Maybe metrics are beaming and Facebook today is cashing in more money than ever, but anybody with a minimum vision should see Facebook is dead for the upcoming generations. It has become an old folks and 3rd world social network. What are the plans internally? Focus on IG and bet heavily in ARVR? #facebook
Costlier acquisitions are the way to go. They bought Instagram for $1 billion. I don't think that sort of deals are possible anymore. Any new social media that they try to acquire would cost them100+ billion from now on. Although I can't seem to understand how FBs profit margin are increasing yoy. I follow pages on Facebook that have 85m subscribers and some of their posts get a miserly 40k likes. 8 or 9 years ago it used to get 1 million likes with half the amount of subs they have now A lot of people in Africa and Asia use FB but their cost per click is very cheap and FB somehow breaking profit record every year. Magic🪄
Don’t underestimate importance of Africa/Asia and don’t overestimate what used to be called first world
I'm merely comparing their spending power and strength of their currency. Many highly populated countries in Asia and Africa have extremely weak currencies. They cant afford to setup an ad campaign for $1000 a month for sure.
Are you talking about the blue app? This observation was interesting like 10 years ago
It's a question, not an observation
Convert IG to TikTok and show more ads
IG will be their main bread winner for a long time to come in the US. FB is still heavily used in third world countries but I see their use declining in my millennial social circles here in the US. I find LinkedIn much more interesting as a social network these days because I get to see accurate job histories of everyone in my network. Whereas I find that my connections on Facebook don't bother updating their job histories or life info at all. In fact, many of my millennial Facebook connections who used to post daily now only post once in several months, which is a clear sign of a decline in platform engagement. I don't think Oculus will save FB because VR will remain a niche for a long time due to its UX problem and low pixel density problem. I know FB Dating is already a thing but I think it should be pivoted to an international dating site catering to people from developed countries who want to date people in developing countries, like a less sketchy "mail order bride" type dating site, for lack of a better description.
Agree with your thoughts. Although even IG is becoming more useless. No friends on there anymore, mostly just businesses
I'm not a big fan of just looking into photos. I was glad to see Instagram reels hoping I would discover some interesting people and content. But reels sucks. TikTok helps me find atleast 1 amazing content creator everyday.
Do you see FB yoy growth?
India has 1.3 billion ppl. India has 760 million smartphone users. For as long as the latter number is not at least 1 billion, you can hold your Google and Facebook stocks and get rich.
Are they high conversion rate users?
I don't open facebook in general, but after reading this post, surfed it for a while :P
Troll post. What’s next Microsoft is a failure?
Gotta take the magic leap of faith