Facebook Is Weaker Than We Knew
nytimes.com
nytimes.com
A speculative piece with zero substance. It focuses too much on whether Facebook is still cool (it isn't) and that it is heavily criticized at societal level (it is).
That does not automatically translate to weakness, decline or a full termination of the service. All of this may happen, but not a single meaningful or impactful piece of evidence is delivered to substantiate it.
A quote like "Facebook is for old people" could have been made 7 years ago. It has been true for a long time, but all meaningful metrics since then are way up, not down. Plus, you know, there's quite a few "old" people in the world, and they have political and purchasing power.
The US-centric take on Facebook is also limiting. In quite a lot of (developing) countries, Facebook is the ruler. It's used for everything, all day. And unlike the West, many cultures do not think its "uncool" to mingle with parents. They don't have a dismissive or hateful relationship with the elderly.
Only 1 in 9 FB users is from the US, yet the entire basis for most of these type of articles is to just forget about the other 89%.
I don't think anyone has had a realistic chance of becoming facebook since facebook became facebook. Google didn't have a realistic chance of becoming facebook, and they partially wrecked a lot of their other properties in the attempt.
One thing that indeed sticks out is that if you take a particular topic and inspect the leaders in that topic, many have more than 100K tweets. That's over 270 tweets per day if you'd compress it to a year.
A quick glance at these leaders' timelines shows that they tweet all day every day, you need to scroll endlessly to just catch up with a few hours of their activity. It's basically all they do.
On the other end of the spectrum are indeed people that never tweet or hardly ever tweet.
And there's an important in-between category. People that do use it frequently, mostly commenting on those extreme leaders, yet for some mysterious reason, they can never get above the magical number of 2,000 followers themselves. They are basically the cannon fodder for the Twitter elites. It is them that like, retweet and comment, all to boost people already winning at the game even further.
Somewhat related, I encountered this curious phenomenon myself accidently when trawling through CBC news articles in the lead up to the latest Canadian election. I casually scrolled through the comments for some guilty pleasure entertainment, and found the same few commenters posting on every single article. I took a peak at the profiles of two commenters who were flighting over their political view points and found they each had over 100k comments.... On CBC news articles....
[1] https://www.pewresearch.org/internet/2019/04/24/sizing-up-tw...
Probably "Most of What You Read on the Internet is Written by Insane People"
https://news.ycombinator.com/item?id=18881827
https://www.reddit.com/r/slatestarcodex/comments/9rvroo/most...
I think the point of the article is that while FB might look strong to outsiders, if you look at internal communications and efforts, they sound pretty worried about becoming irrelevant. What stronger evidence could you want than that?
The point is proportionality. A single signal, the slow decline of teen activity, which has been known for some 2-3 years, is used to lead to an existential conclusion. A service with 2.7 billion users that has kept growing despite years of criticism is called "weak" for it. I consider that a baseless dramatization.
Seeking next growth areas (such as pre-teens) isn't "desperate", it's just Facebook trying to keep growing the user base, which is obviously a hard thing to do at this size.
Stock price is not an indicator of aliveness. Facebook is morally dead. It is the new smoking. Slowly but surely people will ween themselves off it, and a great diaspora will begin. To where? Who knows, but I imagine people will have a choice of multiple services instead of one or two big behemoths (i.e Facebook & Twitter).
The trend I've seen is the emergence of services that exclusively cater to an echo chamber (usually far right or far left) and will probably monetize by selling that audience out to interests who want to reach that demographic. That I'm afraid is even worse than Facebook since it puts people into permanent filter bubbles from which they will not escape unless they leave the network.
Facebook is like smoking in some ways, but there is one huge difference: the dynamics of the market forced Facebook to be like that or die. Since everything has to be "free" but nothing actually is, things can only be monetized in sleazy underhanded ways.
"Free" is really the central pillar of surveillance capitalism just like it was for classic wall-to-wall advertisements television.
The next FB could be smart enough (or regulated enough) to require this change.
