i couldn't disagree more. the power of facebook is its passive aggregation. most people don't want to use 4-5 different apps and scour the internet to actively seek out content.
Isn't that what we said about Craigslist, though? And then StubHub and Airbnb happened...
craigslist is a special case because they notoriously under-invest in themselves and have made no effort to innovate and evolve; basically pocketing all profits. there have been very few substantial changes to the site since launch, which has lead to its steady decline.
facebook, on the other hand, has proven to be very much aware and cautious of the competition. they're also the only company in the article that's turning a profit.
9gag doesn't really produce original content.
"Things worth knowing about start on sites like 9gag and 4chan (and others that I’m not brave enough to visit), as well as RSS feeds (yep, not dead yet). From there it spreads to reddit"
Piece by piece until the behemoth buys you.
Small companies may have taken apart Craigslist piece by piece, but Craigslist has never had the bankroll or desire to acquire them if they became too much of a threat. As we've seen with the Instagram acquisition, that's clearly not a problem for Facebook.
That being said, I do find Facebook to be very noisy, and I'm more often annoyed by it than thrilled to use it. I'm glad there are OTT messaging apps getting major traction globally and giving FB Messenger a run for its money (My personal fave is Line.) I'd rather use them than log into Facebook and sift through a bunch of crap on my news feed.
It's so hip to hate on Facebook.