It’s not a lack of creativity, but a lack of mission/vision/true north.
Basically they’re flailing about trying to find something that sticks. If they can’t they’ll go the way of yahoo.
It’s a form of loss avoidance, I think. That or trading the known for starting something new.
They did, it was called Threads and no one used it.
https://techcrunch.com/2021/11/17/instagram-will-shut-down-i...
Later, there was [Slingshot](https://www.engadget.com/2014-06-17-facebook-slingshot.html).
And now Threads.
I guess my original comment was unfair -- Facebook does try to launch clone apps. They just don't work!
This seems to be it. Meta only "innovates" to copy competitors. WhatsApp was a threat and was bought. Same for Instagram. Snapchat couldn't be bought, so it became stories and is now part of every product Meta owns.
TikTok is the latest threat, and history repeats itself. Instead of creating a superior product that people want to use, Meta is sacrificing Instagram to replicate TikTok's every feature (including finally paying creators).
It wants profits and more of them, every quarter.
TikTok's only 'innovation' is paying billions of dollars to teenagers to create meme videos. Instagram isn't losing to TikTok's 'creative culture', it's losing to American elite's favorite move - throwing money at a problem until everyone else quits, at which point you give talks and write books about how it was due to innovation, freedom and democracy, oh and LGBTQ+ or whatever the term is nowadays.
Source: know a couple of people who could barely scrape by on Instagram/youtube, switched to TikTok and are all of a sudden making more money than me. The infinite money faucet at TikTok will soon run dry and it'll become just another shit social media platform, like all the rest.
TikTok has at least done three innovative things. One is the frictionless sign in that doesn't require an account, secondly the well done video editing tools and most importantly abstracting away the social graph.
And on the finance site this doesn't check out either. TikTok is on track to triple revenue this year alone and top creators generally make more money from outside sponsors and deals than from the company itself. Of all the social media site TikTok arguably chips in the least amount of money themselves.
How do you know that?
article recap: https://www.tubefilter.com/2022/01/24/hank-green-tiktok-crea...