All the financial incentives right now heavily incentivize sleaze.
But Instagram is not, and Facebook will keep adding ads and mind-tricks so they can further milk their addicts' attention.
And if not Facebook, TikTok will do so.
Marlboro may be in trouble, but the new Big Tobacco is doing-well-thank-you.
Do you have any kind of stats or even anecdotal evidence to your claim, other than you left ("early" in your own words)?
Counter-anecdata: Many of my friends are unhappy with Instagram because of the (randomly![1]) filtered timelines, intrusive ads[2], etc.
[1] e.g. I see different timelines on web vs iOS with the same account. It's bafflingly stupid. I just want a chronologically sorted list of post from everyone I follow.
[2] Checking just now, scrolled through 25 timeline entries - 7 of them are ads.
I didn't mean no one had criticisms, maybe "very happy" was an exaggeration. I'm just saying I don't see the exodus the GP thinks is imminent, even on a small scale.
We might even see the name change while the social network is still up and running, resulting in some ridiculous re-brand like "Facebook by FB" (did you know that the actual Express service from Fedex is now called "FedEx Express"? :)
A fourth of the world population uses it daily, and a third uses it monthly. They are far from dead.
Sure, one day that will not be the case. But you can say that for any company out there.
It sounds like you are predicting that their user base will shrink significantly? Since the stock price is essentially people estimating the expected value of the company, including future growth or decline, it seems to me like the stock price should be a good indicator of this?
Successful value investors like Warren Buffet have proven time and again that the stock price is often wrong. They are so rich only because others are so often so wrong (paraphrased from Charlie Munger).
> $81.5 of Warren Buffett’s $84.5 billion net worth came after his 65th birthday. (Housel)
* addictive
* network / peer pressure effects
* damaging (but insidiously only after long cumulative use)
* poorly regulated even after the negative externalities became known
* less developed (and even less regulated) markets the final "growth" act of the industry
We can thus extrapolate that usage will only stop when governments start actively warning people (instead of tacitly approving and bankrolling with gratuitous advertisement when they maintain presence on the platforms and invite their citizens to engage there)
Can we push the analogy towards a solution / better social media? There are various proto-alternatives in the fediverse space. But some look suspiciously like E-cigarettes. Maybe the only cure from (at least this type) of social networks is to just pull the plug. As long as the billions keep pouring in and financing this sick business model we'll never really have a proper exploration of possible healthy alternatives to online social media
Not just that, but like tobacco, FB was strategically, scientifically researched and optimized for addiction. In FB's case it was through emotional manipulation instead of chemical but capitalizing on biology in both cases.
- deliberately sowed doubt and misinformation about the harmful effects of their productt
- hired in-house researchers to produce bad science to counter the legitimate research finding the product is harmful
- insisted that "the science isn't settled" while hampering study into the harmful effects
Hopefully, they will re-discover the joys and challenges of in-person communication and social networking.
The next frontier is vr metaverse.
Twitter and Instagram are just as bad as Facebook.
Reddit is magnitudes worse.
Isn't this true of any service, at least of a certain size? My Twitter feed is tightly, tightly curated, and even the comment replies to these extremely high-quality accounts are full of unbelievable levels of stupidity and hostility.
I closed my Reddit account after the last Danish parliment election, when it became clear that only left wing politic was considered “correct” and apparently any liberal party or candidate is not to be trusted, so no argumentation would considered valid.
The TV industry has been booming and the only issue is more advanced successors.
TV can be addicting, rage inducing, waste of time, ruining teenagers minds and giving them bad body images issues.
TV is also informative, educational, and makes people happy since it’s fun to watch at other times.
While some people have been for years complains about the destruction of human society by TV, the majority just nods and prefers having it to not.
(FB employee, opinions my own)
TV doesn't track me, doesn't tailor content to influence my behavior, TV doesn't try to build a model of my social network. And the big difference - TV actually creates content themselves.
