News for hackers. Stuff that matters.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by chrischen on Monday March 26, 2018 @07:15PM (#16683594)
Yes, Facebook's current network is fairly strong, but you shouldn't look to where the masses currently are, you should look to where the trendsetters, the young, and the people in the know—where they are. These people are ahead of the curve, and the signs they are emitting is that Facebook is not serving their interests and needs. Young people don't want to use facebook because it forces you to interact with everyone, including parents and people out of your circle. Privacy conscious people and many at the forefront of technology all either personally avoid and limit facebook usage or keep their children away from it (if they aren't already disinterested in the first place). Yes Facebook allows you to "fix" these issues with enough configurations, but then why would a new user go through the hassle of all that when they could just install snapchat or instagram (yes I know facebook owns this, but it's not facebook).

So unless there's a fundamental shift in its business model and allure, its trajectory will be doomed. It doesn't mean Facebook the company will fail, but it does mean that the Facebook product—what it is in its current form—has a finite shelf life.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by 734786710934 on Monday March 26, 2018 @07:22PM (#16683635)
Facebook has no serious competition at the moment other than Snapchat. Young people are still using Instagram and Messenger. Ironically, the calls for regulation might actually end up helping Facebook in the end as they will make the barriers to entry higher.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by tilertex on Tuesday March 27, 2018 @04:38AM (#16686465)
There's a reason Mark Zuckerberg himself came out and said he's "actually not sure we shouldn't be regulated" and it's not because he has genuine concerns about his users privacy.

It's because regulation increases the barrier to entry. It means less chance of some college students starting an app that can dethrone Facebook.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by cies on Tuesday March 27, 2018 @07:21AM (#16687215)
> and it's not because he has genuine concerns about his users privacy.

yups. FB users are to FB, what cows are to milk farms. main difference is that FB users are free to go, and cows are in some sort of bonded labour/slavery construction, although it is not commonly called that way.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by gldalmaso on Tuesday March 27, 2018 @07:37AM (#16687316)
At least in Brazil I think there is serious competition in the form of WhatsApp. It allows plenty of the things that FB initially brought to the table in the form of family, friend and work groups where people actually share their personal stuff now, while in FB people just mostly show off some generic things and share news articles in their bubble. I would say WhatsApp right now is a lot more social than FB is. When you meet someone new you ask them for their WhatsApp number, not to add them to FB.

Sure FB owns WhatsApp but I don't think they can leverage it financially nearly as much. If ads start to pop up on WhatsApp people will simply flock to different messengers with similar functionality.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by ascorbic on Tuesday March 27, 2018 @03:57PM (#16692178)
Whether or not a WhatsApp user is more valuable to them than a FB one, there's no way you can call it serious competition if they own it.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by JDWolf on Monday March 26, 2018 @09:17PM (#16684317)
MS LinkedIn seems like a pretty strong competitor to me. Seems like their logo/like buttons/messaging/user experience is converging that direction. Perhaps they will offer Office-Ville or Kanban-Crush-Saga.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by wlesieutre on Monday March 26, 2018 @09:23PM (#16684340)
Contrary opinion, I hate LinkedIn's site and even though I'm connected to some colleagues and industry people on there I avoid using it as much as possible.

Some of this dates back to their repeatedly inventing new excuses to email me that I had to go and unsubscribe from, part is that I can't look at anyone's page without LinkedIn telling them about it, part is their finagling everyone signing up to give access to their Gmail contacts similar to Facebook's harvesting of user info.

I guess they're a competitor, but if they're not as bad as Facebook is it's only because they have less reach.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by mygo on Monday March 26, 2018 @11:54PM (#16685093)
LinkedIn is not a competitor to Facebook. Why? Context. When you go on facebook you’re in a social state of mind. When you go on LinkedIn you’re in a formal / business state of mind. It’s a glorified resume and socially conservative af. That fact alone means that, even if LinkedIn has the same exact user base as facebook, we are not going to use LinkedIn like we do facebook.

