I’ve kinda speculated on this before, but I definitely do think social Media companies are on borrowed time.
I really do think that the advertising economy, as a business model is kinda shaky. I’ve never thought the concept made much sense in relation to the amount of money that companies are willing to spend on it, but that’s kinda from my own intuition (as a student in financial business), but I feel like my intuition has been getting confirmed by the insane amount of hoops social media companies are jumping through in order to increase viewership, often to the detriment of the people exposed to it, in return for revenue growth that is pretty lacking.
Basically, social media companies are destroying all of their goodwill and usability in order to live up to the demands of the advertising economy. They seem to be cannibalising their own business models.
And as this article mentions, there’s growing backlash towards social media, rightfully so. I think this backlash is partially in response to what I mentioned earlier, but I think a lot of it is also pretty unavoidable because social media seems to be inherently harmful in ways that can only be fixed if social media companies actually put ethics and social health at number 1 which is never going to happen, and has never been the case.
LCatfishBrown on
According to the article: we seemed to have passed a local maximum in time spent on social media, but it is unclear whether that was the all-time peak or if all-time peak is yet to come. Also, usage in North America continues to climb, so this “passed a local maximum” observation is only true of the globe-minus-USA-Canada-Mexico.
I see little cause for optimism in this article.
Constant-Listen834 on
I am 100% convinced that yes.
Go tell someone you quit social media, any random person. What will they respond? “Oh good for you” “man I really need to do the same” “damn smart move”. We all know it’s bad
All our kids are not gonna use this shit. It will be the lead ooisoning of the next generation “what the fuck do you mean social media? The stuff that made everyone in my parents generation insane?”
5 Comments
Good fucking lord I hope so.
Inshallah
I’ve kinda speculated on this before, but I definitely do think social Media companies are on borrowed time.
I really do think that the advertising economy, as a business model is kinda shaky. I’ve never thought the concept made much sense in relation to the amount of money that companies are willing to spend on it, but that’s kinda from my own intuition (as a student in financial business), but I feel like my intuition has been getting confirmed by the insane amount of hoops social media companies are jumping through in order to increase viewership, often to the detriment of the people exposed to it, in return for revenue growth that is pretty lacking.
Basically, social media companies are destroying all of their goodwill and usability in order to live up to the demands of the advertising economy. They seem to be cannibalising their own business models.
And as this article mentions, there’s growing backlash towards social media, rightfully so. I think this backlash is partially in response to what I mentioned earlier, but I think a lot of it is also pretty unavoidable because social media seems to be inherently harmful in ways that can only be fixed if social media companies actually put ethics and social health at number 1 which is never going to happen, and has never been the case.
According to the article: we seemed to have passed a local maximum in time spent on social media, but it is unclear whether that was the all-time peak or if all-time peak is yet to come. Also, usage in North America continues to climb, so this “passed a local maximum” observation is only true of the globe-minus-USA-Canada-Mexico.
I see little cause for optimism in this article.
I am 100% convinced that yes.
Go tell someone you quit social media, any random person. What will they respond? “Oh good for you” “man I really need to do the same” “damn smart move”. We all know it’s bad
All our kids are not gonna use this shit. It will be the lead ooisoning of the next generation “what the fuck do you mean social media? The stuff that made everyone in my parents generation insane?”