Facebook will lose 80% of users by 2017, say Princeton researchers (2014)
theguardian.com
theguardian.com
Well, yeah... The more people are already familiar with facebook, the less they will be googling/researching it. If anything, considering the popularity of Facebook at the time, it should have been seen as a sign of vitality.
I'm pretty disappointed that the Princeton researchers were so blinded by googlinums that they forget those googlinums don't exist in a vacuum. Probably why mechanical and aerospace engineers aren't fit to make predictions of a social nature (among other engineers, too, sadly).
Thus they may derive a benefit from staying at the office during the evening rather than going home to a smaller space and no computer.
A nicely designed all-in-one PC is a lot more palatable and manageable to the average person than the old tower/cables/monitor/speakers/etc.
However, i'd assume for Facebook a much larger % of users are now via smartphones - so get their fix directly through the app, with no search engine involvement.
What it _doesn't_ take into account is mobile app usage, which might have been what sucked in all those people vs just total loss.
People joke about "my grandfather opens his browser and types 'Yahoo' into Bing, clicks the link and types 'Google' in to Yahoo, clicks the link and types 'Facebook' into Google to get to Facebook", but it's not that wild an exaggeration of how much of the developed world -- which is not computer-literate -- uses the web. That's part of why walled gardens and native-feeling app experiences are so successful.
Isn't there a service which shows popularity of search terms? That would be one way to get a handle on frequency.
Found it:
https://www.google.com/trends/explore?q=Facebook
I don't know this tool well enough to know if this is for queries where the only term is Facebook. Happy to be corrected!
"Navigational searches" are a thing and they are very optimized by Google. But yes, auto-complete likey handles a lot as well.
App stores have terrible search features, and return thousands of scams before the real thing for anything except a small class of very well-known apps.
If it is true, I wonder what class of user it's true for, and why they got this way?
Observe how many people do not even do a search for very simple things. The concept that they might be able to know or discover certain things doesn't seem to actually occur. Of course, this needs to be distinguished from their just being lazy, but even this is problematic, since it's almost always the case that finding it themselves is much faster than asking someone else (who will often essentially just do what the asker didn't...). It's almost a kind of learned helplessness, but with the "learned" part often being very short or implicit.
> Googling facebook is how
> many people access it
I suspect mobile usage of Facebook makes the percentage of people Googling for it a rounding error.Facebook pushed mobile first several years ago and were very successful with it.
The Facebook iOS app is snappy on my iPhone 7. Compared to that the Facebook website I access with my MacBook Pro Late 2013 does not feel smooth, and the navigation is terribly broken. Pressing the browser back button often simply does nothing even though the URL in the browser location bar changes. It is frustrating. The iOS app just works.
I can report at least a 20% improvement in stress levels.
Facebook is way too overwhelming for me to use. Fortunately the parts that I need to use occasionally (birthdays and messages to acquaintances) can be achieved by spinoff apps (Events and Messenger)
Edit: interested to know why the downvote.
https://www.google.com/trends/explore?date=all&q=google,face...
Note that the searches for FB on Google have been dropping while the searches for google haven't really.
I wouldn't be particularly surprised to see Facebook do a face-plant soon given the trends, as I believe google-trends is not an unreasonable proxy for how often people want to get to a site. But, perhaps that's just my optimism for humanity peaking through...
https://en.wikipedia.org/wiki/Timeline_of_Facebook#Product_a...
this seems like a hasty generalization. it's probably fair to say that a mechanical engineering education is unlikely to include much depth in topics of a "social nature". (of course, there's nothing stopping a mechanical engineer from diving in, be it formal education or self-directed.)
that said, identifying one's assumptions (such as: a decreasing search trend implies decreasing interest or utilization) is an important facet of any sort of research, be it "social" or not. i think describing this as a "science/engineering geeks aren't qualified to talk about social stuff" situation seems to miss the mark.
However, that Facebook doesn't have a phone is a problem. People have to download and install the app. I would imagine many Android users google Facebook to install the app.
So then, the study may actually be valid.
An aerospace engineer might be able to rattle off all of the important higher order and relativistic corrections to the hydrogen atom, but when it comes to society...
You get as far as the 'a'?
This was written in 2014, the researchers saw a small trend and extrapolated that the trend would continue, causing 80% user loss from 2014 to 2017.
Since 2014, FB's active user count has increased from 1 billion to 1.7 billion and the stock price from ~60 to 120.
This article is a great example of a very terrible and very wrong prediction.
I guess you might be counted as 4 people if you use all your test accounts regularly, but the average number of Facebook accounts per person must be extremely close to 1.
