Future For Facebook?

Future For Facebook? February 1, 2018

What do you think? [HT: JS]

Nick Bilton:

It’s impossible to predict where Facebook and other social sites will be in five years. Will they be largely extinct? Will they be more akin to Netflix, or like TV channels we can group-comment on? Will they have fixed their problems and be thriving? Just a couple years ago, most people believed Twitter was dead on arrival, and then Donald Trump came along and made it his 24-hour mouthpiece. Facebook could go in this direction, saved by its foray into scripted content, or the mass adoption of virtual reality. Or, it could be split up into half-a-dozen pieces.

But one thing is certain. For years, Zuckerberg and Facebook have tromped through the technology landscape and demolished everything that stood in the way. This was done without any reprisal, without any consequence. In fact, each time the company destroyed a competitor, or found a way around traditional regulatory concerns, the valuation of Facebook would go up. But now, it seems that all of those actions are coming back to haunt the company, and social media as a whole. Facebook was always famous for the sign that hung in its offices, written in big red type on a white background, that said “Move Fast and Break Things.” And every time I think about the company, I realize it has done just that—to itself. But I think that Zuckerberg, and the people who work at Facebook, also realize that the things they have broken are things that are going to be very difficult to put back together.

"That was a rather strained attempt at a response. But thanks anyway."

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