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Facebook’s Problems (daringfireball.net)

submitted 2 years ago by jokeyrhyme@lemmy.ml to c/technology@lemmy.ml

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“The age problem”: Young people aren’t using Facebook at all and are using Instagram less, but the success of both platforms as advertising revenue bonanzas is predicated on usage by the youth demographic.

“The innovation problem”: Facebook hasn’t invented a new hit since the blue app itself and its other successes were all acquired.

“The metaverse problem”: They’re betting the company on AR/VR, but it remains to be seen whether that’s going to be a big thing.

“The antitrust problem”: No summary necessary.

I really hope Meta/Facebook/Zuckerberg runs out of money and goes away forever

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[–] alatheus@lemmy.perthchat.org 5 points 2 years ago

Facebook has one problem and it's called TikTok.