If You Think That OG Facebook Is Dead, Think Again

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If you’re younger than 30, you probably think that OG Facebook is completely dead. This is a completely natural assessment given that Facebook isn’t all that popular with younger generations. But, while Facebook isn’t that popular with youngsters, Facebook has very much maintained its relevance with the people who originally used it. It’s just that those people have since gotten a lot older. In fact, nearly half of all Facebook users are above the age of 35, but while this has largely reduced Facebook’s notoriety, it hasn’t reduced their profitability by any means. Facebook is not only more profitable than ever but it’s still the most profitable social media platform by far with annual revenue exceeding $70 billion. For perspective, YouTube pulls in less than half that at $30 billion. More than generating a bunch of revenue, Facebook has become sort of a super social media app for the people who still use it as it supports everything from reels and regular posts to messaging and videos. This video explains how Facebook is still extremely economical and powerful and what that might mean about the longevity of social media platforms.

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Timestamps:
0:00Facebook
2:09Old Is Gold
5:43An Everything App
8:38A Social Evolution

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.