Mark Zuckerberg Says For-Profit Social Media Is Over
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Mark Zuckerberg Says Social Media Is Over
Submitted 2 weeks ago by mesamunefire@lemmy.world to technology@lemmy.world
https://www.newyorker.com/culture/infinite-scroll/mark-zuckerberg-says-social-media-is-over
Comments
crowbar@piefed.social 2 weeks ago
MagicShel@lemmy.zip 2 weeks ago
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.
ibelieveinthehousehippo@lemmy.ca 2 weeks ago
Large corporations buy up disruptive companies like that
nyan@lemmy.cafe 2 weeks ago
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).
sugar_in_your_tea@sh.itjust.works 2 weeks ago
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.
killeronthecorner@lemmy.world 2 weeks ago
An opinion from the guy who thinks the metaverse is a viable product? Yeah I’ll pass
ikidd@lemmy.world 2 weeks ago
auginator@lemmy.world 2 weeks ago
Has been over for a while. Unless you call ads social media. It’s all ads.
el_puercoespin@lemm.ee 2 weeks ago
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.
CarbonatedPastaSauce@lemmy.world 2 weeks ago
He should know, he’s the one that put a shotgun in its mouth over a decade ago.
carl_dungeon@lemmy.world 2 weeks ago
He should know, he fucking killed it
TheBlackLounge@lemm.ee 2 weeks ago
“Social media is dead, and we killed it.”
merdaverse@lemmy.world 2 weeks ago
“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?”
lemmyingly@lemm.ee 2 weeks ago
Killed it, as in they were awesome and won, or as in unalived. The quote by itself could mean either.
ToadOfHypnosis@lemm.ee 2 weeks ago
Centralized for profit social media should be over.
pHr34kY@lemmy.world 2 weeks ago
It’s such an easy fix too. Create a separate wall that only contains your friend’s OC (not reshared garbage).
It’s about 3 posts per day for someone with 200 friends, but I’d take it.
gruvn@lemm.ee 2 weeks ago
So… original, unshittified Facebook?
sugar_in_your_tea@sh.itjust.works 2 weeks ago
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.
boonhet@lemm.ee 2 weeks ago
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.
limelight79@lemm.ee 2 weeks ago
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.
ndupont@lemmy.world 2 weeks ago
Wow, is does. Thanks for that
Etterra@discuss.online 2 weeks ago
So you going to shut down Facebook right Mark? Right Mark?
technocrit@lemmy.dbzer0.com 2 weeks ago
I would probably think that too if I ran Facebook.
futatorius@lemm.ee 2 weeks ago
So he’s trying to rename it to avoid accountability? Fuck that.
pewgar_seemsimandroid@lemmy.blahaj.zone 2 weeks ago
probably also somehow related to theads being federated
echodot@feddit.uk 2 weeks ago
Yeah I wonder who could possibly be responsible for that… Tis a mystery
libra00@lemmy.world 2 weeks ago
sundray@lemmus.org 2 weeks ago
Over?
Give me your profits, then.
Ilixtze@lemm.ee 2 weeks ago
Washed up trend chaser monopolist wannabe millionaire! Of course your social platforms are over: YOU MADE THEM SHIT!
NigelFrobisher@aussie.zone 2 weeks ago
Good. Social media was only ever the corporate commodified communications platforms.
Eyekaytee@aussie.zone 2 weeks ago
hell yeah! rest in hell
but tbh it’s not, old people love it
Mac@mander.xyz 2 weeks ago
lol you didn’t read the article
Eyekaytee@aussie.zone 2 weeks ago
damnit you got me, i actually did read it afterwards and realised my comment was wrong but then just left it as it has 9 updoots
bender223@lemmy.today 2 weeks ago
It’s shitty ass hats like zuck that makes me appreciate Lemmy even more. Its the right amount of social media for me.
masterspace@lemmy.ca 2 weeks ago
Social media said Mark Zuckerberg was over and sadly I think neither are right.
shaggyb@lemmy.world 2 weeks ago
Well I say Mark Zuckerberg is over.
Zugyuk@lemmy.world 2 weeks ago
Thought this was a press release thing… Like: Social media is dead… Now it’s “Meta-media” dabs as crowd collectively faints
O_R_I_O_N@lemm.ee 2 weeks ago
Bye guys, guess none of us are really here
unphazed@lemmy.world 2 weeks ago
I think, therefore I am.
J52@lemmy.nz 2 weeks ago
Hahaha, not a fast learner… Own it bro, FB is over…
echodot@feddit.uk 2 weeks ago
Clearly the solution is to spread more conspiracy theories. People are obviously leaving due to the lack of conspiracy theories.
Earflap@reddthat.com 2 weeks ago
Oh no! Anyway.
ianfraserkrillmaster@midwest.social 2 weeks ago
“your honor, in my defense my website sucks. like really sucks. like try using it for a good purpose. it is inherently evil.”