Facebook estimates that between 5.5% and 11.2% of accounts are fake [1]. So that's still around 1.59 billion real users.
[1] http://thenextweb.com/facebook/2014/02/03/facebook-estimates...
The value to outsiders is now about the untangleable web they've built: so whether you're using a dating app, OAuth, Messenger, Instagram or Whatsapp (last one is a bit of a tricky one right now) you're still a user of Facebook. Maybe you're no longer addicted to the feed - cuz fake news - but Facebook is still deriving some value from you as you're still a part of their platform.
So if they don't use Facebook's website or app, or Messenger as a Facebook user, they don't count.
http://www.adweek.com/socialtimes/monthly-active-users-defin...
http://www.pewinternet.org/2016/11/11/social-media-update-20...
In total I would expect less than 10% of the world population to use Facebook, but even that would be massive.
Do you not see the humor value in that?
You get more insight into curves on Facebook if you analyse them with the Cox-Zucker machine. No relation to the facebook founder.
just some anecdotal facts: i know lots of my friends (mid age working professionals) realize that FB is a waste of time and if anything try to avoid it more and more. its just a matter of time before other platform takes over.
But he might be making a prediction/silly joke that Trump will destroy the US or something.
After that, every single time I think about using Facebook the shame engine in my mind generates enough repel force for me to not do it.
I didn't do that whole process intensionally. I remember seeing some meme like "checking out Facebook in the summer -- all my friends are having fun somewhere and me masturbating lonely in a dark room" and that initiated the mindset change.
To be honest, I know using Facebook is NOT a shame, but now I don't have any reason to use it at all. (There are some stupid website which only allows Facebook login, and I use my gf's account for it -- neither I nor her care about what's on her facebook.)
I did this couple of years ago and never went back.
Every time you see a vapid post, unsubscribe from whoever posted it. Eventually you'll have five minutes worth of feed every day and it's only people you're interested in. Suddenly you're not wasting time, you're just getting a couple friend and family updates with your morning coffee.
Link: https://chrome.google.com/webstore/detail/news-feed-eradicat...
I would impulsively type the URL and then the small nuisance of having to log in was enough for me to close the tab. After a few days it was enough to stop the compulsion, and now I haven't used Facebook in months.
Reddit on the other hand...
To be honest, the only content left is the mommy swap pages. Fancy Craigslist. :)
I think Facebook has failed to notice the precipitous drop, because they can only A/B test small changes, and none of the thousand cuts seemed like much damage.
Now they lack the magic to get new users hooked, are transparently a psychologically-manipulative ad-network, and are wondering why engagement is dropping or young users are finding new platforms.
I call it stats blindness: you optimize for a proxy, and end up walking slowly downhill.
If you're trying to organise a community instead of just making money from its economy, then a semi-public space like Usenet or Facebook turns out to be really useful.
There are a lot of very, very old companies in the world: https://en.wikipedia.org/wiki/List_of_oldest_companies
Kongō Gumi is a Japanese construction company that was started in 578 AD, and operated for over 1,400 years until it was bought in 2006.
If Facebook lasts as long as Kongō Gumi, they'll still be around in the year 3432.
I've heard people be suspicious of other people that didn't have an online presence. Especially if they were working in tech. It's just so weird sometimes.
I think Slack is a good example of this. What it's doing is possible on other platforms, but it's better at what it does and so it's attracting a lot of attention. Eventually some site like that is going to attract enough people who start using it as there primary online interpersonal interaction page, and let their presence on other sites stagnate. At which point other people will start navigating to the platform simply because that's where everyone's going, and you'll get a snowball effect.
Like with a lot of things, once it gets started it will probably happen very rapidly.
Buses (to many people) are a place better off without a lot of conversations going on. That used to mean books or staring out the window. Phones seem to offer a legitimate improvement here.
Now, if you're talking about somewhere like bars, that might be different. But I mostly see face-in-phone on buses, and people talking at bars. (YMMV, anecdata, etc.)
I suspect any issues they have with Facebook would be had for any of its alternatives.
Unless that alternative is radically different, like in-person conversation.
Secondly: Saying that Facebook's popularity will rise and fall in a similar trend that Myspace did is like saying Google's popularity would rise and fall like Ask Jeeves's.
Thirdly: Facebook owns Instagram and WhatsApp
Conclusion: Big brother Zuck is here to stay!
Given that the Street wants the stock price to always go up, future earnings has to go up. Hard to do with less user growth, because 1.5B already. More ads is hard if you want to keep the platform interesting. Still, room to grow in lesser FB-developed countries, with FB benefiting from economy growth and ad market growing there. But how much growth left in main earning market (US) without destroying the user experience?
