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The Fate of Facebook

  • Web Diva
    Leader
    September 29, 2022 6:05 PM CDT

    Facebook has been a very prominent social website in most of our lives, good and bad. This year, they have even changed their name in the face of many lawsuits, to rebrand their Facebook name with the new name of Meta.

    The founder of the company formerly known as Facebook, Zuckerberg has seen his net worth plummet by nearly $71 billion this year, according to calculations by Bloomberg. Zuckerberg, now 38, has slipped from No. 3 on the Forbes billionaires list last year to No. 22 today.

    Stocks have fallen this year to Facebooks demise, losing 60% of their value. Do you think FB/Meta will be able to continue being one of the most dominant social websites, or will there be another website to compete with FB at some point?

    Mark Zuckerberg's net worth has dropped $71 Billion this year.

  • Web Diva
    Leader
    October 25, 2023 12:56 PM CDT
    Facebook is in trouble again with another lawsuit by 42 attorney generals of the United States. https://www.cnbc.com/2023/10/24/bipartisan-group-of-ags-sue-meta-for-addictive-features.html A bipartisan group of 42 attorneys general is suing Meta,alleging that features on its Facebook and Instagram social media platforms are addictive and are aimed at kids and teens, the group announced Tuesday. The support from so many state attorneys general of different political backgrounds indicates a significant legal challenge to Meta’s business. Is anyone surprised at all? Here's the thing that I still don't get....there are thousands of great niche websites that accomplish so much more than facebook ever could. What I mean by that is niche websites are a smaller group of people that enjoy talking about a main topic, however, you can still talk about anything you want. You don't have to worry about moderators and admins getting into your private stuff, you don't have to worry about over moderation, you don't have to worry about blaring advertising.....the AI stuff, and algorithms that steer you to different content. I could go on and on...but there isn't anything that replaces the classic message board environment in the right setting for thoughtful discussions, a community vibe where members care about each other and the conversation is steered by members in the most organic way.
  • Techi Jedi
    October 30, 2023 9:12 AM CDT
    What's more concerning about this is government going after a business because people are so used to using it. Well, chocolate is addictive, sugar, fast food (especially those fries :P ) , etc. What's next? I am not fond of FB, I use it only to catch up on friends/family and sometimes to post for getting some traffic to my sites. Anything can be addictive.

    I agree about niche sites. I hope they will become more popular. Then again, if they do, will we have to fear the govt stepping in and suing?
  • Web Diva
    Leader
    October 30, 2023 8:12 PM CDT
    I get what you are saying, @Techi Jedi, same for me on FB. I wish friends "happy birthday" that is if I catch it. Most of my friends use FB as their announcement medium rather then the use of personal text messages if there was something new in their lives. If I want to find out anything, it will be on FB. Chocolate sounds good right now. I agree with your caveat, that niche websites stay off of the radar of governments. Niche websites are the best kept secret and hopefully people will find their way back to a positive experience in some awesome niche websites with their cup of coffee or tea in hand and settle in for some good reading and conversation with friends.