The Death of Facebook?

Hardly! But losing $230 Billion in a day isn’t a good thing either.

I think, like every website out there, it’s most likely reached it’s peak of users. Once that happens, the site now has to either change what it does or it’s going to risk imploding.

I’m not a big user of Facebook, and I’ve never been. I’ve never really been a big user of social media ever. Besides my blog here, the only other social media site I’m on is TikTok, and that’s at my brothers request and the channel is under his name, not mine.

Facebooks plan in the beginning I think was a good one. But the rise in security and privacy concerns, the congressional hearings, and the fines, have really hurt the company. Plus, I think Mark Zuckerburg has been the CEO for far longer than he should have. That has not helped either.

Facebook is the case of getting to big, to fast, with the wrong leader heading the charge. Believe me, I’m NOT an expert in business management. But for how old Mark is (37) he should have stepped aside YEARS ago and let someone with more international business history take the lead. I get that FB is his baby, and I don’t fault him for wanting to stay in charge. I do, however, think that there is still a way for him to get rich off of FB while handing the reigns over to someone who can properly manage the company.

Just from my circle of friends that I know who use FB, and those that don’t, I think their goal of connecting the world is over. They’ve gone as far as they can with it. While most of my family has pages on it, we mostly use it how my Mom and Dad used to use mass email. That’s basically what it is for us…a mass email machine.

And even though the younger members of our family (my brother, our cousins, their kids) have pages, they have mostly moved on to TikTok and SnapChat. I’ll get a faster reply from my brother if I send him a short video on SnapChat than I will if I send him a message on FB. Out of the three, FB is his third priority. That’s not a good position to be in for the future of FB.

So yea, it was a hard hit. I also think it should serve as a wake up call. FB is going to be around for quite a while yet. But what it looks like a year, or even five years, from now is anyones guess.