With strong leadership, FB could say "to hell with higher and higher profits, I am happy to run a very profitable utility, not plastered with ads, a la Craiglist". But Zuckerberg seems all talk there. And he is trying to sell a lot of his stock. Yes, he's trying to retain control too, but that will be very hard (see current litigation on that). And employees don't like stocks that are not going up.
With less user and financial growth, less momentum, fewer interesting challenges, FB can slowly turn into Yahoo/AOL, and people may start saying bad things about the company (users + employees), creating a bad momentum. It would be hard to reverse, especially if FB is managed quarterly by earnings, as opposed to strong leadership.
Also, I get the feeling that FB got a small temporary break with Trump. A Hillary victory may have meant many very senior executives leaving to the new administration, possibly accelerating FB's loss of momentum.
Obviously, lots of talk here, many "ifs" and "maybe", and no hard data. That's why in the end I am not shorting the stock today. But wondering if I should.
Instagram is growing among the demographic that Facebook first conquered when it first came out and is vying [2][3] for Snapchat (partially by its original premise, partially by copying its features [4]) to be the most popular platform for 18-25.
Meanwhile the original Facebook's audience is aging, and most of the time it's an event scheduler (like Google Calendar), or photo album store (like Flickr), or a tumble-log of memes (like Tumblr), but lots of people still run the app on their phones and wander around with Location enabled. On desktops, a ton of people don't clear their cookies and the Like widget on websites lets Facebook know what sites they visit. Some people have taken to using Facebook Auth to log in to medium-value sites they visit less often -- like to buy concert tickets.
All this contributes enormous value to Facebook's ad ecosystem, which is in second place to Google, and together those two are the only real players [5].
[1] https://news.ycombinator.com/item?id=11107321#11114518 [2] https://news.ycombinator.com/item?id=12799794#12800418 [3] https://news.ycombinator.com/item?id=12799794#12800957 [4] https://news.ycombinator.com/item?id=12210324 [5] https://twitter.com/jason_kint/status/814842452003659776
https://news.ycombinator.com/item?id=1719975 (Facebook is not worth $33 billion) - This was more than a year before the IPO. The market cap is 10x that today. Lots of poor predictions but also some cautious optimism from some people.
https://news.ycombinator.com/item?id=4002730 (FB down 8% at opening) - Some rubbish number pattern matching and lots of doom and gloom. Interesting
Last year, I tried to close the account again. First unsubscribed from all email notifications from fb. And downloaded all my content from fb. Then closed the account. But this time too I logged in twice but made sure instead of logout I closed the account both times. That's it - its been more than 8months now. I didn't bother to login to fb. Honestly, I feel much peaceful now.
Last week decided to quit, en.lichess.org its been week . let's see :-)
Search traffic has decreased significantly:
https://www.google.ca/trends/explore?date=all&q=facebook,yah...
It feels to me like there is a reckoning coming that even Facebook is not immune to.
The irSIR model that was predicted by the paper is about 2 years off from where we are now (the "late" model is about 1.5 years off). Repeating the study with information up to today and the new prediction is that Facebook's Google Trends measure will drop below 20% within 2 years.
https://www.google.com/trends/explore?date=all&q=%2Fm%2F02y1...
The closest thing to a problem has been that I sometimes learn about events a little late. But I've found that pretty much anything I'd actually want to go to I find out about other ways, usually by talking with friends. I probably miss out on a lot of major life news from people I vaguely know, but I'm okay with that. And it probably pushes me to make a little more effort to stay in touch with people in old-fashioned ways, like seeing them in person, or talking on Snapchat.
I can't use one or two dating apps anymore, but I have a feeling my relationship status is unaffected regardless.
It's worth noting that even back then people thought it wasn't a great piece of research.
"Princeton professor predicts 99% chance of a Hillary Clinton win"
Also, if that summary is true, that meant 1% likelihood for Trump. Not zero. That's how stats work.
You're right; it's a problem with predictions _generally_.
It's just that academics make predictions that carry more credibility.
Maybe she did have a 99% chance of winning? I don't think so - but I haven't actually worked it out. I'd be interested to see the conditional probabilities.
538 put Trumps chances at ~20%, which seemed about right overall.
[1]: https://addons.mozilla.org/en-us/firefox/addon/kill-news-fee...
Also, I'd have liked to know to what Facebook would lose its users. During the Pokémon GO craze Facebook and other social sites lost temporally their users before they came back.
