The Problem With Facebook
The problem is much worse than I originally thought.
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Facebook is a complex ecosystem of individuals, creators, brands and advertisers, but I don't think it serves any of these groups particularly well because its top priority is to make money.
This business plan backfires because 1) not all entities ARE advertisers and 2) it was the content from these people, specifically friends, family, and creators that made the site worth visiting in the first place. Now the incentives are misaligned:
- individuals want to see great content, but they are now seeing more paid content and organically shared content which appeals to the lowest common denominator
- creators want to reach fans but their posts are being throttled to force them to pay to be seen
- brands and advertisers have to pay once to advertise their page on Facebook, and then pay again to reach the people who have already liked their page.
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14 comments posted so far. Login to add a comment.
2. loadrunner commented 8 years ago
6. Cyrille commented 8 years ago
For those who are unfamiliar with this world, researchers have to pay publishing companies to get their work published, and also pay those companies to get access to the work of other. And of course, you are not getting paid for that, since you had to abandon your copyrights on the said work.
That's one of the main reasons why I left research.
9. snotraddict commented 8 years ago
Interesting stat I heard today, 85% of on-line advertising goes to Google and Facebook.
10. MindTrick commented 8 years ago
11. ughlah commented 8 years ago
People usually take pride in overcoming behaviour like that. Same with the Facebook.
Cyrille, i wish i could upvote you more. Could have been my comment and annoys the hell out of me.
13. MindTrick commented 8 years ago
edit: might add my usage: I only go to FB to send messages, or post something funny or maybe check something that someone has told me they posted. I dont sit and scroll and scroll to wait for something special or anything. I dunno, what do you other people expect or want from a site like that?
+7 1. fjwjr commented 8 years ago