I rarely pick stocks, but I took a long position in Twitter, Snap and Pinterest this morning bc, imo, this is definitely an over-reaction.
The time the average person spends on their phone (and social media) has only been increasing year over year. If Facebook's growth is slowing, that's directly at the hands of competitors.
Slight tangent but the balance of interaction and pulling users back of Wordle is brilliant. Users can saturate and over indulge and reach a point of cutting off over maintaining that momentum.
Oh and yes, TikTok seems to of hit a sweet spot(also the best stock bet currently), but if they can pull off 18 years of solid growth in interaction, that will be amazing.
Paradoxically, the stock market itself for many is their social media outlet, which probably seen a longer streak of growth than any social media platform.
Be interesting how HN growth and interaction has tractioned over the years, but then it doesn't matter as this is the Sparta of social media interaction in many ways and I ruddy love it.
I think that’s the consensus because Facebook specifically blamed TikTok on the earnings call. The question is if we should take that statement at face value.
It’s easier to blame competition than to admit that users are growingly apathetic towards your product (sans competition).
Facebook’s falling engagement, in and of itself, is great news for other social media apps.
TikTok’s rising engagement is, in and of itself, bad news for other social media apps.
I don’t think these two pieces of information net out poorly for other social media apps when overall social media usage is rising.
We’ll see in short order. Earnings calls are coming up in the next 7 days.
The time the average person spends on their phone (and social media) has only been increasing year over year. If Facebook's growth is slowing, that's directly at the hands of competitors.