[fzeroracer]

That long term value you mentioned has little to do with Facebook itself though. In my teens I met friends through IRC and AOL, people across the world and passively kept in touch with them through the eras of IRC, Skype and now Discord.

But what you don't see (or perhaps didn't pay attention to) is the way that Facebook monopolizes that value. They gained that control through ruthless manipulation, advertisement, buying of competitors and more. Then once you have buy-in, you're stuck with the enshittification they force on you because all of the alternatives have died.

For Bandcamp, they existed in the bought competitors space. And we're seeing the cycle I mentioned above occur faster and faster. The goal of companies like Facebook, Epic, Uber etc isn't to actually make a good thing. It's to dominate a market. The value is incidental, occasionally coming with the aquisitions.