Facebook profits off of our attention and engagement. Facebook’s real competition is who or whatever holds our attention. Whoever manages to make us give facebook less of our time. LinkedIn does not really have our attention like facebook does. We set up a profile and leave and maybe get on it when job hunting or when someone writes us a recommendation. There is no “LinkedIn addiction.” But you wanna know what website has been getting even more and more of our attention? Netflix lol. Netflix can take hours out of our day and during those hours we may be so absorbed in the show that we’re not really engaging with facebook. So yeah, Netflix is a bigger competitor to facebook than LinkedIn.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by FullyFunctional on Tuesday March 27, 2018 @01:02AM (#16685400)
So, HN then? (I'm only half-kidding. I have an unhealthy addiction to HN)
Re:Facebook has lost $100B in 10 days and now advertisers ar... by mygo on Tuesday March 27, 2018 @02:12PM (#16691214)
I deleted my facebook and use HN more. So technically yes, at least for me. I wonder how many other people who frequent HN have either done away completely with facebook or give it less attention than a control group
Re:Facebook has lost $100B in 10 days and now advertisers ar... by Roybot on Monday March 26, 2018 @11:12PM (#16684889)
When social media platforms are optimizing for user engagement, it's not surprising that you're seeing the same features. With enough A/B testing they all discover the same thing and end up on the same path. The FB feed has become a bunch of memes/videos, increasing engagement. It won't be surprising once the LinkedIn feed becomes saturated with videos as well. I don't see LinkedIn as a strict competitor to FB. They're both social platforms but different.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by narrator on Tuesday March 27, 2018 @05:56AM (#16686819)
When resentment builds against an entrenched company, and a good alternative comes along, the shift can be pretty rapid. The Quark-X-press to Adobe InDesign exodus was particularly fast.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by gaius on Tuesday March 27, 2018 @12:26AM (#16685234)
Facebook has no serious competition at the moment

The competition is “socialising the pre-Facebook way”

Re:Facebook has lost $100B in 10 days and now advertisers ar... by someoneelse987 on Tuesday March 27, 2018 @02:17AM (#16685771)
To me what changed with Facebook was that the local address book that I had on my phone became a tree in a central graph owned by a company and I was fine giving out that information. Today who could muster up the trust needed for me to let them know about everyone I know? I think no such company exists or ever will.

I have no social internet accounts left except for this one. I even recently deleted my Linkedin account even though that is bad for my career (?). I just don't want to feel raped all the time. I keep getting Linkedin-ish head-hunting emails though but I'm sure that'll clear up in a year or so.

If I'm ever socializing again on the internet, give me something that doesn't rape me in the *. Otherwise I'm fine just socializing IRL.

I hope we are a void and that something new is about to happen.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by robin_reala on Tuesday March 27, 2018 @09:06AM (#16687889)
I’ve never had a LinkedIn account (and have got myself into some sort of internal blacklist) and I’ve never felt disadvantaged career-wise or even been asked if I have an account.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by therein on Tuesday March 27, 2018 @04:59AM (#16686567)
Let me download MSN Messenger. I remember there was a J2ME client for my Nokia 3650.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by znpy on Tuesday March 27, 2018 @06:12AM (#16686893)
I honestly miss MSN Messenger. Fond memories.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by matte_black on Tuesday March 27, 2018 @08:02AM (#16687460)
Maybe even the return of AIM.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by vor0nwe on Tuesday March 27, 2018 @08:35AM (#16687661)
ICQ still exists, doesn’t it?
Re:Facebook has lost $100B in 10 days and now advertisers ar... by jlebrech on Tuesday March 27, 2018 @07:49AM (#16687397)
It would be a good time for microsoft to re-release MSN Messenger.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by benbristow on Tuesday March 27, 2018 @11:47AM (#16689611)
They have. It's called Skype
Re:Facebook has lost $100B in 10 days and now advertisers ar... by jlebrech on Tuesday March 27, 2018 @11:55AM (#16689708)
and it really sucks. just wipe the slate clean with the user base and an msn message relaunch would be very popular.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by billysielu on Tuesday March 27, 2018 @04:39AM (#16686476)
Not socializing so much is also valid.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by chrischen on Monday March 26, 2018 @07:24PM (#16683653)
Instagram is a completely different app, usage, and completely different UI/UX from Facebook.

Facebook's problems are caused by Facebook (website)'s design, trajectory, and business model. It doesn't have anything to do with inherent evilness in the company itself.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by socialist_coder on Monday March 26, 2018 @09:51PM (#16684468)
I'm replying to the dead comment.

The Facebook site is evil and should be destroyed because of 2 reasons, in my opinion.

Firstly, the news feed is solely designed to get you to stay on the site for longer. And what that means is you get an echo chamber. So, idiot people get idiot posts that agree with them. It's not just a problem on one side of the political spectrum, it's a problem for any extreme view. Anti-vaxxers, left wing communists, and right wing fascists all get into their echo chamber and never get out.

