> When Facebook posted good returns and stock didn't drop right after Cambridge Analytica many were gloating about how that is "proof" that the privacy scandal

> When Facebook posted good returns and stock didn't drop right after Cambridge Analytica many were gloating about how that is "proof" that the privacy scandal didn't affect Facebook and that no privacy scandal will ever affect Facebook. > But they were simply not looking closely enough. And as I said back then, you need to give this sort of things time to see the real effects, like at least until the end of the year. I agree. > Because I believe the worst is still ahead of Facebook. Facebook is now on a downwards path, and it's irreversible. I don't think I agree. Facebook still has many opportunities for user and revenue growth in Instagram and WhatsApp. As far as being irreversible, Microsoft was in a very dire position too and now it's having record-breaking quarters. It'll largely depend on leadership and direction. > Facebook is now officially Blackberry. And just like with Blackberry before, many dismissed the fundamental issues of the company while blindly following the "record quarters" Blackberry kept having until 2009. If they had just looked closely enough, they would've seen that BB's core North American market was on a steep decline path and it was also obvious that its phones were nowhere near as good as iPhones or Android phones. One bad quarter doesn't make a company "officially Blackberry". IIRC, Blackberry didn't release it first touch-screen phone until 2013 (5 years after the iPhone) and it's first Android phone until 2015 (8 years after the iPhone). It was their stubbornness quarter after quarter, year after year that sank them-- they weren't dead the minute the iPhone was released just like Samsung wasn't. They should've just played smart and embraced Android/touchscreens from the get-go. Will Facebook remain stubborn or will it gain trust back? I don't know. Calling it dead already is a huge oversimplification though. > Just look at what's happening to Facebook engagement. Ignore Facebook's sugarcoating. Look how the people around you are using Facebook and what they say about it. The people around me are not an accurate sample of all Facebook users around the world. In my case, I see a lot of people using Facebook for Events and Marketplace. I see everyone on Instagram. The real data is in the numbers. Facebook's website falling behind Reddit is telling, but Instagram and WhatsApp surpassing Snapchat's stories also is ¯\_(ツ)_/¯