Meta's parent company, Facebook, has been valued at $1.2 trillion and announced another set of glittering results for the same, but it is also undergoing a profound transformation in terms of its functioning and usage patterns. The social network is now valued at $1.2 trillion, yet even as it reliably draws vast amounts of attention from addicts and critics alike, it is undergoing a profound change in the way it operates and functions. The weird magic of online social networks was to combine personal interactions with mass communication, but now this amalgam is splitting in two again, and people are migrating to closed groups for public posting rather than status updates from friends. This matters because social media are how people experience the internet, and they take up nearly half of mobile screen time and consume more than a quarter of waking hours. As well as being fun, social media are the crucible of online debate and a catapult for political campaigns, but in recent years their functioning has changed dramatically, with apps like Facebook becoming less social and inspired by TikTok, which serves more as an entertainment platform than a means of social interaction.
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https://read.distractionfree.site/economist/leaders/2024/02/01/the-end-of-the-social-network?itm_source=parsely-api
#FacebookValuedAt12Trillion #GlitteringResultsAnnounced #ProfoundTransformationUnderway #WeirdMagicOfOnlineSocialNetworks #MassCommunicationAndPersonalInteractions #CloselyGroupsForPublicPosting #InternetExperience
FuckBigNewsMedia
npub19v…mj236
2024-02-03 17:13:21
Author Public Key
npub19vqkmyttvpwpul5njms9ej6hgc30e2t03shnx9dzyvy4gwstcc4s0mj236Published at
2024-02-03 17:13:21Event JSON
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"content": "Meta's parent company, Facebook, has been valued at $1.2 trillion and announced another set of glittering results for the same, but it is also undergoing a profound transformation in terms of its functioning and usage patterns. The social network is now valued at $1.2 trillion, yet even as it reliably draws vast amounts of attention from addicts and critics alike, it is undergoing a profound change in the way it operates and functions. The weird magic of online social networks was to combine personal interactions with mass communication, but now this amalgam is splitting in two again, and people are migrating to closed groups for public posting rather than status updates from friends. This matters because social media are how people experience the internet, and they take up nearly half of mobile screen time and consume more than a quarter of waking hours. As well as being fun, social media are the crucible of online debate and a catapult for political campaigns, but in recent years their functioning has changed dramatically, with apps like Facebook becoming less social and inspired by TikTok, which serves more as an entertainment platform than a means of social interaction.\n\nRead this story from \"The Economist\" for free without being tracked.\n\nhttps://read.distractionfree.site/economist/leaders/2024/02/01/the-end-of-the-social-network?itm_source=parsely-api\n\n#FacebookValuedAt12Trillion #GlitteringResultsAnnounced #ProfoundTransformationUnderway #WeirdMagicOfOnlineSocialNetworks #MassCommunicationAndPersonalInteractions #CloselyGroupsForPublicPosting #InternetExperience",
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