Yeah but those are not my comments, and it's not today.
It is not competition that will kill Facebook, its the change in people's behavior. Very different from the competitive view you take.
The death of Facebook will be from both in how people interact with each other and tech. Whether its a fundamental shift in comm(mobile phones) or a leap in tech like serverless / peer to peer that removes the need for a central service. Eventually, Facebook will not exist anywhere near its current form.
Remember, FB not a service like Google that serves the user. You dont need them to do anything but connect to other people. If you dont need to use FB, you wont. For now, its easier and working very well at scale. But that's temporary. Maybe 10 years. Maybe longer... One day it too will be a memory, owned and operated by a PE firm that specializes in brands.
Facebook is AOL circa 1997. When it seemed that they'd be a dominate player forever... Fast forward a few years and were are almost non-existent. A few more and they were gone all together.
Never forget that the internet is awash in dead companies and sites that were extremely popular and powerful, until they werent.
Facebook is a giant, but its dominance in the USA and the EU is likely short lived.
Most taxi's are 1099 as well... Almost 100% outside of the major cities. So no. This is going to backfire hard on the legislature. They should have done their jobs and created a new class. But nope. They went for the headlines.
Another example of how advertising has perverted language to the point of it having no almost meaning at all... Words used to actually mean something, but no more. some examples: Unlimited, Free, Lifetime, Guaranteed, best, trust, etc.etc.etc.etc.
Oh, and thanks to Trump, words like genius, fact and perfect, no longer have any substantive meaning either... What a bizarre world we now live in...
This type of stuff is endemic to all bureaucracies.
Managers are too scared to make decisions so they look outside in order to justify any decision.
Its maddening as these are the very people who are paid to make these types of decisions, yet they dont. And due to their employer being a public entity, they are not held to any real standards nor limited by such pesky matters as profits and productivity.
It happens in local government,it happens at the state level and its absolutely enormous at the federal level. The waste is astounding, as are the underlying causes.
Its so simple to solve, yet as long as we have the fox's guarding the hen houses, it will remain.
It is not competition that will kill Facebook, its the change in people's behavior. Very different from the competitive view you take.
The death of Facebook will be from both in how people interact with each other and tech. Whether its a fundamental shift in comm(mobile phones) or a leap in tech like serverless / peer to peer that removes the need for a central service. Eventually, Facebook will not exist anywhere near its current form.
Remember, FB not a service like Google that serves the user. You dont need them to do anything but connect to other people. If you dont need to use FB, you wont. For now, its easier and working very well at scale. But that's temporary. Maybe 10 years. Maybe longer... One day it too will be a memory, owned and operated by a PE firm that specializes in brands.