Facebook, like a number of the FANGs, was overvalued. Its user base was getting older in a content industry that values youth above all else. Its future viability depends on its ability to snap up next generational social media apps that appeal to younger users. And then there’s Twiitter, a company with no serious business plan, whose survival in no small part depends on President Trump.
Twitter had a lighter hiccup than Facebook. Netflix’s more recent hiccup falls somewhere in the middle. But they’re all warning signs.
Facebook continues to exist because the sheer size of its user base makes it convenient to keep in touch with people. Twitter exists largely because it’s an influence battleground. Neither company has much of a viable future.
And never did.
The Trump economy is bringing back manufacturing. It’s rewarding people who actually do things. Facebook and Twitter are holdovers from an Obama economy in which artificial curation mattered more than content and artificial worth was based on hope, not reality.
Facebook, Netflix and Twitter are having user growth issues. The future they thought was inevitable is starting to pass them by as a new future is born.
Leave a Reply