Secondly, the advertising platform that Facebook has created is too powerful. It lets you micro-target people in a way that is absolutely perfect for political ads. You find people vulnerable to an emotional message and bombard them with your emotionally responsive ads.

Facebook ads are good for non-political things as well, but in this case, we'll have to throw the baby out with the bathwater I think.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by MarkMc on Tuesday March 27, 2018 @01:39AM (#16685573)
Do we have to throw the baby out with the bathwater? We can have regulation that bans the use personal information for political ads but allows it for toothpaste ads
Re:Facebook has lost $100B in 10 days and now advertisers ar... by socialist_coder on Tuesday March 27, 2018 @10:25AM (#16688670)
I hope so. My concern is that it is hard to define what a political ad is sometimes. For example, if you have an ad that claims that some specific ethnic group gets food stamps more than another, is that a political ad? Because those are the kinds of ads that Russia was buying.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by willvarfar on Tuesday March 27, 2018 @05:24AM (#16686674)
Instagram and Facebook share data; they are two interfaces to the same big pot of profiling data

https://help.instagram.com/833836199971426

Re:Facebook has lost $100B in 10 days and now advertisers ar... by oneeyedpigeon on Tuesday March 27, 2018 @08:37AM (#16687666)
> Ironically, the calls for regulation might actually end up helping Facebook in the end as they will make the barriers to entry higher.

The barrier will only be higher for potential services that want to avoid those regulations. If the market moves in a 'wants more privacy' direction, barrier to entry shouldn't be a problem.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by MarkMc on Tuesday March 27, 2018 @01:34AM (#16685553)
If people were to switch from using Facebook to Instagram, Messenger and WhatsApp it would be hugely destructive to Facebook's market cap.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by pnutjam on Tuesday March 27, 2018 @06:21AM (#16686926)
Check out mewe.com
Re:Facebook has lost $100B in 10 days and now advertisers ar... by wizardforhire on Monday March 26, 2018 @09:38PM (#16684413)
I've been putting off posting this for months because when I write it, it seems grandiose but it's been my life and it's too ridiculous not to share.

I was born in 80 so that dates me. I've worked in music for the last 20 years and I've worked with over 60 bands most of whom are very successful now. However that number is misleading because I've toured with hundreds of bands if you count the openers and headliners over the years. It's stupid really when I look back on it. Once when I was 25 I used my network to start a music festival with no money that's been going on for the last 10 years and has never had less than 50k people attend. Anyways long story short most people don't understand marketing. But when you're touring you're living it. I remember when the words taste maker started getting thrown around. I remember when gorilla marketing became a thing... Because the marketing people would all be coming to our shows and our parties and sponsoring us. All of this to say that

We were early adopters of Friendster, when they killed the bulletin board my friends and I moved to MySpace, when MySpace got over crowded we moved to Facebook, when our families friends got on Facebook we left for Twitter and reddit, the less public of us left Twitter almost immediately but our pr teams stayed, when Obama won in 08 we left reddit. Many of us went to snapchat and we all use Instagram even though we hate it. There was a minor period when we thought google + was going to serve us but that lasted exactly one day.

What we desperately want is a decentralized encrypted locally hosted application that has exactly one killer simple feature. A bulletin board to post events. That's it. A simple way to keep in touch with each other and local ownership of our photos and videos. Sure to reduce bandwidth we'd be fine with our friends or fans hosting encrypted files on their devices but that's as far as they go. Do that, slap an easy to use interface on it, don't have advertising call it something literal like friends torrent or something and we'll never have another Facebook. If you want to monotize it... Give it a market place. But if you take anything from this rant it should be this, your tastemakers aren't faceless nameless statistics they're real people and they're friends with each other. We know who we are and we are and have been paying attention.

Also fuck Facebook freedom isn't free

Re:Facebook has lost $100B in 10 days and now advertisers ar... by reitanqild on Tuesday March 27, 2018 @03:08AM (#16686011)
> What we desperately want is a decentralized encrypted locally hosted application that has exactly one killer simple feature. A bulletin board to post events. That's it. A simple way to keep in touch with each other and local ownership of our photos and videos. Sure to reduce bandwidth we'd be fine with our friends or fans hosting encrypted files on their devices but that's as far as they go. Do that, slap an easy to use interface on it, don't have advertising call it something literal like friends torrent or something and we'll never have another Facebook. If you want to monotize it... Give it a market place.

I guess someone here should accept this challenge.

Is there a way to inform you when someone think they have an acceptable solution?

