Social media companies are in a bind. They're companies, so they have to grow or die. But they're invested in their current platform, and the likelihood of a particular innovation being successful is low, so it's tough for them to do radical R&D, they're limited to tweaking their current platform. This opens the door to startups, which can capture the new (young) users who aren't committed to a platform. A small numb…
> They're companies, so they have to grow or die. This is a failing of modern corporate culture. There is nothing wrong in reaching a stable equilibrium, becoming profitable, and if you are a public company, paying dividends. It’s unfortunate that it’s become growth at all costs, there is something to be said about public companies just stabilising, and paying out profits to shareholders. Now, that’s not to say Faceb…
It’s the failing of a culture. Plenty of companies do this. (I cautiously venture that most American companies do this?)