1: https://www.lung.org/research/trends-in-lung-disease/tobacco... 2: https://www.morningstar.com/stocks/xnys/mo/trailing-returns 3: https://www.morningstar.com/stocks/xnys/pm/trailing-returns
It's also just about the least cool thing out there now. In the early days of FB, old people would sign up b/c FB was where they could get in touch with their grandchildren. Now 20 somethings keep their FB account around just to keep in touch with their Boomer grandparents. FB is the new Fox News. A financial juggernaut fueled by angry baby boomers.
That was announced to great fanfare and support in the NYT a decade ago, and it didn't turn out so great.
But the core of what Facebook does is very good. Everyone I care to still be in touch with from high school, college, and multiple past jobs is there. That core feature is good, not bad.
And it's not at all obvious that those people are ever going to go somewhere else. Sure, teenagers are going to keep adopting new, fun stuff, but none of that new, fun stuff replaces that core feature of Facebook.
"Teenagers hanging out" is a different use case from "adult who wants to stay in touch with people he knew a decade ago." There's no competition for this latter use case.
1. My favorite local events/groups/restaurants/shops are doing all on FB now.
2. Facebook market place has replaced craigslist for me in the last year or so.
3. WhatsApp is as pervasive as it gets.
Oh, FB is also holding something like $64B in cash.
Most of the people who reply to marketplace are older women who see a promoted post and just click "Is this still available?" button and never talk to you again or talk for a day or two and then ghost you after "my husband took me on a surprise trip and I won't be home until Monday, you can give it to someone else if you want." Happens too much to make it worth the trouble. I had to start selling things I wanted to give away because the price reduces 20% of the pain but anymore it's just too much effort. Craig's list, aside from potentially getting murdered, is a much better experience.
Well they would have bought musical.ly, which is where the non-Chinese TikTok came from.
Anyway, they could give eBay some real competition and could be a future revenue source if it keeps expanding.
If it becomes mainstream then it will have the same problems as all other marketplace websites.
This is true of just-about every political conversation on FB and other social media. And, no, it isn't limited to engaging with conservatives. The extremes are present on all sides. It's absolutely horrific to watch. We have watched family members and friends turn on each other and end-up on diametrically opposite ends of the political spectrum, locked into inescapable toxic resonant chambers.
The process is insidious. In other words, it tends to happen gradually, slowly, over time. The algorithms optimize and keep shoving people deeper and deeper into mono-culture echo chambers. I have personally seen people go from nice-as-can-be to merchants of hatred, again, on both the right and the left.
This is no different from the kind of indoctrination that produces such things as terrorists. The difference is that it can happen much faster and it is happening to adults. They are in the grips of a machine learning algorithm with a fitness function that optimizes for nothing that is healthy for the user at all.
Like I said, it is horrific to watch. About a year ago I removed all of my FB connections and only kept about a dozen direct family members, just to exchange pictures, videos and keep in touch. The rest is something I do not care to ever be exposed to again. I lost decades-long real-life friends over the effects of the FB algorithm. Truly sad stuff.
I deleted my account almost 10 years ago. I've had no regrets. However, I'm finding lately that more communities have no option but Facebook to communicate with others. I live in a somewhat large metropolitan city in the US but it's nearly impossible to find anything on Craigslist anymore — Facebook Marketplace has displaced it. Even local enthusiast groups or my children's school's parent groups communicate only through Facebook. I feel like a luddite when I ask organizers if there is a email mailing list or suggest to start one. Lately I've had urges to create an account again solely for these sorts of groups, but knowing myself, it's a slippery slope.
Ultimately to participate in civil society in my community I have to be in particular FB groups. I'd much rather meet people at local events, but the past 2 years basically I can either be isolated or on FB
I simply won't participate in a community that insists all communication go through Facebook-owned channels. I have found that most hobbies and groups I participate in do send out their important info over E-mail as well as whatever they post to Facebook. I've never been embarrassed to go E-mail only. And if they really insist on FB, I just do without. It's not worth it. Be part of the solution, and all that.
