I'm always suspicious of stats like this. Is it cherry-picked? Does it mean what it sounds like it means? Do young users just delete-n-reinstall apps more often than older users? Is 44% higher than last year...?
All that said, I expect FB (the social media network, not the company) to peak and shrink, at some point. It just seems more like something that exists for a certain period of time.
Imagine a movie set in 2034. Do FB notifications ping the characters' AR lenses?
If you think of long-lived tech companies, they tend to have a very deep moat (oracle, msft, intel) and/or terrific execution ability (amazon, google, foxconn, apple). Facebook hasn't shown execution ability like that yet. Their moat isn't that deep.
> All that said, I expect FB (the social media network, not the company) to peak and shrink, at some point. It just seems more like something that exists for a certain period of time.
Probably true in the US. But FB is still growing overseas.
> Facebook hasn't shown execution ability like that yet. Their moat isn't that deep.
Their moat is pretty deep. They own 4 out of the top 6 social media platforms.
All their properties are growing worldwide (even FB). And the fastest growing platform in the US for young adults is instagram. Guess who owns instagram?
All that said, I expect FB (the social media network, not the company) to peak and shrink, at some point. It just seems more like something that exists for a certain period of time.
Imagine a movie set in 2034. Do FB notifications ping the characters' AR lenses?
If you think of long-lived tech companies, they tend to have a very deep moat (oracle, msft, intel) and/or terrific execution ability (amazon, google, foxconn, apple). Facebook hasn't shown execution ability like that yet. Their moat isn't that deep.