Meta considers shutting down Facebook and Instagram in Europe

If you have Netflix, watch The Social Dilemma. It's dramatised but gives you a good idea how it works.

The clowns running the place should really know how Europe were going to response, it's far from how it would go down in the US anyway.

This sums it up pretty neatly.

Ill be delighted to see the back of Facebook and Meta as a whole, its a shell of what it was back in 2008/9.

Tik Tok is the next Facebook, just in a different format

It is like that for any megacorp though. Once they get to a certain size the only way forward is acquiring startups. Same happened with Microsoft & Google, both of which have managed to play the acquisition game a lot better than Zuck

A few observations;

1) from my own reading on Facebook's problems with its Instagram and Facebook platforms, it lacks the same content creators that say Tik Tok has which is resulting in a lack of engagement with the apps. It is also struggling to monetise its Reels in order to continue to justify its massive earnings.

2) the decline in its user base the younger you go is terminal and only points to things getting worse as these younger people grow up. But I understand that Facebook and Insta are almost off the radar altogether for teenagers.

3) fraud; Facebook/Meta is effectively just an advertising company and nothing more, there is nothing more special about it. And I don't mean in the same way that "Tesla is just a car company" but more like "WeWork is just a tenant that sub-lets". It is consequently lacking diversification in revenue and could collapse fairly quickly if as spending falls. Related to this, last year I read that Facebook was being accused of overstating the reach of ads that businesses paid for to reach users of Facebook/Insta, effectively that they were lying. So I wonder if perhaps the decline of Facebook has already happened but they have been fudging the success of ads to businesses in order to hide the reality that Facebook/Insta ads were not achieving what advertisers were being elt on they were achieving.

I don,t think they can afford to leave the eu, they still have millions of users in europe , most digital ads are on facebook,meta, instagram or else on google apps services .yes many young users just use tik tok or instagram.they will come to some agreement with the eu to have more strict privacy ,data controls.they would find it very hard to buy the next tik tok, snapchat, social media app due to regulators anti trust laws.they still have billions of users .yes they are losing younger users .Almost every company,business is on facebook.many small companys rely on facebook, whatsapp to contact customers and do business in many countrys