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Hifivesalute t1_itxrved wrote

Reply to comment by MidnightMoon1331 in Facebook owner Meta sales continue to fall by umberto_pagano

I don't know.... iffy one.

On one hand I get it. Facebook sucks now and is nothing compared to what it started out as. It has become a hyper targeted ad centered news aggregate for most people instead of the social connector it once was. It will likely fail in the end due to this and honestly it should because something better could and should exist by now.

But on the flipside the worse things get for Meta the more I worry they will begin using more and more of the (now historical for almost two decades for some accounts) data they have to open new revenue streams. That really scares me.

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vix86 t1_ityecpi wrote

> I worry they will begin using more and more of the (now historical for almost two decades for some accounts) data they have to open new revenue streams

That data ain't worth jackshit. If it actually was, Facebook would have tapped into it long ago when they were more directly beefing with Google.

Plus, the older data gets, the less useful it is. No advertiser cares what 21 year old, Joe, was into now that he's in his 30s and only occasionally posts baby pictures.

As it stands, Google has shown that knowing consumer habits always trumps what you are writing on your Feed/Wall.

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Redd575 t1_ity7fj4 wrote

They haven't been keeping on that profitable without already selling our data. Remember Cambridge Analytica?

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appleflaxen t1_itxxw9m wrote

The value of having Facebook gone is worth 100x the data that might be lost.

If it's important: export it

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Nazamroth t1_ityb37l wrote

He said use, not delete. Losing your knife is bad. Finding it in your gut is worse.

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255001434 t1_itz0hnw wrote

Facebook has always maximized what they can use people's data for. If it was worth something, they already squeezed the value out of it and as others have pointed out, old data isn't valuable.

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techleopard t1_ityeh9k wrote

I think people also forget that Facebook is still a major social hub and it does fill a niche, even if many of Meta's revenue streams are down.

Sure, there's other social networks out there, but many of them are geared towards younger audiences and, if we're being honest, are more about feeding into extremely low attention spans and entertainment drive, like Tiktok and Snapchat. Some do not work well on anything but a mobile device, if at all, while others, like MeWe, simply don't have the infrastructure in place to create big networks of people.

As an example: As much as I love Reddit and traditional forums, Facebook remains the absolute best method to participate in special interest discussions, especially in a way that would be relevant for you. For example, if I wanted to ask someone to evaluate my dog for an upcoming show, the only place I can get near-instantaneous feedback from other breeders that are local to me and familiar with the specific show circuits I'd be attending is on Facebook.

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DirkDiggler_Chiraq t1_ityfzn9 wrote

Social spaces only work if people inhabit them. You just explained that its user base is literally dying. FB may be fantastic for dog breeder feedback but it’s not a growing social network and has not been for sometime.

I’m not sure if its current evaluation supports its apparent utility of sucking blood from an ever shrinking stone.

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techleopard t1_itzf6ty wrote

Nothing I stated suggested it's dying. You're just angry about it and will literally say anything in support of the site shutting down. Please, quote the part of my post that is evidence of it dying and explain why you feel that way.

I could say, "The moon is in a stable orbit" and you are like, "See!? It's going to explode!" and everyone claps like a bunch of red caps at a Trump rally because you just keep repeating what they want to hear.

I'm not denying the company's business practices are tricky, but y'all act like Facebook isn't still the biggest social network there is.

If you want FB to die, you have to have a network that does it's job better that will drain it's userbase. I'm sorry, but none of the existing networks hold a candle to FB's userbase and you won't force people into the other networks just by making Facebook inaccessible because they don't have the infrastructure in place to do what they need.

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DirkDiggler_Chiraq t1_itzlfxd wrote

…uh sure lol

> Sure, there's other social networks out there, but many of them are geared towards younger audiences and, if we're being honest, are more about feeding into extremely low attention spans and entertainment drive, like Tiktok and Snapchat. Some do not work well on anything but a mobile device, if at all, while others, like MeWe, simply don't have the infrastructure in place to create big networks of people.

Right, and those social networks are populated by young people. Facebook isn’t. Young people don’t like FB and find it to be something for dog show enthusiasts. The user base is dying. This is well known and widely reported.

https://www.cnbc.com/amp/2022/09/30/facebook-scrambles-to-escape-death-spiral-as-users-flee-sales-drop.html

https://www.digitalinformationworld.com/2022/06/facebook-set-to-lose-14-million-users.html?m=1

https://fortune.com/2021/10/25/facebook-teens-usage-harm-studies/amp/

https://techcrunch.com/2022/08/11/teens-abandoned-facebook-pew-study/amp/

> You're just angry about it and will literally say anything in support of the site shutting down.

You seem weird af.

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techleopard t1_itzxp7g wrote

You're funny if you think a platform designed for a younger audience means that another platform is automatically dying. Young people DO still use Facebook, whether you want to admit it or not. They're using both. Fact is, those other platforms hold a fraction of users.

You're talking about billions of users. Facebook losing 14 million preteens to Tiktok is not signaling the death of the website. FB has nearly 3 billion active users, with 1.7 billion daily active users -- other networks are less than a few hundred million. Would you like me to draw you a picture of the difference that makes?

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