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Facebook is already in decline (people have stopped using it, either completely or drastically reduced their usage of it). The problem is Facebook is allowed t
by mtgx 8y ago
Facebook is already in decline (people have stopped using it, either completely or drastically reduced their usage of it).
The problem is Facebook is allowed to buy rising competitors on its way down, thus prolonging its monopoly in the social media space.
- Jaruzel 8y agoIt may be in decline, but like a ship slowing down from light speed, it will take years before there's any significant change in the social media landscape. They have a very long time-frame of opportunity to turn their ship around, and it wouldn't surprise me if they do. A good real world example is Disney. Disney has been almost broke a few times over its lifetime, yet currently it's so huge that people believe it will never fail again. Facebook have so much money in the bank, that the moment their primary model is no longer viable, they'll just go to market and buy up the next hot thing, and switch their focus there. They are like an unstoppable pandemic virus in this aspect. In dystopian sci-fi novels and films, there is commonly the concept of 'The Company' who see-all, and control-all. It used to be that we'd predict it would be IBM, or Microsoft who would be 'The Company', more recently we'd say it would be Google. Currently however, it's more likely to be Facebook.
- ryanwaggoner 8y agoIt used to be that we'd predict it would be IBM, or Microsoft who would be 'The Company', more recently we'd say it would be Google. Currently however, it's more likely to be Facebook. This is exactly why we shouldn’t worry about it. The company that we think is going to rule the world forever changes every ten years.