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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