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>Facebook owns a large chunk of all ad revenue now Facebook rode the wave of open 3P consumer data which is now closing everywhere, from DMA to iOS restriction
by minsc_and_boo 4y ago
>Facebook owns a large chunk of all ad revenue now
Facebook rode the wave of open 3P consumer data which is now closing everywhere, from DMA to iOS restrictions. That's why they're trying desperately to pivot to the metaverse, so they can use first party data. Facebook is currently experiencing an existential threat.
Social media diminished to algortihmic media (e.g. TikTok) which will likely diminish to AI media sooner rather than later.
- Groxx 4y agoDefinitely - fast ecosystem shifts are the nature of social sites and I'm glad the market is re-learning this... to some degree anyway. Google can still point to it and say "billions missed out on" though, and not a single person in the board room will disagree. Meta-wise, I'm glad the acronym is now MANGA, and I have my popcorn ready. The metaverse is the second biggest joke I've seen this much money spent on, second only to NFTs. I quite like VR, but "owning" "the metaverse" is unbelievable nonsense.