Facebook as a social network used to be concerned one of the best companies in the world, but with all of that having been said and now out of the way it is important to note that it has fallen out of favor in recent years. That’s not to say that the company has stopped being profitable, of course, it just means that people tend to have a lower opinion of Facebook than they used to have.
The fact that Facebook is still so profitable despite the myriad problems that people tend to have with it is actually a pretty interesting thing to note. It comments on a phenomenon that is unique to Facebook, in that people might not like the company very much but they can’t seem to stop using its services and platforms no matter how much they hate the platform itself.
It is important to try and understand what makes Facebook so resilient because of the fact that this is the sort of app that could potentially end up allowing people to better analyze how they can go about running their own businesses as well. This sort of thing can also help make it easier to chart a course for where Facebook may be headed in the future.
One thing is for sure, Facebook was very smart in its investments into Groups. This was one feature that the social media platform knew that people would simply not be able to live without no matter how much they didn’t like Facebook itself. This has proven to be particularly useful in the age of the pandemic. People that caught the virus and were starting to suffer from symptoms needed some place where they could go and talk to people that might have been through what they are going through at this current point in time.
Hence, Facebook’s investments into Groups might be what’s making the social media platform thrive despite widespread criticism. This is a formula that has worked for Facebook so far, but it’s fair to say that it might not work forever. Criticisms against Facebook are mounting and getting more and more pertinent by the day, especially as people are starting to realize just how much control this company has over the world they live in and how much of a negative impact this much control has the potential to end up having in the future.
Read next: Facebook’s Instagram failed its responsibility of removing self-harming posts
The fact that Facebook is still so profitable despite the myriad problems that people tend to have with it is actually a pretty interesting thing to note. It comments on a phenomenon that is unique to Facebook, in that people might not like the company very much but they can’t seem to stop using its services and platforms no matter how much they hate the platform itself.
It is important to try and understand what makes Facebook so resilient because of the fact that this is the sort of app that could potentially end up allowing people to better analyze how they can go about running their own businesses as well. This sort of thing can also help make it easier to chart a course for where Facebook may be headed in the future.
One thing is for sure, Facebook was very smart in its investments into Groups. This was one feature that the social media platform knew that people would simply not be able to live without no matter how much they didn’t like Facebook itself. This has proven to be particularly useful in the age of the pandemic. People that caught the virus and were starting to suffer from symptoms needed some place where they could go and talk to people that might have been through what they are going through at this current point in time.
Hence, Facebook’s investments into Groups might be what’s making the social media platform thrive despite widespread criticism. This is a formula that has worked for Facebook so far, but it’s fair to say that it might not work forever. Criticisms against Facebook are mounting and getting more and more pertinent by the day, especially as people are starting to realize just how much control this company has over the world they live in and how much of a negative impact this much control has the potential to end up having in the future.
Read next: Facebook’s Instagram failed its responsibility of removing self-harming posts