Ledericas@lemm.ee 2 weeks ago
After the android downloads all the data on the Internet, like a dalek.
ABetterTomorrow@lemm.ee 2 weeks ago
Has been for a while. If you look at most recent marketing analysis, numbers weren’t like they were peak pandemic and 2016. It was declining since then, you just chilling with bots mostly.
boughtmysoul@lemmy.world 2 weeks ago
Don’t threaten me with a good time, Mark.
Vanth@reddthat.com 2 weeks ago
Yeah. By their design. If they would allow user control over what shows up in their feed, mine would prioritize friends’ content. I’m not the one choosing to turn my feed jnto AI slop based on my alleged interest in the topic.
UnderpantsWeevil@lemmy.world 2 weeks ago
One of the appeals of Bluesky (for now) is the Followimg feed that presents comments exclusively from people I follow, in chronological order.
cdf12345@lemm.ee 2 weeks ago
They can, but choose not to
Kommeavsted@lemmy.dbzer0.com 2 weeks ago
The technical complexity of showing a chronological feed of posts from subscribed accounts? Are you asking for one to scoff at thou peasant? You might as well request a toaster without bluetooth BAHAHAHA! BEGONE!
libra00@lemmy.world 2 weeks ago
That’s not a can’t, it’s a get-paid-a-shitload-of-money-to-not.
ToadOfHypnosis@lemm.ee 2 weeks ago
This is exactly why I deleted Facebook and Instagram. It no longer served it’s only purpose.
mctoasterson@reddthat.com 2 weeks ago
This is ironic because all the 40 year old chicks who are career users of FB since college, all cite the same justification for continuing to use it: “But all my photos and the current happenings of my friends”.
If you showed them epirical data that only 17% of what they consume on the platform is actually even tangentially related to their friends and family, maybe they’d finally decouple themselves from FB.
undefined@lemmy.hogru.ch 2 weeks ago
And all the photos look like shit because they’ve been recompressed in JPEG, and all the metadata is just gone.
duckworthy36@lemm.ee 2 weeks ago
It’s worse with instagram. I debated switching to Pixelfed at first because no one I know is on it. But then I realized I barely see friends content on insta, so it’s not really different, at least on Pixelfed I don’t see adds and only see posts from people I follow.
AlecSadler@sh.itjust.works 2 weeks ago
This. I have to go out of my way to even see my wife’s posts (well, before I deleted Facebook).
2/3rds of my feed are ads.
This metric is bullshit because they fucked up the waters.
Phen@lemmy.eco.br 2 weeks ago
Try blocking her, the algorithm will prioritize her posts if you do.
LordOfLocksley@lemmy.world 2 weeks ago
I just scrolled Facebook, and out of the 44 posts I came across 10 were from friends or pages I had liked. The rest was sponsored slop, or “you should follow this person” type posts.
No wonder the social interaction is down, when less than a quarter of posts I come across are from the reason to have Facebook.
I’m not friends with corporations, so don’t push me their shit.
Prime Facebook was 2007 - 2011/12. When they started algorithm-ing friends posts, that heralded the end. I don’t care that I haven’t interacted with friend XYZ for a long while, I’m still interested in seeing their stuff equally as much as friend ABC who I interact with daily
overload@sopuli.xyz 2 weeks ago
Agreed. 1/5 of the posts were from friends for me, and half of those friends posts were from one chronic Facebook acquaintance that I should unfriend.
I went through and unfriended a couple of hundred people that I need not be friends with on the platform anymore recently, and I’ve got to say I was impressed with how little my real friends actually post to Facebook. It wasn’t uncommon to see someone’s last post to be well before 2020 on there, over half a decade ago.
It leads me to believe that the concept of pushing out a comment to the Facebook news feed died a long time ago for the average millennial. People still probably comment in groups, but have set up privacy filters that prevent them from being shown publicly.
libra00@lemmy.world 2 weeks ago
Right? ‘ZOMG users aren’t viewing the contents of their friends!’, yeah, because you hide that shit behind ads and promoted content, dumb-ass.
venusaur@lemmy.world 2 weeks ago
Fair. Also if I was just looking at friends’ content, it would be empty haha.
turkalino@lemmy.yachts 2 weeks ago
I miss when the Instagram homepage showed all your friends’ new posts before it showed recommended stuff. Now it’s all interwoven
ExtantHuman@lemm.ee 2 weeks ago
It’s not even new stuff. Last I had looked (a couple years ago) it would show me friendss posts from last week with no sign of anything new, and I knew they had posted newer things than that. It was completely unusable. I’d see the same stale old posts for days
Geodad@lemm.ee 2 weeks ago
That’s the reason I log into Facebook like once every week or two.
I like to make sure someone didn’t die, and I miss the funeral.
toy_boat_toy_boat@lemmy.world 2 weeks ago
you’ve got a point. they’re trying to redefine what “friends” are. and they’re succeeding.