It was all bullshit of course, but people did believe it, myself included. Just 15 years ago the outlook of social media was much more optimistic.
Imagine an alternate universe where, since you were paying them, they kept you safe and secure online, and kept the bad actors away.
sure, people would have been able to cancel their monthly facebook subscriptions if they didn't like that stuff. but we can effectively do that now just by not using it.
Those who forget Usenet are doomed to repeat it, I suppose.
> It was all bullshit of course
Or, more likely, what was dreamed of ended up being incorrect. Like we learn every time we try social media, people don't actually want to be social online. That takes work and the vast majority of people don't want to spend their free time doing work. They want to sit back, relax, and be entertained by the professionals.
As before, businesses can only survive if they give others exactly what they want, which doesn't necessarily overlap with what is good for them. A fast food burger isn't good for you, but it is a good business to be in because it is something many people want. Arguably small communities like HN with exceptionally motivated people can make it work to some extent, but that is not something that captures the masses.
It's not coincidence that those who tried to make a go of social media ~15 years ago have all turned into what are little more than TV channels with a small mix of newspaper instead. That is where the want is actually found at the moment. Social media didn't work in the 1980s, the 2010s, and it won't work in the 2080s either. It's is not something that appeals to humans (generally speaking).
That's not it at all. Facebook shifted because they wanted you to spend more time on their website and serve you more ads. And once you've seen all your posts from your friends you'd be done and close facebook.
Which is why the posts from the friends are now completely gone, replaced by… stuff.