is this the demise of the biggest social media platform facebook
Due to recent Scandal, More People have started to talk about it, On Every other Social Media, People are asking, Is This The Demise Of The Biggest Social Media Platform (Facebook)?. Before 2018 People were predicting the downfall of Facebook because more and more people are losing attraction towards Facebook, Some are saying that Facebook is an infectious disease which spread more quickly than we thought but now people are starting to develop “Immunity” towards this disease.Princeton Researchers predicted Facebook will lose 80% of its Peak Users.Which didn’t happened but Facebook lost quite a percentage of its users.
When People were starting to quit Facebook even by low percentage, It hit the news that 50 million users worth of data was sold from Facebook to Cambridge Analytica in 2014, Which is a British political consulting firm which combines data mining, data brokerage, and data analysis with strategic communication for the electoral process. The data which was acquired by Cambridge Analytica was later sold to Donald Trump to provide him assistance to win 2016 Presidential Elections This news exploded like lava from a volcano, People were angry and they started to wake up and realized that maybe Facebook was selling All of its Data to different hundreds of thousands of Companies.
People started to raise questions and demanded answers, Just like when Facebook’s Shares were Skyrocketing, they started to downfall, The data sold to Cambridge Analytica was just from one app, There are hundreds of thousands of apps on Facebook, There is a high possibility all of the those app’s data was sold to different hundreds of thousands of Companies, Recently The Senate Judiciary Committee’s chairman, Republican Senator Chuck Grassley requested a hearing on April 10,
Regarding “Social Media and Users Data Privacy”, Committee wants to add new rules in the book for these Tech Companies
Because of Facebook’s Data Scandal, Higher-Ups, and Committee wants to question other Facebook’s Silicon Valley Peers of how they manage The Data of their millions of users, Twitter, Google and other Tech Giants are suffering because of Facebook. News Channels, Famous Celebrities, and even Other fellow Billionaires and fellow Tech Giants are targeting Facebook and The Co-founder and CEO Mark Zuckerberg.News Channels are stirring up hate in the hearts of consumers, Famous Celebrities even Youtubers are Encouraging their fans to quit Facebook, Fellow Tech Giants like Elon Musk and Apple CEO Tim Cook are grilling Facebook, Apple’s many Executives are giving press messages that Facebook misuses their data and sell it to make millions and billions of dollars
Apple wants to use this opportunity to completely destroy one of the players of the BIG RACE. The #DeleteFacebook trend is increasing rapidly on Twitter, Instagram, Reddit, Facebook lost almost 50billion$ in Market Cap, Mark Zuckerberg lost 10billion$ in Net Worth. Apple is not going to lose such a great opportunity to destroy Facebook, In 2010, Steve jobs said companies like Facebook and Google should deal with privacy matters and someday this could become a very problematic issue
Steve Jobs advised his Silicon Valley Peers in his comment “I believe people are smart and some people want to share more data than other people do. Ask them. Ask them every time. Make them tell you to stop asking them if they get tired of your asking them. Let them know precisely what you’re going to do with their data”. He wanted to say that if you are going to use their data then before using it, Tell your consumers how you are going to use and make them agree with your use of their data
Even The favorite Billionaire of most, Elon Musk steps into the #DeleteFacebook trend with a barrel amount of tweets, Elon Musk is fairly Active on Social Media Platforms such as Twitter and Instagram, Recently Elon Musk Deleted his all companies Facebook Pages which had more than 5 million likes, He said that “it was not a political statement, He just don’t like Mark Zuckerberg, He gets willies, Sorry”. Previously Tech giants Elon Musk and Mark Zuckerberg clashed on the concept of AI taking over Humanity, Elon Musk has also joined the #DeleteFacebook in twitter and Instagram
As time goes by more and more people are starting to quit Facebook and Big names starting to encourage their fans to quit Facebook, So Is this demise of The Biggest Social Media Platform?