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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

#901

Post by pantalaimon »

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…

What baffles me is how they pretty much destroyed the social network aspect of it.

10 years ago Facebook was the place to know what’s going on in your social circle. You’d find out about events or share experiences, setting relationship status was something of significance.

Then the feed became more and more laden with sponsored posts or posts by meme pages. Sharing something personal in this kind of environment suddenly felt awkward.

These days it’s rare to see posts by actual people you know - so why bother?

Re: Facebook loses users for the first time

#902

Post by AtreidesTyrant »

morelish wrote: post #657

My 2 cents, not that it's important, is that Facebook killed it's own product by A/B testing for user engagement. The product went from a cool place to see what your friends were up (bit like insta was for a while), to this sh*thole place filled with junk viral videos, adds, whacky content from a few insane friends, etc. It became like a cheap social porn dumping ground. I really just want to see what my friends are…

after the dawn of extremist content--i dont even want to see what my friends are up to anymore lmao

Re: Facebook loses users for the first time

#903

Post by jhickok »

beart wrote: post #895

My children's school communicates a lot of information through their Facebook page. I had to reactivate my dead account after years when my kid started kindergarten. There was particularly important information that they did not send out anywhere but on Facebook. Meanwhile, they have a "news" page on their actual school website that has not been updated in years. I hate it and I think it should be illegal to force th…

Same. My kids are in sports and Facebook is how they communicate with us, including changes to schedules, "snack duty", pictures and videos from games, etc. It's basically impossible to be a judicious parent and not be on Facebook for me.

Re: Facebook loses users for the first time

#904

Post by AzzieElbab »

earthboundkid wrote: post #899
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.

A girl I thought was cute in college was totally convinced T***** would retain the Presidency on 1/6, so I guess it was useful as a sign something was going to happen.

I haven’t seen anyone voledermord trump b4

Re: Facebook loses users for the first time

#905

Post by BbzzbB »

yason wrote: post #601
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…

Since then, Facebook have innovated very little. I hope they hadn't even tried. Initially, Facebook offered lots of value in the early years in the form that users were actually able to follow their friends' lives and stay connected. You had a bunch of friends and you would see a mostly chronological list of what they had posted that you read until you recognized something you had already seen. If they had kept it th…

Just use facebook.com/?sk=h_chr, you'll get your chronological feed minus the content recommender.

Re: Facebook loses users for the first time

#906

Post by BbzzbB »

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.

When you have plateaued post-hypergrowth is not the time to get off the market, it's time to redistribute capital by massively repurchasing shares if you can't intelligently reinvest it all. Preferably after the market slams your ticker.

Re: Facebook loses users for the first time

#907

Post by netcan »

polypodiopsi wrote: post #766
netcan wrote: post #578

Earlier quoted context omitted.

Microsoft, for all its flaws, has strengths. They're grittier than most and ultimately, know how to deliver software products and build businesses around them... very different products and very different businesses. Leadership was a lever to these, but there was something to lever FB have never built a successful product besides Zuck's original. They have never created a good business besides the FB and program. The…

"It's all about pushing for revenue. Some newly invented fee that most customers don't know they're paying. Some new way of charging both sides of a transaction. More of something. Generating revenue from customer data, float, 3rd party deals... taking advantage of moat. FB would be really good at that." I'm curious: do you have any awareness of the fact that there are very unethical actions suggested in what you are…

I haven't heard of any ethical issues in retail banking. What are they? Anyway, it's not usury if they eat breakfast with you.

Re: Facebook loses users for the first time

#908

Post by BbzzbB »

phasersout wrote: post #455
beermonster wrote: post #450

Earlier quoted context omitted.

Well it’s no longer the in thing, and TikTok is the new kid on the block. In the UK kids think FaceBook is for old people and use Snapchat and TikTok.

I knew it was over for Facebook when my 80 year old mother created an account.

How many times over has their DAU, ARPU and free cash flow multiplied since then?

Re: Facebook loses users for the first time

#909

Post by yamazakiwi »

monkeynotes wrote: post #808
helsinkiandrew wrote: post #655

Earlier quoted context omitted.

> Controlling the VR metaverse... I just don't see it. Too much innovation. Too much invention. Remember FB can always purchase themselves into the market - pick up a few startups and bodge together a consistent product. I think the problem is that VR tech and apps will take too long to arrive to gain any traction with the wider public, before FB needs it. FB needs hundreds of millions/billions of users, VR hasn't pu…

VR is never going to gain the traction FB is betting on. Absolutely no one wants to spend their day inside a headset cut off from the outside world. It's uncomfortable, antisocial, expensive (for now), and just clunky overall. If anything is going to come of this it's going to be AR, without a doubt. People want to be able to see the world they are in, they don't want to walk into tables, have to disrobe to answer th…

I guess I'm absolutely no one. I love being in VR and spend most of my free time in VR and it is ENTIRELY social. I love seeing the world I'm in but I've seen a lot of it already. When I can see things that don't exist in meatspace the possibilities are endless.

AR is the space I'm least excited for. The more we push AR the sooner we will have ads in our face everywhere we go.

Re: Facebook loses users for the first time

#910

Post by rmah »

bko wrote: post #876
ubermonkey wrote: post #794

Earlier quoted context omitted.

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."

How is that a joke? It's just looking down on someone because of where they live, eat and their politics (assuming very lose definition of "racist"). And when did the role of journalists start including dunking on random people?

KevinFarzad is not a journalist. WaPo was just reporting on such jokes.
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