The only thing I disagree with is that Facebook does make big profits from its ads, in fact it does a tough competition to google and amazon... the rest of your arguments seem correct to me... facebook doesn't feel like the home that it was before... it feels more like a newspaper, full of ads, debates, news and toxic people
> Advertisers that are small to medium size businesses don't get a return from spending their money there, so they have left too.
No, this is not true. Not only has Facebook done well in Q2, performance was unaffected by the boycott of large advertisers because of revenue from small businesses.
True. But then they should speak with humility and uncertainty, not proclaim their wrong ideas with confidence.
> if someone is wrong about something, they deserve to know the reasons
No, it's not our job to educate people. Least of all, people who are ignorant but purport to be knowledgeable. These are the most resistant to any kind of learning.
A decade ago you could have everyone on it for their entire lunchbreaks, deep-stalking their mates. But nowadays people are not engaged with it compulsively.
Younger people don't use it because their parents are on it.
Content isn't made by people for Facebook because it won't show in their friends feeds.
Advertisers that are small to medium size businesses don't get a return from spending their money there, so they have left too.
Before Facebook there was the printed telephone book and the Yellow Pages. People and businesses had to be in the phone books because someone might want to contact them that way. But the Internet and email came along. Facebook is a bit like that, people are there but no more engaged than they are with a printed telephone book.
Facebook bought WhatsApp and Instagram to keep the same eyeballs. Because of that Facebook are successful.
But TikTok is the new, cool app in town. 80 million users in the US apparently, not all of them teenage girls.