My take away from this is amazed they have had increased daily user activity for 18 years, that alone (whatever you think of FB) is pretty amazing from a business perspective. Which is probably why this is an eventful news worthy note.
I'm now wondering if such a blip could snowball via the markets and see a tech crash at some level and a sign of that will be how this news from Facebook plays out upon the other social media outlets. Will TikTok, Twitter and in-part via YT, google, also see a dent in share prices based upon this! Maybe, given how much of the market is based upon perception and momentum. Though that is just my thoughts upon this and certainly I'm not burried into the markets knowing every nuance and sign.
[EDIT ADD] I somehow missed this poignant aspect in the article "Shares in other social media platforms, including Twitter, Snap and Pinterest, also fell sharply in extended trading." So does somewhat lean into my thoughts upon how markets operate in some ways. How that holds and if this blip is just a knee-jerk reaction over a period of time is more the indicator in-play here.
I rarely pick stocks, but I took a long position in Twitter, Snap and Pinterest this morning bc, imo, this is definitely an over-reaction.
The time the average person spends on their phone (and social media) has only been increasing year over year. If Facebook's growth is slowing, that's directly at the hands of competitors.
Slight tangent but the balance of interaction and pulling users back of Wordle is brilliant. Users can saturate and over indulge and reach a point of cutting off over maintaining that momentum.
Oh and yes, TikTok seems to of hit a sweet spot(also the best stock bet currently), but if they can pull off 18 years of solid growth in interaction, that will be amazing.
Paradoxically, the stock market itself for many is their social media outlet, which probably seen a longer streak of growth than any social media platform.
Be interesting how HN growth and interaction has tractioned over the years, but then it doesn't matter as this is the Sparta of social media interaction in many ways and I ruddy love it.
I think that’s the consensus because Facebook specifically blamed TikTok on the earnings call. The question is if we should take that statement at face value.
It’s easier to blame competition than to admit that users are growingly apathetic towards your product (sans competition).
Facebook’s falling engagement, in and of itself, is great news for other social media apps.
TikTok’s rising engagement is, in and of itself, bad news for other social media apps.
I don’t think these two pieces of information net out poorly for other social media apps when overall social media usage is rising.
We’ll see in short order. Earnings calls are coming up in the next 7 days.
I'm now wondering if such a blip could snowball via the markets and see a tech crash at some level and a sign of that will be how this news from Facebook plays out upon the other social media outlets. Will TikTok, Twitter and in-part via YT, google, also see a dent in share prices based upon this! Maybe, given how much of the market is based upon perception and momentum. Though that is just my thoughts upon this and certainly I'm not burried into the markets knowing every nuance and sign.
[EDIT ADD] I somehow missed this poignant aspect in the article "Shares in other social media platforms, including Twitter, Snap and Pinterest, also fell sharply in extended trading." So does somewhat lean into my thoughts upon how markets operate in some ways. How that holds and if this blip is just a knee-jerk reaction over a period of time is more the indicator in-play here.