Now that it looks like the worst of the pandemic is behind us (hopefully???), and people start getting out more and seeing people in real life, I think Facebook usage will decline accordingly. Facebook got a serious bump due to the pandemic and now that things are subsiding I expect so will Facebook usage.
As has been pointed out, I think we will see Facebook usage decline in the first world as the existing user base ages out and young people migrate to other platforms. Facebook's growth and popularity will rest with the developing world.
Duff Beer and Duff Lite.
Facebook has by far the worst corporate governance among big tech companies. Everyone is just competing for Zuckerberg's attention and approval (Microsoft has the best).
1. Facebook
2. Messenger
3. WhatsApp
4. Instagram
The rest of the T10 have "one owner": Snapchat, Skype, TikTok, UC Browser (Alibaba), Youtube, and Twitter.
The top 4 apps are 100% controlled by one person, Mark Zuckerberg.
There is no board or committee that can overrule him. If rumors are true, he cut a deal with the previous White House to avoid regulation, so even government (until recently) couldn't stop him.
There is one, semi-educated, ruthless, unscrupulous person running an unprecedented experiment on billions of under-informed people. He has access to a substantial percentage of all messages sent between people every day.
No one person (even an elected person) should have that much power.
This is an interesting take, but what a weird modifier to add in here. IMO education level is more or less irrelevant here, but if one had to force it into the equation, it seems to me that his Harvard pedigree, even if he didn't graduate, makes your picture of an out-of-touch unelected puppetmaster _more_ sinister.
I included that qualifier only to suggest that Zuckerberg likely didn't have the training in ethical experimentation that many of us got in college.
I tend to agree that a Harvard education makes someone more suspect, but only (in my opinion) if the degree is an MBA. Their undergrads, on average, have always seemed to me to be as sincere and compassionate as any other school's.
You have more faith than I do that this lesson is actually absorbed. And it's leaving aside the fact that the kind of elitist detachment from the masses that underpins your framing is going to be correlated with getting education, not lacking it.
Though again, I don't think any of these effects would be strong enough to be worth mentioning.
- Youtube (Google)
- Skype (Microsoft)
- UC Browser (Alibaba)
- TikTok (Bytedance)
Now all we need is for Amazon to buy Snapchat (or anyone to want Twitter).
> The rest of the T10 have "one owner": Snapchat, Skype, TikTok, UC Browser (Alibaba), Youtube, and Twitter.
I think you mean that each of those apps has a different owner? Or do you actually mean that there is a single entity that owns all of them, e.g. a common investor?
The board is not just same minded good guys club who hangs together, or lapdogs of the CEO. Microsoft has been is surprisingly Teflon-like in diplomatic in relations to foreign governments and public opinions. Part of it is of course Nadella, but another part is the corporate governance that directs Nadella.
Good example is how smoothly they handled Bill Gates scandal. Bill Gates decided to resign from the board for "completely unrelated reasons" after Microsoft's board of directors hired a law firm to investigate a Gates romantic relationship with a Microsoft employee. It shows some gut to just toss away founder and major owner in order to look after the company interest.
For instance, in Q1 2021 to Q2 2022, the monthly active users went from 2.853 billion to 2.895 billion or 1.45% quarter to quarter growth or just under 6% growth annually. And that growth is sustaining with nearly a third of the world population as a monthly active user. If you look at their other stats you'll see they're similarly indicating consistent growth.
https://www.statista.com/statistics/264810/number-of-monthly...
It's a question of quality though, not quantity. Facebook's MAU growth is almost entirely international users from the developing world at this point, who are orders of magnitude less profitable than US users. They will remain an advertising juggernaut forever, but their cultural relevance has passed.
Also, I think what people heavily underestimate with FB and GOOGL is that the majority of their growth is coming from volume, which they are 100% in control of over the short-term.
