Earlier quoted context omitted.
Unfortunately I disagree. I always want to like Doctorow. In theory we have similar political views and I love that there's a famous writer who espouses them. But then I read his work and pretty much always find it lacking. For example, this post. It starts with a very clear point: huge numbers of users are leaving Facebook and Twitter, to the point where these companies are in serious trouble and will soon go the wa…
Trends can be observed without the actual data. The fact that he doesn’t have the data to proof it, doesn’t mean he’s wrong. I’ve observed the same trend, hardly anybody I know still uses Facebook, same for Twitter. WhatsApp however is an essential communication tool: sportclubs, schools, all use WhatsApp for last minute info. Not sure if Facebook/meta is in trouble, as instagram and WhatsApp seem to pretty popular.
Realistically, how profitable is WhatsApp? Facebook itself obviously has profit potential because it can bombard you with ads. WhatsApp, not so much. I feel like some of these services (WhatsApp, FB Messenger, etc.) may not be very profitable by themselves, but only serve to keep people on the site/ecosystem. But if they're ignoring the profitable part of the system, then the whole thing might not be sustainable.