I’m talking about their new apps. Like Threads, Metaverse…
Facebook, Instagram, and even YouTube only work on momentum. Facebook is clearly running out of steam and lost almost all relevance in the younger (that is, under 50) population. Instagram can still catch a large audience, but the young people already switched to TikTok.
All in all, the old cash cows are slowly drying up and there’s nothing new coming.
Yeah, Zuckerberg wasted a ton of time and money on the Metaverse stuff, but they’re still insanely profitable and they seem to be turning it around. I’m not happy about that because I was hoping they’d fade away to irrelevance, but that doesn’t seem to be the case.
But do they? Meta is absolutely raking in cash, so they’re obviously doing something that users engage with.
What users want and what makes money are often at odds.
I’m talking about their new apps. Like Threads, Metaverse…
Facebook, Instagram, and even YouTube only work on momentum. Facebook is clearly running out of steam and lost almost all relevance in the younger (that is, under 50) population. Instagram can still catch a large audience, but the young people already switched to TikTok.
All in all, the old cash cows are slowly drying up and there’s nothing new coming.
Yeah, Zuckerberg wasted a ton of time and money on the Metaverse stuff, but they’re still insanely profitable and they seem to be turning it around. I’m not happy about that because I was hoping they’d fade away to irrelevance, but that doesn’t seem to be the case.