Re:Facebook has lost $100B in 10 days and now advertisers ar... by firmgently on Tuesday March 27, 2018 @03:29AM (#16686150)
Facebook's popularity is driven by that tic of just wanting to have a quick look to see what friends/family are up to, then getting stuck there because of addiction/manipulative techniques.

I can't see people feeling the same way about a site which is only about events, it's a different impulse... almost like tuning in to an adverts-only station. Nobody is on FB because of bands - although they're happy to find out what bands are up to when they happen to already be on the site (not knocking bands as a thing - the same applies to eg. my art page).

Some might say "it doesn't matter, it doesn't have to be as popular as FB" but at that point then why not just have a website?

Re:Facebook has lost $100B in 10 days and now advertisers ar... by michaelchisari on Monday March 26, 2018 @09:47PM (#16684449)
Do that, slap an easy to use interface on it

What you're asking for is much more difficult than you realize.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by wizardforhire on Monday March 26, 2018 @09:56PM (#16684499)
I know (with lots love)! That's why I haven't built it. It's also why I don't think it has been built yet and why in my frustration this evening I sort of let loose.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by ultimape on Wednesday April 04, 2018 @01:00PM (#16756632)
"But if you take anything from this rant it should be this, your taste makers aren't faceless nameless statistics they're real people and they're friends with each other. We know who we are and we are and have been paying attention."

This is why vendors such as Facebook etc. try so had to get their product to be installed on phones (and in a previous generation, cut deals with PC manufactures to be one of the crap-wares installed in their OS image). If they can't get in thru the front door, they aim for the side door or maintenance entrance.

If I could root my phone, Facebook, Instagram, and Twitter, would be the first things properly removed and not simply "disabled".

Indecently, I'm in the market for a rootable phone with a Samsung Note style digitizer support.

The infection runs deep.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by brandmeyer on Monday March 26, 2018 @10:08PM (#16684567)
> What we desperately want is a decentralized encrypted locally hosted application ... we'd be fine with our friends or fans hosting encrypted files on their devices but that's as far as they go.

What exactly are you trying to get out of encryption in this MinimalBook application of yours?

Re:Facebook has lost $100B in 10 days and now advertisers ar... by wizardforhire on Monday March 26, 2018 @10:30PM (#16684672)
Privacy, security, rights Managment. Not quite State level but close (because does that even exist?). It's celebrities that travel nearly most days of the years. Every place that's always in the news for something terrible is probably a destination at somepoint. Also stalkers, extortionists, kidnappers, they're very real. Also and I would think probably more pertinent is that given current events, for something decentralized to take off and for content to be shared semi-locally amongst a partially trusted network it would have to be encrypted with some pretty large keys for it to pass the muster of the initial user base. A lot of these people had their nudes stolen from iCloud for instance. Granted a lot of that was fishing but still if it's going to be adopted people want encryption. It'd probably be smart to put in really big language at the time of install a general introduction to best security practices... And if you really want to be compassionate to the users and little notifier whose nuisance level could be dialed down that periodically reminds them.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by brandmeyer on Tuesday March 27, 2018 @12:29AM (#16685255)
Here's the thing. Encryption only allows you to protect the channel of information between two parties. Once the other party has the information you shared, they can in turn share it with whomever they wish. You can establish a private network amongst your selected peers.

But you cannot prevent your peers from violating the network's privacy, either purposefully or accidentally. No amount of encryption can do that.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by wizardforhire on Tuesday March 27, 2018 @01:54AM (#16685660)
Right. But I'm thinking torrents and packets distributed to the local network of peers to ease the distributed bandwidth load. Granted a state level actor could potentially collect all data as they do now and have a hell of time trying to piece it all back together. That would take total knowledge of the network and the keys. But for users whom have permission to view the content granted to them through the "friending" process the last thing you want is for them to be able to mine their device or know what's being stored on their device. This would take a fixed install size with a flexible disc space to store popular files, something that would be clearly communicated at the time install of course. Nothing will stop people from pulling triggers other than culture. But making it difficult for the bad actors to do so seems like a good place to start. That and having a paper trail should shit hit the fan.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by reitanqild on Tuesday March 27, 2018 @03:15AM (#16686057)
> But for users whom have permission to view the content granted to them through the "friending" process the last thing you want is for them to be able to mine their device or know what's being stored on their device.

