TikTok is a platform with huge growth potential. IG is perceptibly declining. But Facebook has proven itself fairly durable, mostly to people outside tech and media bubbles. It’d be wise to not call it over just yet.
TikTok is a platform with huge growth potential. IG is perceptibly declining. But Facebook has proven itself fairly durable, mostly to people outside tech and media bubbles. It’d be wise to not call it over just yet.
Biggest predictor for Facebook and IG use among my sample of friends is whether they’re married and have families, or in many cases, pets. In my sample, many own homes or property. Not where the growth is, but not worthless from a revenue standpoint.
Which way does the correlation go?
But I would say ‘fairly durable’ is an apt description of an 18 year old service still operating at its scale. Exciting, maybe less than it once was. But fairly durable, certainly.
The underlying thesis behind FB - that people want to connect with people that they know - is eroding.