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If I was the co-founder of one of the top websites in the world that had to pivot from my shitty news organization into what looks like a shitty version of Diaspora, I’m not so sure I’d be thrilled with “thousands.” You need network effects for social network rivals to take off. That isn’t to say there won’t be a Facebook successor (there almost certainly will be one — the big challenge for Facebook is if it has a piece of that or not), but just as Diaspora, Google+, Peach, Ello, App.net, Gab, Mastadon, and any other number of attempts at this have failed (calling Mastadon a failure is unfair, but its not Twitter and won’t ever be), so will this. Snap was a threat to Facebook’s core messaging properties (WhatsApp, Messenger, Instagram), so Instagram had to blatantly copy Snap to win back momentum. Snap is still a thing, but unless it leans into the fact that it isn’t owned by Facebook (which is ultimately what hurts WA and Instagram), it isn’t ever going to catch-up, especially on a global level. TikTok has the sort of network effect Vine never had, and could be a real contender for the next generation, even with its ownership questions. Twitch and YouTube still have opportunities for growth — and there is still lots of room for innovation in the live video space. And look, maybe this will be a really nice niche community for a small group of people. I hope it is. I hope the people that signup and pay for it enjoy it. I hope Wales doesn’t get bored when it doesn’t have tons of users and make tons of money. There is a market for small community social networks. Not everything has to be the scale of Facebook — I’d argue it’s better when things aren’t that size — but let’s not pretend we’re not talking about this because it’s being positioned as something that is “taking on” the giant — when it would be more helpful - but make for a poorer headline/narrative - to say, “rich dude wants to recreate The Well for a generation of users who doesn’t know what The Well was.” |
Who says that success should be measured by Twitter? It may be that no other social network approaches Twitter and Facebook in size given their dominance, but that doesn't mean that there can be no other social networks.
In my opinion, one-size-fits-all social was a mistake to begin with. Smaller niche spaces (like HN) are much more interesting.
To think of it another way: did your favorite local bistro "fail" as a restaurant because it didn't become as large as McDonald's? Which one would you rather eat at?