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Comment by measurablefunc | Hacker News Reader

It doesn't matter how many "wunderkinds" Zuckerberg pays off to work at Meta. Meta is not an AI company so they will never produce anything of relevance in that domain.

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I don’t see meta around in 10 years frankly. They are very vulnerable to technological shifts they aren’t leading.

Same with apple

Meta, Reddit, Twitter, they're staying around. Too much of the population has been captured in those places and is too passive and docile to seek out better options. The disruption we've seen in the last with social networks won't happen anymore. These places are so bad already that there's no reason to think the remaining people will leave for any reason.

Meta is the smallest but also the most profitable of the FAANGs in terms of percentage profit margin at 30%, vs 25% for Apple and Google and much less for Amazon and Netflix. Their position in social networks is a license to print money and unless humanity goes fully autistic all of a sudden, this is unlikely to change, technological shifts notwhitstanding.

The one thing that can kill them is the fact each successive generation avoids their fuddy-duddy parents' social network, so Boomers and Gen X are on Facebook, Millennials on Instagram and Gen Z on TikTok. If TikTok had been killed as was originally the plan, they would have benefited massively, but Trump does not trust Zuck and made sure it went to his son Barron and the Ellisons.

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