Really amusing. Now people type facebook.com and open facebook app on mobile. This research is garbage.
While it might have been common to go to a website by searching for it, accidentally or not, many interact with Facebook via a mobile app. Using google search trends will not account for this change in behavior.
I feel like Facebook and Google will never die, at least not during my life. Am I the only one?
The real question is if Facebook and Google will always be incredibly popular.
Take VW (Volkswagen) for instance: They looked like the dominant car vendor, but with the Dieselgate they hit a wall which will make it hard to recover. Another example would be Nokia. They still sold about 40% of the phones in 2010 - but they missed the crucial trends and made the wrong decisions.
PS: I personally would believe Intel lives longer than Facebook.
That's why it it was such an inspired move by Zuckerberg to acquire it when they did.
Many companies (including Facebook) tried to beat Google's search algorithm, they all failed (except for Bing which seems to be used by some). Unless someone can make a search engine that is much better than Google, they will keep being successful.
Same for an ad network. If you have a website, using Google for ads seems to be the best option so far. No one is really happy with Google, but they still seem to be better than most competitors.
I'm not sure how much Facebook tried, but searching within the Facebook platform is a really bad experience. It's as if many things are either not indexed or are indexed with only selected sentences or words from the content. I struggle so many times to find older content for reference and to point people to, and fail a lot more times than I succeed (I mostly search in groups). Since Facebook thrives on people wanting new content and clicks, it doesn't seem like it's in Facebook's interest to make searching within the platform better. From whatever I've seen over the last several years, if at all Facebook has been working on search, the engineering team is utterly incompetent on that front.
Wikipedia with some background: https://en.wikipedia.org/wiki/Facebook_Graph_Search
Attending fewer events
Misreading others' intentions
Yeah, I think I'm gonna stick with Facebook. I don't need even MORE reasons to be a hermit -- it's already my natural tendency!
That said, I would like Facebook to go, and not only because of its repugnant behavior with regard to its partnership with the US and foreign governments for propaganda, censorship and surveillance.
About a decade ago developers tried exhaustively to make every app "social". The reason for doing so is that, after a certain threshold, having a community locked into your platform raises barriers to competition.
When it comes to large social media sites - Facebook now and Myspace before it - there can 'only be one'. There's only one place where large numbers of users can go. They don't want to post everything they think ten times to ten different communities.
This makes the kind of large scale social media network Facebook represents a "natural monopoly". It can not have competition, except in the form of potential successors to market capture.
This makes the "market" of social media look more like king-of-the-hill than it does efficient laissez faire competition.
The better solution for social media would be a distributed platform with no central ownership. This solves privacy, censorship, and surveillance concerns and limits propaganda to a certain degree as well.
It also creates an environment where there can be competition. Now companies are free to create different client software with different feature sets at different costs. So distributing the infrastructure for social media addresses the enormous problem of market failure as well.
Sure, distributing the software to new servers is free. Procuring the software that needs to be on the server is another matter. This isn't a slap a load balancer on top of a few servers and a Postgres instance sort of problem.
Networking effects are extremely difficult to break.
Also - brand power is stronger than you'd imagine.
Coca Cola is not better than many other colas. Taste tests confirm this.
Yet coke and pepsi have a 'brand duopoly' on colas.
Cola should be a commodity, like water, but no, it's a weird duopoly/oligarchy.
Aside from brand, and networking effects - there is usage history etc. - Facebook also has all of your social history.
Facebook does exhibit many monopolistic advantages, as does Google.
But Facebook is at the moment really good at capturing what users want. So they have this monopoly for a reason. But I'm very sure that at some point people will leave Facebook for something else, just because that's how it has always been. The question is just how long it takes until that happens.
Though I'd wish for this to be true, I'm not sure it'd happen anytime soon. Gmail, though not a social platform by itself, stands as an example of an entrenched email provider on the consumer side because of its features (and originally a promise of larger and increasing storage quota). Similarly, Facebook is not sitting on its monthly average users and will keep improving, acquiring and absorbing things from other platforms to keep its stronghold. Sure, it will face challenges (like Snapchat), but it will not be dethroned soon.
Companies can very quickly become unpopular. They will exist for another decade or so before being bought for a cheap price. I'm very certain it will happen to Google and Facebook just because so few companies dominate a market for more than 20 years or so, especially if there are no large start up costs.
However, that doesn't mean one company will take over what Google or Facebook do. It could as well be companies doing something else, but taking away the main revenue streams.
/s
I wonder how many people use it in the very social sense anymore, and how many use it for basic messaging.