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Facebook isn't going away. However it seems to be coming apart because its hard to argue that FB improves, rather than burdens, people's lives. Its simply easie
by rrggrr 9y ago
Facebook isn't going away. However it seems to be coming apart because its hard to argue that FB improves, rather than burdens, people's lives. Its simply easier, less distracting and often happier connecting outside FB's walled garden. For example:
Messenger --> rampant competition from about a dozen apps.
Community --> reported audience declines. From participation fatigue, privacy concerns, and competing sites.
Publishing --> push-back from content providers and publishers who don't wish to be assimilated into the 'borg'.
Payments --> no real competitive offering.
FederatedID/SSO --> rampant competition from Google, LinkedIN, Github, etc.
I really believe Facebook is grossly overvalued as an internet property, much in the same way MySpace and AOL were in the 'old days'. I also suspect that Twitter remains undervalued in terms of influence and - importantly - 2nd/3rd order reach (eg. republishing).
There's something to be said for building products that make people's lives easier and truly happier, and I'm not sure that FB does either anymore.
- dfabulich 9y ago> I really believe Facebook is grossly overvalued as an internet property You could have made this exact argument in 2012 when FB was worth $20/share. Was this argument wrong in 2012 but correct in 2018?