Mark last week as the end of the social networking era, which began with the rise of Friendster in 2003, shaped two decades of internet growth, and now closes with Facebook’s rollout of a sweeping TikTok-like redesign.
A sweeping statement. But I think he’s right:
Facebook is fundamentally an advertising machine. Like other Meta products are. There aren’t really about “technologies that bring the world closer together”, as the Meta homepage has it. At least not primarily.
This advertising machine has been amazingly successful, leading to a recent quarterly revenue of over $50 per user in North America (source). And Meta certainly has driven this hard, otherwise it would not have been in the news for overstepping the consent of its users year after year, scandal after scandal.
But now a better advertising machine is in town: TikTok. This new advertising machine is powered not by friends and family, but by an addiction algorithm. This addiction algorithm figures out your points of least resistance, and pours down one advertisement after another down your throat. And as soon as you have swalled one more, you scroll a bit more, and by doing so, you are asking for more advertisements, because of the addiction. This addiction-based advertising machine is probably close to the theoretical maximum of how many advertisements one can pour down somebody’s throat. An amazing work of art, as an engineer I have to admire it. (Of course that admiration quickly changes into some other emotion of the disgusting sort, if you have any kind of morals.)
So Facebook adjusts, and transitions into another addiction-based advertising machine. Which does not really surprise anybody I would think.
And because it was never about “bring[ing] the world closer together”, they drop that mission as if they never cared. (That’s because they didn’t. At least MarkZ didn’t, and he is the sole, unaccountable overlord of the Meta empire. A two-class stock structure gives you that.)
With the giant putting their attention elsewhere, where does this leave social networking? Because the needs and the wants to “bring[ing] the world closer together”, and to catch up with friends and family are still there.
I think it leaves social networking, or what will replace it, in a much better place. What about this time around we build products whose primary focus is actually the stated mission? Share with friends and family and the world, to bring it together (not divide it)! Instead of something unrelated, like making lots of ad revenue! What a concept!
Imagine what social networking could be!! The best days of social networking are still ahead. Now that the pretenders are leaving, we can actually start solving the problem. Social networking is dead. Long live what will emerge from the ashes. It might not be called social networking, but it will be, just better.