Apple's privacy push cost Meta $10B
Lies.Don’t you all see it? Facebook has been declining over the past year and this is a convenient way to blame someone - anyone.Let’s face it, what are your friends all using now? That’s right - video - YouTube and TikTok.Facebook had no answer for video and thus lost a lot of eyeballs.Instagram is a poor clone of TikTok and most people just repost their popular TikTok videos on Instagram reels anyway - hardly any original videos show up there.As the world transitions to short form video even YouTube is going to feel the pinch.Don’t you notice every one of your favorite content creators starting “clip” channels which are blowing up with YouTube shorts and reposts to TikTok?Facebook is beginning its long inevitable decline. Who knows if it will accelerate or just be a slow death?And Zuck is very smart. The moment I saw the rebrand to Meta I knew that he saw this day coming perhaps years ago. He knows the next frontier is the meta verse and so he’s trying to make Facebook be the epicenter of it.Who knows if it will work. But this has nothing if anything to do with Apple. And everything to do with the long term trends of history… or if you will, psychohistory.