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Network effects - the more people use Facebook, the valuable it becomes. If you want Facebook to die, stop using it. Meta makes 98% of its revenue from advert
by nojvek 2y ago
Network effects - the more people use Facebook, the valuable it becomes.
If you want Facebook to die, stop using it.
Meta makes 98% of its revenue from advertising, and that segment grew 25% last quarter YoY.
Meta has 3.19 billion DAUs and 3.9 billion MAUs (Almost everyone connected to internet not in China). Their engineers and scientists have invented digital cocaine and they've got very little push back.
They keep on printing more billions every quarter.
- bttrpll 2y agoDone. I also deleted Instagram. Meta is awful.
- alper 2y ago> Their engineers and scientists have invented digital cocaine They bought Instagram and WhatsApp because they couldn't figure anything out.
- samtheprogram 2y agoNot true, they bought the growing competition -- in the case of Instagram, digital crack cocaine.
- WheatMillington 2y agoRight because Facebook was such a miserable failure before those acquisitions.
- dboreham 2y agoIt was a failure at acquiring young users.
- wavemode 2y agoAre you familiar with the origins of Facebook?
- _DeadFred_ 2y agoYes. And they were petrified of becoming not cool/population aging out/etc from day one.
- bigfatkitten 2y agoWhich some extent, it has. My 14 year old describes Facebook as "the app for boomers."
- _DeadFred_ 2y agoIf you knew Facebook people, they were super super scared. They literally bought those apps out of pure fear.
- laweijfmvo 2y agoInstagram today is effectively a totally different app than what they bought.
- razster 2y agoOur company on Friday will be discussing the deletion of all META accounts. We're at the point where we no longer need them and it is a waste of resources, not to mention how horrible they've become.
- echelon 2y ago> If you want Facebook to die, stop using it. None of us have any power. Most people will continue using it.
- autoexec 2y ago> If you want Facebook to die, stop using it. I don't use facebook and somehow facebook hasn't died yet. In fact, facebook is happy to create an account/profile for me since I refuse to and they populate it with data about me collected from anyone who mentions me on their platforms, as well as by scraping data posted to the web elsewhere and by buying up my information from data brokers. I said "No" to facebook, and facebook said "You don't get a choice". There's no reason to think that if people stopped using facebook it would go away. Facebook has already demonstrated that they're willing to populate their site with shadow profiles and fake AI accounts to keep up the appearance of being filled with active users even as their real user count continues to decline. The AI they're using to make bots was (at least in part) trained on things I wrote, or were written about me, on sites other than facebook. When young people started leaving facebook for instagram facebook just bought instagram to keep them. There is simply no way to for users to vote with their feet/wallet here. The best we can hope for is that advertisers will notice that AI bots viewing ads won't increase sales, finally get tired of all the other ad/click fraud going on and stop using the platform. Maybe then facebook will die, but even in that case I wouldn't hold my breath. Facebook will just keep trying to expand into other areas like healthcare, education, and shopping
- ipython 2y agoI stopped using it about 12 years ago. So you can thank me for their number being 3,190,000 DAUs and not 3,190,001 DAUs. (point being, while individual action sounds like a nice solution, it certainly doesn't operate on "webscale")
- jtbayly 2y agoYou left off 3 zeros those numbers!