Don’t threaten me with a good time, Mark.
Mark Zuckerberg Says For-Profit Social Media Is Over
ftfy
Exactly this. “We have maxed out the amount of money we can extract from people and have reached diminishing returns on profitability.”
Why can’t anyone just create a billion dollar company that makes something people like and then be happy they can consistently earn $200m per year? Maybe ask the people what kinds of features they want and improve the service to increase the value to users once you need something for your staff to do when the product is complete.
Large corporations buy up disruptive companies like that
Love that “disruptive” is a valid term for companies like that.
Because modest returns don’t attract investment, so whoever set it up would have to fund the startup out of pocket and never go public or sell the company off. Not quite impossible, but very unlikely (unless the world changes and investors start getting more sensible about profits).
Yeah, if I was Zuck, I would’ve left it more or less as it was in the 2010s, and then moved on to making adjunct services to create a Google/Yahoo-like ecosystem. Oh, and open the API so interesting services could be built on it. Instead, they maximized profitability and bought their way to an ecosystem.
Twitter was a prime example of that. They started out with something so simple and people loved it. Then they started adding all of these features and I’m really not sure it was worth taking on huge amounts of VC funding to bloat it out to the point of enshittification.
Yeah, if it’s working, put it on maintenance mode and move on to the next project.
He should know, he’s the one that put a shotgun in its mouth over a decade ago.
An opinion from the guy who thinks the metaverse is a viable product? Yeah I’ll pass
He should know, he fucking killed it
It’s shitty ass hats like zuck that makes me appreciate Lemmy even more. Its the right amount of social media for me.
Hahaha, not a fast learner… Own it bro, FB is over…
Clearly the solution is to spread more conspiracy theories. People are obviously leaving due to the lack of conspiracy theories.
“Social media is dead, and we killed it.”
Killed it, as in they were awesome and won, or as in unalived. The quote by itself could mean either.
“How shall we comfort ourselves, the murderers of all murderers? What was holiest and mightiest of all that the world has yet owned has bled to death under our knives: who will wipe this blood off us? What water is there for us to clean ourselves? What festivals of atonement, what sacred games shall we have to invent? Is not the greatness of this deed too great for us?”
Centralized for profit social media should be over.
It’s such an easy fix too. Create a separate wall that only contains your friends’ OC (not reshared garbage).
It’s about 3 posts per day for someone with 200 friends, but I’d take it.
So… original, unshittified Facebook?
I wonder if a fediverse version of that would resonate with any of my friends and family. Seems like we are where we started with forums, just strangers respectfully taking about their common interests. Social media is indeed dead.
I’m amazed that’s not what FB still is. I apparently bailed before the worst of it because I don’t recall seeing random people’s posts on my feed.
Last time I logged into Facebook I noticed a lot of the recommends included feeds of attractive women. I mean, I like women with gyatts, butt clearly their algos have been fine tuned on what kind of content they serve: sexual content and alt-right garbage
I miss the good old days when it was just updates from friends.
You actually can nearly do that. Facebook inexplicably showed me how a few weeks ago. If a friend reshares something, you’ll see it, but it removes all groups, etc. It was stunning how little content actually comes from friends.
On the Facebook site (I’m sure it can be done via app, too, but I didn’t look), click on the menu near the top right, then click Feeds (under Social). Then click on Friends on the left.
Wow, is does. Thanks for that
Too late for that. We have TikTok now. Everyone needs a new dopamine hit every 3 seconds and god forbid you run out of new things in your feed.
The era of social media IS over. Even if you make a good one.
check out the Fediverse…
I’m here. Ain’t no billions of people rushing to join us.
Not necessarily a bad thing.
Agree. Lemmy doesn’t need to have as many users as other platforms to be good.
If ppl can’t understand what’s so good about Lemmy then they are just suckers who deserve to be taken advantage of by corporations.
Did zuck say anything relevant to the market in the past 10+years?
It’s a provocation but I’m also kinda curious, with the level of information and consulting he has access to he must be choosing the topics he is relevant about?
Well I say Mark Zuckerberg is over.
Has been over for a while. Unless you call ads social media. It’s all ads.
Right. They got greedy and made it more shitty for profit. Users left and now its one of these free weekly papers with ads and classified ads. Now they are considering filling the gap of missing user content with AI so it will be a circular system without humans at one point.
Thought this was a press release thing… Like: Social media is dead… Now it’s “Meta-media” dabs as crowd collectively faints
