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Large shares of consumers use social media out of a fear of missing out

bfi.uchicago.edu

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Re: Large shares of consumers use social media out of a fear of missing out

#141

Post by Woshiwuja »

antisthenes wrote: post #138
blindriver wrote: post #131

Earlier quoted context omitted.

It actually works great. I'm not going around saying "hello fellow young people, did you see the top post on reddit?" but it's good enough so that I'm not clueless as to what's being said in our chat rooms and I can comment.

Your work chat rooms are filled with discussion of reddit posts and tik-tok? I just struggle to see how your strategy makes any sense or what the purpose of it even is.

sounds like their work chat is mainly populated by younger people and he wants to just understand the context of the memes, chill out

Re: Large shares of consumers use social media out of a fear of missing out

#142

Post by kevindamm »

makeitdouble wrote: post #62
Buttons840 wrote: post #44

Earlier quoted context omitted.

> then I tell them to buy it and they say no Were you asking them to open their wallet and hand you 5 dollars and that's it, or were you asking them to go to an unfamiliar website, click around, enter their credit card information, and then spend time learning how to use the software, and do it all right now?

I think that's still a good measure of things. What people say they'd do, and whether they'll actually do it involves all of these details, the time spent, friction, mental burden, sheer changing of mind at the last minute etc.

GP has a point about Point of Sales tech, and especially the reluctance of many people about giving credit card info to a random website.

I wonder if the use of a Sales Website facade is more accurate about this -- by this I mean the practice of setting up a sales site before the product is ready, solely to count how much of your traffic converts. It's not an uncommon practice and I'm guessing it would give a more accurate estimate than simply asking "would you pay for this?" merely as a hypothetical.

Re: Large shares of consumers use social media out of a fear of missing out

#143

Post by jncfhnb »

oliwarner wrote: post #140
jncfhnb wrote: post #126

Earlier quoted context omitted.

As a 20-something guy I can’t imagine this strategy working

Thank you for the reminder of how unimaginative 20 year olds are about their future. That's not a dig at you. You're too busy doing stuff and getting along to actually have any idea what life is about. That has to be a biological necessity or you'd implode

Are you suggesting that I am unable to imagine browsing Reddit at age 50?

Seems like you’re too unimaginative to consider a younger perspective imo.

Re: Large shares of consumers use social media out of a fear of missing out

#144

Post by jncfhnb »

blindriver wrote: post #131
jncfhnb wrote: post #126

Earlier quoted context omitted.

As a 20-something guy I can’t imagine this strategy working

It actually works great. I'm not going around saying "hello fellow young people, did you see the top post on reddit?" but it's good enough so that I'm not clueless as to what's being said in our chat rooms and I can comment.

Ok but… what are you looking at? Main page Reddit?

Because the top stuff on that is usually click bait trash and tabloid level celebrity shit and political garbage and sports.

I just don’t see anyone learning anything interesting from that. Main page Reddit is mind rot.

Re: Large shares of consumers use social media out of a fear of missing out

#145

Post by makeitdouble »

dleeftink wrote: post #93
makeitdouble wrote: post #77

Earlier quoted context omitted.

Would you be fine with the same reciprocity regarding car export rules for instance ? On principle the "reciprocity" card can't be used only when it helps and discarded otherwise.

I think here, the question of reciprocal digital communication and the (free) flow of information is markedly different from the reciprocity of physical goods, as the latter has historically had far stricter entry requirements, regulatory, monetary, or otherwise. Regarding the former, none of the global players are perfect when it comes to unencumbered access to their respective digital markets, but as Tiktok (and re…

> unencumbered access to their respective digital markets

I wonder about this. Up until recently dominant networks were US native or backed by US companies (e.g. even Spotify for instance has a US office, is traded on the NY exchange and is backed by US cloud services) so we haven't seen what happens when a sheer foreign company gets a foothold in the market. Until Tiktok.

And as Tiktok is getting banned, I get the feeling any other foreign company reaching a dominant position with no US transparency would get the same treatment under national security or any other pretense, with US politicians opining that citizen data getting sucked away isn't acceptable. Especially as the foreign compnay's money doesn't land in their party's pockets the same Meta's or Alphabet's money does.

Re: Large shares of consumers use social media out of a fear of missing out

#146

Post by aembleton »

cvwright wrote: post #119
the_snooze wrote: post #95

Earlier quoted context omitted.

>Actually I wonder if there’s a market for an actual social network that is restricted to only being social. There's a huge market for them. They're called private group chats, and they're popular everywhere. The problem is that you can't make much money off of that, precisely because they're socially valuable (i.e., they're strictly socially-driven, so there's no opportunity for in-line advertising, or recommending…

Group chats are such a poor substitute though. On 00’s Facebook you could post once for all of your friends to see, and they didn’t have to all know each other.

On 00s Facebook your friends had to visit your timeline to see your post as there was no feed.

Re: Large shares of consumers use social media out of a fear of missing out

#147

Post by aembleton »

JackFr wrote: post #120
TuringNYC wrote: post #94

Earlier quoted context omitted.

>> It is quite bizarre we call them social networks. They used to be social networks until they got littered with short-term engagement boosting content and ads. Facebook in 2006/2007 was so awesome.

The thing is, Facebook was never awesome. Really. Never. It demonstrably reduces happiness and life satisfaction. It’s just bad. And it’s easy to quit. Really.

If I wasn't on Facebook then I wouldn't have been able to join my local running group. That is one demonstration of how it has increased my happiness by me being on it. However, if Facebook didn't exist then the running group would probably use some other platform so in aggregate Facebook hasn't improved things; just made it easier for groups to organise.

Re: Large shares of consumers use social media out of a fear of missing out

#148

Post by aembleton »

pcthrowaway wrote: post #129
renewiltord wrote: post #49

I mean, yeah, that's an incredibly small amount of money to get everyone else to do something. I'd pay $1000 to have everyone lose their cars. Heck, if you could guarantee it would happen, I will pay $100k today so that everyone in the USA can no longer drive their cars. That means the opposite. The disutility is really low and the network utility is positive. If I charged you $29 to have all your peers lose Tik Tok,…

> I will pay $100k today so that everyone in the USA can no longer drive their cars. It's nice to know that you'd happily pay a sum of money you're capable of paying to ensure ambulances can't get their patients to a hospital, people can't drive their wives in labor to have the baby delivered, trucks can't transport medicine between cities, farmers have no efficient way to get their food distributed once harvested.

Ambulances and trucks aren't cars. They'd be able to move around easier without cars taking up space.

Re: Large shares of consumers use social media out of a fear of missing out

#149

Post by jazzyjackson »

blindriver wrote: post #131
jncfhnb wrote: post #126

Earlier quoted context omitted.

As a 20-something guy I can’t imagine this strategy working

It actually works great. I'm not going around saying "hello fellow young people, did you see the top post on reddit?" but it's good enough so that I'm not clueless as to what's being said in our chat rooms and I can comment.

pop quiz: what is rizz?

(extra credit for bussy, i'm only a decade out from zoomerdom and i don't know how to break that down)

Re: Large shares of consumers use social media out of a fear of missing out

#150

Post by aembleton »

jessehattabaugh wrote: post #24
Eumenes wrote: post #12

Earlier quoted context omitted.

I'd spend lots of real money to get rid of social media once and for all. Like thousands. It would do alot of good for society.

I'd pay $100 just to get my family to install Signal

Maybe spend it on Facebook adverts targeted at them, telling them to install Signal.
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