All they need to do is add another ad to the page, and their revenue goes up. The problem is that, over the long-term, this results in less and less product. With the targeting changes, with the valuable US/young userbase shrinking rapidly (amongst young people, Facebook isn't even in the top five social networks), it is very clear that management are turning all the dials they can now but this can only end one way (I also suspect a lot of the "international growth" is not real).
> Facebook will experience its slowest (US) growth ever in 2021 at just 0.8%. [0]
That's with a ~61% penetration in US internet users. Instagram still has pretty impressive US user growth
> This statistic shows the projected Instagram user growth in the United States from 2018 to 2023. In 2020, the social network's user figures grew by 6.2 percent compared to the previous year. In 2021, the development is estimated to slow to a 3.7 percent annual growth rate. [1]
The fact that revenue per user is much higher in the US and Canada ($53.56 per user) than Europe ($16.87) and much less in Asia ($4.05) [2] is an opportunity. They can get aim to bring these numbers up and continue revenue growth. They did exactly that. For instance revenue per user in Europe went from 10.64 to 16.87 from Q1 2020 to Q4 2020.
I couldn't find a single statistic that would even suggest that Facebook's growth is in trouble in the foreseeable future.
This points to a bigger issue with modern journalism. Their goal is to feed subscribers what they want to read. And their subscriber base is skeptical of facebook and wants to read about how their downfall is just around the corner. They've been doing this for years. But they don't bother to do basic sanity checks on their claims. You can hate Facebook all you want, but don't delude yourself in the process.
[0] https://www.businessinsider.com/facebook-will-experience-its...
[1] https://www.statista.com/statistics/426533/instagram-us-user...
[2] https://www.statista.com/statistics/251328/facebooks-average...
https://www.statista.com/statistics/251328/facebooks-average...
I think the worry is legit. TikTok is the young app. I can't see how Facebook could compete organically with it at its current scale. Maybe asking US government to ban it outright would be their most practical way to win the battle, but not the war.
2016 -> 2017: +62%
2017 -> 2018: +23%
2018 -> 2019: -4%
2019 -> 2020: +36%
There are many Facebook Groups with thriving communities of good people helping one another. These communities are Facebook exclusive and stronger than ever.
Facebook Marketplace is also the safest place for me to buy second hand goods. I never turn to Craigslist anymore.
Messenger and WhatsApp are still reliable ways to group message.
Let's not forget Facebook includes IG which while TikTok is taking its marketshare of engagement, many users still have both and IG is not just "for old people". It's still heavily used by our youth.
I use messenger.com or the app regularly as it's how large group of friends talk (sigh). I haven't personally viewed main FB UI in a few years now.
Plus, deactivating an account still leaves you the option of reactivating, and I didn't want to do that in a moment of information-starved weakness, so they must still have your data.
Of course, you then have to trust that they actually do delete your data when you delete your account.
But it's still worthwhile deleting your account, as it reduces your overall visibility to their all-seeing eye.
Technology users who don't make up core users self-assured that their noble refrainment reflects broader sentiment.
I also think WhatsApp could potentially not fall into this decline. It's an edge-case, which means Facebook has enough ways to spin it.
Anyone who uses facebook or an iWatch or any of this garbage has all the information they need. They choose to be a victim. Its a cultural problem not a Zuckerburg problem.
Did they choose to have decades of behavioral and psychological research weaponized against them in order to lash them to these systems? Did they all choose for their friends and family and huge swaths of their social life and day-to-day communications to be subsumed?
So yes, I'd argue that they did choose that. Their complacency is their consent.
>“Congresswoman, My daughters are five and three and they do not use our products. Actually that is not exactly true my eldest daughter, Max, I let use Messenger Kids sometimes to message her cousins,” said Mr Zuckerberg.
Although doing my best to get as many people as possible to use signal.
As a result, there are discussions about fines which can reach up to 55 million € and even a complete ban (https://www.br.de/nachrichten/netzwelt/telegram-droht-aerger...).
According to whom? Hacker news doomsday predictors? They have literally over a billion MAUs right? Just because the demographic skews older doesn't make those users less valid.
