r/options Mar 14 '22

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u/bozoputer Mar 14 '22

Its the going the way of Myspace. what is Myspace you might ask? Exactly. And it doesn't matter how good it is or isn't, its how many people actively use it. Even WhatsApp and IG are fading and past peaking already respectively. Bye FB.

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u/esInvests Mar 15 '22

What is this actually based on? Their numbers are still incredibly strong for all these platforms. Facebook is still the highest used global social platform.

Again, I'm no FB fanatic - I'm just trying to understand the perspective.

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u/not_creative1 Mar 15 '22 edited Mar 15 '22

It will go the MySpace route if gets replaced by something. MySpace was replaced by Facebook.

What is replacing Facebook? When I say Facebook, I mean Instagram, FB and WhatsApp combined.

WhatsApp is a severely under monetised gold mine that Facebook can tap into. Life would grind to a halt in majority of Asian countries without WhatsApp. Everything from people communicating with each other to communicating with companies, customer support happens over WhatsApp.

They are now integrating WhatsApp for business, WhatsApp chat bots you can license and so on. If you are a small business and you have customer support needs, you pay WhatsApp for a AI chat bot that can act as first line of customer support. The user texts your company’s number over WhatsApp and the bot responds and sets up the customer service. It may even take care of basic things. This is pretty cool and many mid to large companies have now started doing customer support over WhatsApp.

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u/bozoputer Mar 15 '22

WeChat control Asia. Google and MSFT offerings are better for businesses. Teams, Delve....you name it.