front Office Back office

[abdulmajeed @Abdummajeed]

I see 😂😂

[Manchester United Forever @UtdForever7]

🚨In case you missed it, Carlos Queiroz — Sir Alex Ferguson’s longtime assistant — is now managing Ghana.

He just masterminded a brilliant point against England. 🏴󠁧󠁢󠁥󠁮󠁧󠁿 🇬🇭

[abdulmajeed @Abdummajeed]

@i_am_apenkro baako suro

[African Talent Plug - ATP 🔌 @jayanaman]

We are on the hunt for a cracked AI-first QA engineer with skills in automated testing

Retweet widely and share with folks in your network: https://t.co/aaUrw5j7ty

[Nana Sei Anyemedu @RedHatPentester]

Ghana has not yet faced blacklisting from the United States is the strong level of cooperation between our law enforcement agencies and their international counterparts.

Our agencies consistently support investigations, share intelligence, and assist in areas where foreign authorities may require local collaboration and operational support.

[abdulmajeed @Abdummajeed]

@PYICE2 Thanks so much, I just spoke with the admin of Hilton.

Can you share the details of Aikins?

[abdulmajeed @Abdummajeed]

@PYICE2 can you recommend any?

[abdulmajeed @Abdummajeed]

i need recommendation for a reputable & result-oriented SAT classes in Accra.