I assume them is a reference to state level actor? At least to me it is not immediately obvious and I think I misread it the first time.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by loup-vaillant on Tuesday March 27, 2018 @04:21AM (#16686405)
Looks like wizardforhire was talking about something like distributed encrypted backups. The simple version is, others store your stuff for you (and you store theirs), but they can't read it, because only you have the key.

Add to that a way to authorise people to decrypt your stuff (and, ideally, ways to revoke those rights), and you get the the whole thing.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by wizardforhire on Tuesday March 27, 2018 @01:31PM (#16690817)
This is exactly what I was attempting to convey.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by reitanqild on Wednesday March 28, 2018 @01:51PM (#16700032)
Distributed backup already exists and can possibly work.

But IIReadC you wanted to cache media on peers devices to allow them to see/listen to it.

That cannot work unless you trust your friends completely (or keep your friends under constant surveillance, and hardly even then) as once they see it on their screen they can photograph or record your media, if necessary using an external device (e.g. a camera) and store it or share it.

Also, once your friends has access to it that makes your friends a target for bad actors that might want to trick or coerce your friends into sharing.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by brandmeyer on Tuesday March 27, 2018 @11:29AM (#16689430)
> But for users whom have permission to view the content granted to them through the "friending" process the last thing you want is for them to be able to mine their device or know what's being stored on their device.

This is just another form of digital restrictions management (aka DRM). I think you'll find that most of the engineers that are opposed in principle to the gov-tech surveillance complex are also opposed in principle to DRM.

It is at least possible to build an open-source distributed social networking application that gives you most of the features you described, and in particular, will make it impractical to vacuum up whole social network graphs.

But at some point, ordinary netizens are going to have to learn some basic information theory. Just as commando clubbing is going to lead to some paparazzi getting vagina pics, nude selfies are going to get out beyond your ability to control.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by wizardforhire on Tuesday March 27, 2018 @01:42PM (#16690938)
Fair enough. I hate drm also.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by tomcam on Tuesday March 27, 2018 @03:53AM (#16686275)
>It's celebrities that travel nearly most days of the years. Every place that's always in the news for something terrible is probably a destination at somepoint.

Given that market, why not charge for MinimalBook as a premium experience instead of postulating an ill-defined “marketplace”?

Re:Facebook has lost $100B in 10 days and now advertisers ar... by sriku on Tuesday March 27, 2018 @04:15AM (#16686371)
Secure Scuttlebutt (Patchwork application), I think, has its heart in the right place.

http://scuttlebot.io/

Re:Facebook has lost $100B in 10 days and now advertisers ar... by chestervonwinch on Monday March 26, 2018 @10:34PM (#16684690)
Have you looked at secure scuttlebutt with patchwork?
Re:Facebook has lost $100B in 10 days and now advertisers ar... by EGreg on Monday March 26, 2018 @11:12PM (#16684891)
Sounds like you want the Qbix Platform

https://m.youtube.com/watch?v=pZ1O_gmPneI

Re:Facebook has lost $100B in 10 days and now advertisers ar... by jdeisenberg on Tuesday March 27, 2018 @12:04AM (#16685131)
Alas, the web site (https://qbix.com/people) appears not to work on Firefox Developer Edition 60.0: “Unable to init adapter. App config is not defined.”
Re:Facebook has lost $100B in 10 days and now advertisers ar... by flukus on Tuesday March 27, 2018 @03:16AM (#16686064)
> What we desperately want is a decentralized encrypted locally hosted application that has exactly one killer simple feature. A bulletin board to post events. That's it. A simple way to keep in touch with each other and local ownership of our photos and videos.

Can't you do this with a mailing list? That handles the notification. A big standard website can do the rest like hosting photos.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by goocy on Tuesday March 27, 2018 @04:29AM (#16686427)
Have you looked into ZeroNet? https://zeronet.io/

Seems to do what you need.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by bad_good_guy on Monday March 26, 2018 @07:18PM (#16683612)
Those people are on Instagram and WhatsApp...
Re:Facebook has lost $100B in 10 days and now advertisers ar... by chrischen on Monday March 26, 2018 @07:25PM (#16683663)
> "(yes I know facebook owns this, but it's not facebook)"
Re:Facebook has lost $100B in 10 days and now advertisers ar... by DonaldFoss on Tuesday March 27, 2018 @01:21PM (#16690722)
Don't discount Warren Buffet's mantra. When people are scared, he buys. When stockholders feel great, he sells. So fear=buy if fundamentals are good, exhuburence = sell and make profit.

