Meta (Facebook), the beginning of the end?
How would it feel to lose 30 billion dollars? That's what I would ask Mr. Mark Zuckerberg, until recently a member of the top 10 of the world's billionaires club.
This loss is no small thing, it represents the worst fall in the history of Wall Street, never before has any company had such an overwhelming loss as the one registered by Meta (formerly Facebook), a blow that seems to be a determining factor in the existence of this company.
Let's see, it all started with Apple's new data policy, which gives the option to users of the bitten apple to accept or not the security standards of the apps, so the vast majority of Applefans in the world immediately choose "No" to the possibility that Mr. Zuckerberg continues to use our data to resell them to the highest bidder.
This has been very noticeable in Meta, the bet on Mr. Mark's metaverse, which due to its centralized character generates more rejection than attraction in the public. Likewise, the fame of the "F" has not been removed and both experts and developers want no place if name to this empire of evil built by the man who knows too much about us.
On the other hand, TikTok is destroying Instagram, taking advertising revenue away from the Meta empire, which although it owns WhatsApp, this app does not generate significant revenue for the conglomerate. Everything seems to indicate that Meta/Facebook will be the great victim of Web3, and if the rest do not adapt they will run the risk of suffering the same losses that the companies of "the snoopy" Zuckerberg are offering now.
Will we be seeing the fall of the first social networking empire or is it just a bump in the road, what do you think?
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Facebook/Meta may be the first social networking empire to fall, but there were others that came before it.
I look forward to the day when we talk about Facebook in the same terms we now use for Friendster and MySpace.
It was a good idea, but got greedy and went from being a place to keep up with distant friends to a massive commercialised data harvester. Facebook is an arch-centraliser, and the Metaverse will be a far better place without it.
You are right, other social networks preceded Facebook but never became a true global empire like the big "F". On the other hand, it is terrifying to think what Meta could do with our minds beyond the data in a Metaverse, I think many of us are already realizing how dangerous it can be to let these people penetrate our minds that way. Greetings and thank you very much for commenting and supporting me.
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Oh!!!, what a forceful friend hahaha
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Just wait to the perfect storm of competition and privacy lawsuits hits them.
They, and Google, run a fundamentally immoral business model and are engaged in criminal cartel behaviour all over the place.
They really don't do anything themselves, they just monetise other people's hard work.
It was one thing in the old days when middlemen actually worked for a living and there was lots of options and competition between them. These oligopolistic centralised electronic middlemen who make massive monopoly profits on the back of other people's work are ripe for replacement by decentralised, public databases with lots of competition on the front end (just like we see on Hive).
That is very true, that type of platform or business models on the web of centralized type can no longer be considered unique and indestructible, although there is no need to be ingenious other central empires are taking advantage of this fall of Facebook to become even stronger (Google / Alphabet and Amazon at the head). The world of social networks is becoming more and more decentralized, Hive is a sample of what can be done from that aspect, the global reach of unemployment (a real "pandemic") has made Web3 more than a novelty, a necessity in view of the possibility of generating income directly and without intermediaries or giving away our data. It seems that a meteorite is falling and threatens to disappear the old dinosaurs of Web2.
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