Although Facebook is one of the largest social networks in the world, it’s slowly losing its popularity. Any decline of such a big company is bound to occur over time, yet it’s interesting to note what the company is doing in response. Little, if nothing.
As many bloggers and tech-analysts will agree, once a large social movement like Facebook becomes so engrained in our everyday life that it is no longer unique or special, it will soon become extinct. It’s simply the nature of the game.
As stated by Facebook CFO David Ebersam a few months ago, Facebook is starting to lose it’s teen demographic around the world. They’re no longer on Facebook, but rather on other instant gratification sites likes Vine, Instagram, Snapchat and WeChat. But it’s not just teenagers who are leaving the FB giant, it’s the millennial generation as well, who can’t handle crazy, over-stimulated Newsfeeds with everyone on it, from their students to their and grandmothers.
It’s clear that Facebook wants its users to continue sharing more and more. But if what we post on our Facebook walls never gets seen by our friends (thanks to many, many algorithm changes), what is the point? Specifically as it relates to companies, Facebook recently admitted that brands will need to start paying for such visibility in order to break through the clutter of the typical FB fan’s Newsfeed. This extra demand of companies is causing quite the stir as it’s not clearly stated how boosting will actually get stories into Newfeeds — and by how much.
After all is said and done, Facebook has not come out with any life-changing additions to the platform (if you don’t count auto-playing video ads). Yes, they’ve acquired popular platforms like Instagram, but they’ll have to do a lot more to stay relevant in people’s lives. Although Facebook will most likely survive, the “Facebook Era” may be coming to an end.