I am excited to see Rust gaining popularity and becoming a first-class language at Meta.
As it should.
Beyond that though. How relevant even is Meta anymore? They are a dying company aren’t they? Facebook hasn’t been relevant in ages. Instagram is losing footing too.
Only way I can see them maintaining relevance is if one or more of the following happens:
- They turn out to be right in their bet on VR and Metaverse. Personally I doubt it, and I think VR and Metaverse is closer akin to a hellscape than much else. Or,
- TikTok is banned like some media is talking about happening. Then people might flock to Instagram. Or,
- They aquire another up and coming social network. Maybe they will buy BeReal?
The Facebook app itself is massive, it's the most used classifieds, basically replacing craigslist, still used for many groups and many local businesses use it solely, their ad business is still raking it in. Event coordination and connections are maintained on FB since most everyone has it.
Instagram isn't dying either, it's very popular for both advertisers and influencers, TikTok stole some but they are really two different services, one static images one short videos with some overlap to compete.
Your social circle may not use those apps but A LOT of people do.
I don't use any social media because I'm not social, but I have to use FB to see community updates, to coordinate with groups, to sell/buy things, to lookup businesses without websites, etc. I don't see TikTok or others having that moat or even attempting to dig it.
Facebook has the businesses, the users, and the developers. In no way are they dying.
People's habits have been switching to use videos (the bubbles) as they disappear. They are using it like SnapChat. It's not the algo that changed.
Your feed is just what your followers have recently posted. When you go to a profile the bubbles (videos) are at the top and the images / perm videos are in their gallery.
But the main thing that effects your app experience is who you follow, what they post, and how you browse. Personally I've always gone straight to the profiles and view from there, but I view IG more as a photo gallery than anything else.
Surely, it could be both: the algorithm changes people’s habits and people change their posting habits based on the activity they think the algorithm is rewarding?
The consumer notices changes of their friends, who is posting what.
The creator notices changes in their impressions, how many is viewing what.
I haven't read any recent earnings statement, but curious how bad Apple's new privacy policies were for FB.
Regardless of the expected loss, that overall increase and total billions in profit is not "dying" by any means.
The lies and the media reports of the so called death of the fastest company to reach $1 trillion dollars in the 21st century has been greatly exaggerated. Especially with having platforms with 1 billion+ users each.
Meta has plenty of cash and revenues to sail though this decade. And no. Your social circles and anecdotes is not evidence.
This is hopefully the beginning of the end for them.
Edgelord devs are a weird group.
Growth isn't everything, and Meta isn't dying anymore than MS is.