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Facebook loses users for the first time

washingtonpost.com

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Re: Facebook loses users for the first time

#811

Post by d3vmax »

Good!

These buffoons are responsible for the spread of mis-information and should pay for the murder / unwarranted deaths caused by their desire for more views during the past two years by giving every village idiot an amplified voice!

I have reported so many mis-information post and they do nothing. They could create thousands of jobs by having more humans for verifications, but no. They want to maximize profits and depend only on AI with no appeal possible. They do not want to create more jobs to balance the transition to digital from analogue world so I am glad their stock price is getting avg'd out.

They really don't think long term of their role/responsibility to society. All their top brains and fancy school hires cant even grasp long term consequences of their short term on-steroid decisions.

Every empire / entity / co. will come to an end, it's the law of nature due to stagnation & complexity. So will this. Good riddance!

Re: Facebook loses users for the first time

#812

Post by jmacd »

msluyter wrote: post #790
jmacd wrote: post #774

There is something else going on around FB. Almost all activity online has shifted away from the Social Graph to a Content Graph. Almost nobody wants to see what their friends are doing online anymore. In a lot of ways it can be cringey. People just want the latest, catchiest content. TikTok and Youtube are the OGs here, but it's everywhere when you start to look. Twitter timeline changes being an awkward but working…

Agree with most of this, but I'm curious where Facebook groups fit in here. We recently moved to Florida and have been scrambling to find non-religious home school friends for our daughter (homeschooling because of Covid). Facebook has been pretty much only resource available, and I've joined a number of local groups that have proved somewhat helpful. I'm wondering whether groups may provide a level of stickiness and…

Facebook Groups and Marketplace are both good examples of content graphs. Your social network is irrelevant to them, in fact you may prefer NOT to see the listings made by your friends/family as the negotiation/purchasing is often nicer when it is relatively anonymous. Facebook's one moat is very shallow in this space.

Unlike high attention media with placement and interstitial opportunities, Marketplace and Groups are not great business models.

Re: Facebook loses users for the first time

#813

Post by _fat_santa »

Aqueous wrote: post #773
randomsearch wrote: post #504

This is how the narrative of Facebook looks to me: Zuckerberg got lucky and then executed brilliantly, transitioned from nerd hacker to CEO amazingly well. He deserves a lot of credit for that. Since then, Facebook have innovated very little. Zuckerberg recognised this, and bought Instagram and Whatsapp in lieu of building an innovative company. The latter is clearly really difficult to do. Without a stream of new id…

I think the correct thing to do would have been to pivot away from user data and ad targeting as business model and start offering premium, paid services. For instance Facebook could have very easily been Slack for businesses, as well as an enterprise internal social network. Another thing would have been to start offering appliances for private hosting of individual Facebook instances. Finally Facebook could have al…

> For instance Facebook could have very easily been Slack for businesses, as well as an enterprise internal social network

They actually have that already. Now it's called "workplace"[1] but before it was called "facebook for work", think Yammer from MS.

[1]: https://www.workplace.com/

Re: Facebook loses users for the first time

#814

Post by yalogin »

jmacd wrote: post #774

There is something else going on around FB. Almost all activity online has shifted away from the Social Graph to a Content Graph. Almost nobody wants to see what their friends are doing online anymore. In a lot of ways it can be cringey. People just want the latest, catchiest content. TikTok and Youtube are the OGs here, but it's everywhere when you start to look. Twitter timeline changes being an awkward but working…

Yep, you nailed it. TikTok is hitting Facebook and they are unable to respond. May be they will by copying the algorithm but things are going to get worse before they improve. Not sure if they will change Facebook itself though. That is too entrenched and too many users to change. This is going to be tough for fb to fight.

Re: Facebook loses users for the first time

#815

Post by l30n4da5 »

thehappypm wrote: post #805
ThinkBeat wrote: post #641

I always find the constant expectation of growth puzzling. and that it is a regular occurrence. For a long time, DELL grew and grew and got bigger. Then they plateaued (for a while) and the investors were mad. There are only so many people in the world who want an FB account. and only so many companies and people who need a DELL computer. Infinite high growth is impossible to sustain. Physically.

Isn’t Dell famously a private company?

having investors does not mean you are a public company.

there are private investors, angels, VCs, etc.

Re: Facebook loses users for the first time

#816

Post by safog »

jmacd wrote: post #774

There is something else going on around FB. Almost all activity online has shifted away from the Social Graph to a Content Graph. Almost nobody wants to see what their friends are doing online anymore. In a lot of ways it can be cringey. People just want the latest, catchiest content. TikTok and Youtube are the OGs here, but it's everywhere when you start to look. Twitter timeline changes being an awkward but working…

Re: metaverse, it's not really a handwavey after thought - they've been investing quite significantly ($10bn lost last year alone while all of Google's bets including deepmind and waymo lost ~1.45bn. >10k people working on it now AFAIK).

I think Facebook just got burned by not having a hardware platform this cycle - Apple and Google control the phones and Microsoft has the PC, XBox etc. They just want control over the next big hardware platform.

Whether that's a reasonable bet or not who knows? But I wouldn't be as dismissive of their ambitions in the space.

Re: Facebook loses users for the first time

#817

Post by skydhash »

msluyter wrote: post #790
jmacd wrote: post #774

There is something else going on around FB. Almost all activity online has shifted away from the Social Graph to a Content Graph. Almost nobody wants to see what their friends are doing online anymore. In a lot of ways it can be cringey. People just want the latest, catchiest content. TikTok and Youtube are the OGs here, but it's everywhere when you start to look. Twitter timeline changes being an awkward but working…

Agree with most of this, but I'm curious where Facebook groups fit in here. We recently moved to Florida and have been scrambling to find non-religious home school friends for our daughter (homeschooling because of Covid). Facebook has been pretty much only resource available, and I've joined a number of local groups that have proved somewhat helpful. I'm wondering whether groups may provide a level of stickiness and…

Like a more friendlier Reddit?

Re: Facebook loses users for the first time

#819

Post by asdfsd234234444 »

MichaelMoser123 wrote: post #688
ThinkBeat wrote: post #641

I always find the constant expectation of growth puzzling. and that it is a regular occurrence. For a long time, DELL grew and grew and got bigger. Then they plateaued (for a while) and the investors were mad. There are only so many people in the world who want an FB account. and only so many companies and people who need a DELL computer. Infinite high growth is impossible to sustain. Physically.

Yes, but the stock market works on the premise of growth, they try to raise money by virtue of being on the stock market, in order get the money required to finance that growth. I would think, that a company that has plateaued should take itself off the stock market, however this doesn't seem to be happening. Such a move would probably imply some drastic changes in how a company is goverend.

Not true at all. Look at Apple.

Re: Facebook loses users for the first time

#820

Post by circa »

ubermonkey wrote: post #794
BaldricksGhost wrote: post #782

Earlier quoted context omitted.

"Facebook is where you find out your highschool friend is super in to a MLM, your uncle has drastic political views you don't share, and that your historical social class and network is largely irrelevant to your life a decade later." This is probably the most accurate description of Facebook I've seen.

I'm reminded of a Twitter joke from (according to the WaPo) @KevinFarzad: "HEY IT'S ME your facebook friend from high school who never left our hometown & thinks Olive Garden is fancy. Anyway, here's a racist article."

lol classic
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