Is social media company Facebook and internet search engine Google "too big to fail"?
Recent revelations about FB and Google are very troubling in the least. Their objectivity is in question? The question for the consumer is, are they too big to fail? or they are in danger of losing their dominance? Competition brings out the best...
I think no company, for that matter no country, is ever too big to fail. Look at Nokia, 10 years ago they practically were synonymous with handphones. FB and G might be larger, but given enough mistakes, they would also fall. Only thing is, they might be wealthy/influential enough to slow the decline. Or in the process of decline, manage to reverse the downturn.
Remember that My Space was the big one before FB.
Alta Vista, WebCrawler and others preceded Google.
The thing that may cause a change today, is that both of them invade our privacy, and if an adequate social site, and search engine that doesn't invade out privacy might trigger a change.
We seem to be creating new generations of people that don't care about their privacy, and think that bad things only happen to other people. It is bad enough that the US government spies on everyone, not just the bad guys. They even didn't balk at what should have been an unconstitutional passing of the Patriot Act, as this act should have required a declared war.
So in my opinion, the Achilles Heel of FB and Google is Privacy.
I agree privacy and what they choose to do with that personal data. What is worst for Google and Facebook is if they cross the line of impartiality when it comes to their products. Their customers expect nothing less. No one likes being deceived.
Addressing the main question I don't think Facebook will follow the lines of MySpace anytime soon. The key from peeking around is if they keep up with the trends for mobile usage with their platform and apps they will remain dominate a long time.
Google is simply mind boggling to me. They are the leader and dominant regard search engines market shares. All there statistics are mind boggling.
I looked at these resources for anyone to peek at it if interested:
Global social media research summary 2016 by Smart Insights
http://www.smartinsights.com/social-med … -research/
Marketing: 96 Amazing Social Media Statistics and Facts for 2016 by BrandWatch (Note: There are Google Stats here too. One amazing fact is Google uses 0.01% of worldwide electricity.)
https://www.brandwatch.com/2016/03/96-a … -for-2016/
Worldwide desktop market share of leading search engines from January 2010 to January 2016 by Statista
http://www.statista.com/statistics/2165 … h-engines/
(Note: There are a multitude of links to internet statistics at this site from usage by country to advertising revenue to posts per minute at Social Media sites. For instance at 347,222 tweets per minute.)
I discovered one interesting article by Forbes regard Facebook and Google failing. The article 'Here's Why Google and Facebook Might Completely Disappear in the Next 5 Years' written 2012 points out contrast with management type. It also points out it may be related to generational differences of users regard the transition of the internet from Web 1.0 → Web 2.0 → Mobile.
It states, "With each succeeding generation in tech the Internet, it seems the prior generation can’t quite wrap its head around the subtle changes that the next generation brings." It hints at users and the industry. It at that time questions why Google and Amazon have not made the transition to the social market. Pehaps that is why so many algorithm changes these most recent years? Penguin hit the web 2012. Comparing 2010 to 2014 mobile skyrocketed at 394%. An interesting point is that 21% of Millennials do not use a desktop preferring Mobile.
For me it is revealing how I may view writing articles today and what articles to write regard traffic. I may have to change as pointed out by that Forbes article.
They are not objective. Google is censoring ads by gun companies and payday lenders, legal products, because of its own biases. However, due to the sheer volume of internet traffic and content it controls, treating it as a utility that has to be unbiased would be appropriate.
Facebook is censoring conservative members and groups. This wouldn't be bad if that was part of the rules of the site, but they say they are neutral. And then they do things that are clearly biased - which is a violation of their word. Plus there is the sheer degree of it.
Facebook Censors Swedish Story About Rapes by Muslim Refugees
http://www.mrctv.org/blog/facebook-cens … m-refugees
Trump supporter BLOCKED by Facebook for complaining about site's censorship of right-wing activists
http://www.dailymail.co.uk/news/article … z4ASJRkbdZ
Facebook censors Michael Savage post of Muslims protesting
http://www.wnd.com/2015/12/facebook-cen … LMgc2JT.99
Media Ignoring a MAJOR Part of the Facebook Scandal
http://www.mrctv.org/blog/mainstream-me … ok-scandal
Includes censorship of smaller conservative groups and individuals
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