--Donald

Re:Facebook has lost $100B in 10 days and now advertisers ar... by fossuser on Monday March 26, 2018 @07:38PM (#16683751)
All young people are on FB, they may additionally be on something else (probably Instagram which is also FB and starving out Snap) - the default remains Facebook.

I'd bet against you. The trajectory is fine and Zuckerberg is a good CEO. They have nearly a third of the earth as users and a ridiculously high percentage of internet users.

Given a long enough time horizon any company is vulnerable, but FB is here to stay for a long while.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by varrock on Monday March 26, 2018 @11:51PM (#16685074)
I've always attributed Facebook's success with older generations to the feeling you get when somebody you're talking to brings up a name you hadn't heard in numerous years, and here's why.

Let's first think about the demographic that has kept Facebook afloat; Baby Boomers and Generation X. When you think about most of these individuals, they graduated high school and college without much there to remind them of individuals they were acquainted with, minus maybe their yearbooks from high school. Sure, most probably wrote or emailed their close friends, but we're talking about those afterthought individuals that they came into contact with under specific circumstances that generated that "acquaintance" classification. Then, all of a sudden, appears Facebook, a platform that allows these individuals to link their name with their school. It's a database at their fingertips with all of their classmates with up-to-date pictures, life stories, and mutual friends to explore. Facebook is that one "person" I referenced earlier; the person that brings up that name you hadn't thought about for years, except now you can actually explore what they are up to, and Facebook continuously reminds people of those afterthought names.

The question is, how long is this effect going to sustain Facebook's competitive advantage? Like people have mentioned, there was Whitepages, now there is Facebook, but what's next?

Re:Facebook has lost $100B in 10 days and now advertisers ar... by Johnny555 on Tuesday March 27, 2018 @03:32AM (#16686168)
All young people are on FB

Are they? My young teenaged (age 13-17) nieces/nephews have no FB presence at all. Their older siblings were on FB all the time at that age and still have FB pages, but are no longer very active - they mainly use FB to comment on their parents and other relatives pages.

While this is purely anecdotal, FB does seem to be losing young users:

https://www.inc.com/zoe-henry/facebook-losing-users-faster-t...

If they are going to Instagram, then FB isn't really losing them, if they are going elsewhere, then it doesn't bode well for FB.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by tenpies on Monday March 26, 2018 @08:49PM (#16684175)
With time, Facebook is becoming the white pages[1]. Sure, people have profiles there, but just like the white pages, it's entirely passive and something that's there because you forgot to opt out. That publication barely exists now, but there was a time when it was the place to advertise.

---

[1] https://en.wikipedia.org/wiki/Telephone_directory

Re:Facebook has lost $100B in 10 days and now advertisers ar... by brrrrr on Monday March 26, 2018 @08:59PM (#16684223)
Having one third of the earth’s population touch your site at least once won’t matter if you do nothing particularly useful.

Facebook does almost nothing useful. It’s kind irritating to actually try to do anything with the user interface, since everything is slippery funnels.

Whatever isn’t an inductive dark pattern is otherwise emotional blackmail. The options and settings provided to the user don’t make sense, and are all defaulted to the worst choices imaginable.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by Retric on Monday March 26, 2018 @07:42PM (#16683790)
Logging in once a year is meaningless from a network effect standpoint. They might have an account and even use it to talk with grandparents, but without daily use FB has little pull.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by fossuser on Monday March 26, 2018 @07:48PM (#16683815)
They have over two billion monthly active users - not sure the DAU stat, but hundreds of millions would not surprise me.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by MarkMc on Tuesday March 27, 2018 @01:46AM (#16685624)
Not sure why you were downvoted. Their daily user count is 1.4 billion: https://www.statista.com/statistics/346167/facebook-global-d...
Re:Facebook has lost $100B in 10 days and now advertisers ar... by fossuser on Tuesday March 27, 2018 @10:26AM (#16688680)
I think I was downvoted because this has become some sort of tribal identity issue.
Re:Facebook has lost $100B in 10 days and now advertisers ar... by is_true on Monday March 26, 2018 @09:05PM (#16684256)
The young people I know is now on Snapchat or Instagram. Fb is now the place for adult people.

WhatsApp doesn't have this problem. It's hard to monetize with ads but it's a data goldmine.

Re:Facebook has lost $100B in 10 days and now advertisers ar... by rurban on Tuesday March 27, 2018 @06:10AM (#16686883)
Teenagers already abandoned Facebook long time ago and switched over to Instagram. Same company, but less privacy problems for them.