Facebook's Aging Audience Has Sent The Platform Into Panic Mode
On today's episode of BuzzFeed Daily, we broke down the top pop culture headlines AND discussed Facebook's rough October. You can listen below or scroll down to read more about the interview!
So let's dive right into it! Recently we talked to BuzzFeed News reporter Katie Notopoulos about Facebook’s recent PR woes and what it means for their future. Here's some of what we learned:
BuzzFeed Daily: OK, so Facebook has been in the news a lot recently. First, there was the whistleblower who alleged Facebook knew how detrimental Instagram is to the mental health of teenage girls. Then there was the massive service outage. And now there's the report that Facebook is planning on rebranding by changing its name. So is Facebook having a uniquely bad month or are they just under more scrutiny as the world's largest social media platform?
Dear Facebook:We've received your request to change your name. However, due to our real names policy, you will first need to fax us a copy of your court order and new driver's license....
BuzzFeed Daily: It almost feels like we're witnessing the beginning of the end for Facebook. I know that's a pretty big statement, but as someone who's done a lot of coverage on Facebook for BuzzFeed News, does that ring true to you at all?
??Whoa. Major news from Zuckerberg:He says Facebook moving forward will "retooling" to make "serving young adults the north star, rather than optimizing for older people."— Says the "shift will take years, not months."
BuzzFeed Daily: It is interesting because we haven't been in this position before. We don't really know what the shelf life is for a company like Facebook. MySpace was different. It was telling of what was to come. But we still don't know what the future of Facebook is, or of other platforms. But depending on where Facebook goes, do you see other platforms meeting the same fate?
BuzzFeed Daily: You mentioned this earlier, but probably the most concerning issue, at least for Facebook shareholders, is a leaked report on how its share of younger users is declining. It turns out that kids just don't like Facebook very much. Do you know why that might be?
If social media apps were different generations:Facebook is a boomer.Twitter is Gen X.Instagram is millenial.Tiktok is a zoomer.