I wonder how accurate that number is though. FB is not really known for providing accurate statistics [0].
To clarify, I don't think they are dead and are humungous irrespective of how accurate the numbers are. But considering the history of the company, I don't think any of their metrics/statements can be trusted.
0 - https://www.theverge.com/2018/10/17/17989712/facebook-inaccu...
There are browser plugins to filter out groups, pages and ads from your feed. That removed, it's basically a ghost town, at least for everyone I know that tried. It's become a glorified web portal/forum from the dot com boom at this point, and not a particularly good one at that. Within 5 years FB (the website, not the company) as it is will disappear or become irrelevant.
As an aside, I’m a little uneasy with this statement. We always get reminders of the disconnect between the stock market and reality.
However, I lived in the HN bubble for a few years and came to conclusion that FB is dead. Over a few months last year I realized how active FB is and was shocked to learn that lot of people use FB to form new relationships, sell things and discover new stuff.
I don’t plan to activate my FB account but the view that FB is dead is utter nonsense
Not only have they never seemed in danger for a moment from the outside looking in, but all of the issues and controversy around facebook a decade ago that caused me to quit have been replaced by entirely different concerns every few years, increasingly based on political winds. The content of anti-facebook sentiment has been ephemeral, and the backlash always disorganized.
And above all, nothing has stopped people from at least logging in once a day, checking their messages, checking their groups, organizing events and responding to event invitations, and angrily responding to right/left wing comments from friends-of-friends. People continue to do thie like a chore, even if they get their all day dopamine hits from somewhere else like reddit/twitter, facebook's own instagram, or even the google news feed. Meanwhile, the suburban white-wingers who get their dopamine hits from facebook spend all day generating the content that pisses off the "barely use facebook anymore" people, extending their single or twice-daily visit, and also providing the cultural strife that they're reacting to on reddit/twitter/instagram/google news.
Observing younger people in my family I think there has been a shift in recent years. When I was growing up being able to connect with friends outside of school, etc was a real privilege and something we had not had before services like MSN and MySpace.
These days kids are connected primary via online interactions from what I've seen. The young guys in my family spend hours chatting to friends on XBox while the girls play games like Roblox together and message on apps like TikTok / Snap. They don't need a Facebook because they're already connected through their other online activities. In fact when I've asked them about Facebook they don't even get why it's a thing and have told me flat out that it's a site for old people.
Even among people my age there is no long the desire to share things publicly and instead to connect via private messaging services which as OP suggested isn't going to be as easily monetisable.
1. Craigslist (via Marketplace) 2. meetup.com (via Groups) 3. NextDoor (also via Groups - this is probably a local thing because in Baltimore there is a perception that NextDoor and its userbase are racist) 3. The Yellow Pages (via Pages for Local Businesses)
Maybe it's dead as a social platform for cool young people, but ... if we're thinking of doing work on our house, my wife asks for contractor recommendations on the Facebook groups for our neighborhood and HOA. I bought a bike on Marketplace, I'm constantly driving around to get free / cheap kid stuff my wife found on Marketplace.
My wife and I were never "Facebook people" (we met on Reddit), but now we use it a lot just because it seems like Facebook completely owns the social-local space, for young-/middle-aged adults, especially those with kids.
Literally doesn't matter, it's time to realize that FB, Whatsapp, IG are all the same data bucket. Doesn't matter which you use, which you boycott if you touch any of these you're a FB user and if a single person who knows you IRL uses any of these and allows contacts access you are at least a shadow profile in their system.
Saying that I do believe both FB and IG will be surpassed by other networks within 10 years. The only thing up in the air is if those networks accept FBs offer of not.
Yes. When Trump started claiming he won the 2020 election, I was too afraid to open Facebook.
I'll let Mike explain it better than I ever could.[1]
[1]https://www.techdirt.com/articles/20200531/23325444617/hello...
I used to participate in groups and marketplace but the negative aspects of the platform readily spill over into those corners as well. Icky time-suck.