4 ms·
This is likely the peak for facebook, the website. But it may not be a peak for facebook, the company - it is time for a new product. Facebook successfully di
by mgl 4y ago
This is likely the peak for facebook, the website.
But it may not be a peak for facebook, the company - it is time for a new product.
Facebook successfully digested any vital competition in the social media market, the big question is whether they (still) have the innovation gene in their DNA.
Alternatively, they could keep acquiring any new emerging social apps like BeReal, especially targeting the youngest people, so the platform can keep the attractive demographics forever.
- civilized 4y agoWhen did they last do innovation? As far as I can tell the site is hardly different from when the Wall / News Feed was invented in... what, 2005? Since then they've made a few minor extensions of the site, a few major acquisitions of competitors, and that's it.
- rschachte 4y agonot sure if you’re just referring to the network itself, but Meta has done a ton of innovation. React, PyTorch, Jest, RocksDB, etc etc. As an app though, no clue. Haven’t had a Facebook account for 6-7 years. Feel like people just have such a poor view of social media now that they are on a downward spiral. Lots of smart people there though, hopefully we can move away from social media and focus on social welfare.
- pclmulqdq 4y agoThe FTC almost blocked the instagram acquisition. I doubt they would let Meta get away with that trick again.
- specialist 4y ago> ...whether they (still) have the innovation gene in their DNA. I attribute many (most?) of Facebook's prior successful pivots to having better intel on emerging products and segments. By using stuff like a VPN product (Onavo?) to surveil their users. How's Facebook going to get that kind of intel now? What's informing Zuck's pivot into VR? Hunches? Reading back issues of Wired and Mondo 2000?