What history teaches us is that past generations have been ruined by serious things, like war, political upheaval, disease, and economic collapse, not by a frivolity in their social lives like FB.
Modern marketing has ensured that everyone in the US born after the'80s has grown up in an environment of marketing saturation, but modern marketing/propaganda was invented in the early 20th century. (Thanks, Edward Bernays) It changed our lives and the way we think, from Fascist propaganda to Coldwar rhetoric, and to the belief that orange juice is a breakfast drink and the engagement ring is a thing.
FB is one of thousands of powerful entities continuing the tradition, but of course, data mining has reached obscene levels, but FB is only one of many players.
While they're only one of many players, they are a big player, and from experience it's mostly boomers that use Facebook. They have a lot of power, but I do not think they should be broken up. Things have been allowed to be this way, and I doubt they will change for the better.
While true, I think it’s worth remembering that history is being written constantly. Facebook’s position and scale has no precedence, and we’re just now really beginning to understand what the consequences of such a position can be. Today’s event was historic in its own right (even though I think it was mostly unproductive).
We’ll emerge from this a little wiser, and maybe with some new regulations. Whether regulation is good or bad I can’t say, but this is all very much a learning process as a society and, to some potentially great extent, as an industry.
Frankly, I think crossing this line was necessary.
I’m being extremely generous with that approximate duration of relevance.
Look at Microsoft. Windows’ golden period lasted from 1998 until 2006 with the release of Vista. With the release of Vista, Microsoft’s strangle hold on relevance disintegrated in a summer. And now what? Microsoft technically “exists” but who cares?
We are witnessing Facebook’s Vista moment right now. Donald Trump is Facebook’s Windows Vista.
Modern marketing has ensured that everyone in the US born after the'80s has grown up in an environment of marketing saturation, but modern marketing/propaganda was invented in the early 20th century. (Thanks, Edward Bernays) It changed our lives and the way we think, from Fascist propaganda to Coldwar rhetoric, and to the belief that orange juice is a breakfast drink and the engagement ring is a thing.
FB is one of thousands of powerful entities continuing the tradition, but of course, data mining has reached obscene levels, but FB is only one of many players.