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▲ dron57 3 days ago

Meta is going to have higher ads revenue than Google this year.

▲torginus 3 days ago | parent | next [-]

Social media is an extremely competitive landscape, with competitors rising overnight.

Google, Apple and Microsoft dominate the world with their products and platforms. Facebook & WhatsApp certainly doesnt.

▲John23832 2 days ago | parent | next [-]

> Social media is an extremely competitive landscape, with competitors rising overnight.

This is not true at all. There are two players. FB/Instagram and TikTok. Using one does not preclude using the other. Other than tiktok, who was the last new player in social?

> Google, Apple and Microsoft dominate the world with their products and platforms. Facebook & WhatsApp certainly doesnt.

Whole countries literally run on WhatsApp.

▲torginus 2 days ago | parent | next [-]

https://en.wikipedia.org/wiki/List_of_most_popular_social_pl...

There are all kinds of social media, its segmented by userbase, and culture/geography.

Telegram has 1B users (which is surprising to me, I thought it was an ex-Soviet thing), and there are entire geographic strongholds, such as Russia and China.

Russia and China still use iPhones and Windows, but entirely skipped out on Facebook and Whatsapp.

▲lmm 2 days ago | parent | next [-]

> There are all kinds of social media, its segmented by userbase, and culture/geography.

Your own link has Meta with 3 of the top 4 platforms. Can you really see any of the competitors overtaking them in even the medium term?

> Russia and China still use iPhones and Windows, but entirely skipped out on Facebook and Whatsapp.

China doesn't use Google either, and while they might use Windows they're staying off Azure which is where Microsoft's main business is these days.

Yes there are countries which stay off Meta. But they are just as embedded in the workings of the world as any of the companies you mentioned, probably more so. Government decisions are made by people using a mix of Apple, Google and Microsoft hardware - but all of them are communicating over WhatsApp.

▲aworks 2 days ago | parent | prev [-]

3B Facebook users!

And for all the scorn it gets on HN, Facebook still works for some of my use cases: high school friends, low-contact relatives, obscure geography groups, the Philippines.

▲tshaddox 2 days ago | parent | prev | next [-]

You don’t consider YouTube to be social media?

▲drivebyhooting 2 days ago | parent | prev [-]

I wish WhatsApp would get nationalized. I absolutely hate having to use it.

▲canes123456 2 days ago | parent | prev [-]

That has been the talking point since facebook launched.

▲Rapzid 2 days ago | parent | prev | next [-]

It's not diversified enough IMHO compared to those other companies. That makes its market cap fragile and vulnerable to disruption.

▲alex1138 2 days ago | parent | prev [-]

I'm convinced all of Meta is fraud though so that's not surprising