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Comment by littlestymaar | Hacker News Reader

Because Facebook is now a social network used mostly by people from 40 to 70. They aren't trendy anymore, and most of the Facebook-related press headlines in the past 5 years have been about privacy or advertisement scandals. They are in desperate need for some good PR if they want to restore their brand name.

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You could replace Facebook with 'Windows' in your statement and it would be why everyone was sure MS was dead.

Microsoft is not betting billions with hololens on it's core windows desktop userbase.

Maybe Facebook needs to find a company like Skype to buy for $8.5B

They did so with Instagram and Whatsapp and those are arguably their most successful product today.

I'm not sure what good acquisitions by FB has to do with this conversation. The point was MS wasted billions of dollars.

A decade ago, but they spent it on something that overlaps with their userbase, which was the point about hololens and comparing to FB.

So what you're saying is that 2041 is The Year of Mastodon Social Network?

This. and also, they’ve run out of countries to grow users from.

All the 3rd world countries now have internet and smartphones, there is no billions of unconnected people remaining who Facebook can give free internet access to.

The only way for them is downwards unless they radically change things. The metaverse is kinda a hail mary

Except everyone young still uses Instagram

For now.

They've been bleeding young people to Tiktok fairly heavily; it's in all their internal reports.

More Gen Z use TikTok than Instagram, and it's shifting even more that way.

People with money in other words, they seem to be missing point on monetising it then, maybe one day AI will be able to simply say it’s stupid and something completely different should be done.

You say that it like it's a bad thing. It's relatively easy to become the latest fad among the teenagers. It's hard to become a sticky product loved by all the people who have disposable incomes. The people with disposable incomes are the 40 to 70 year olds.

Facebook being a social network mostly used by 40 to 70 somethings is a big credit to them, not a negative.

thats not how FB makes money. They make money from ads and the younger demographic is where the most ad spend is done today. Not saying they can't make money, but it just not what most advertisers want.

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