Having watched the downfall of MySpace, Orkut etc, I thought (hoped) same thing might happen to FaceBook. But now it feels like they are going to be around, for a long, long time. I don't know if anyone is even trying to take on them, Google seems to have given up on their social products. FB might not be fashionable anymore, people might even curse them, but they'll continue to use them at some level :( And they have enough money to keep buying other companies and stay at least somewhat relevant
It feels like only regulators can take on them, but that too is unlikely to happen, except some feeble attempts in Europe
Well, Facebook in some demographics is above ity peak. The company however was able to acquire Instagram and keep Snapshot in a niche. Will be interesting how much TikTok will takeover in attention time. But for now they have a money printing machine and a good foundation.
Europe unfortunately is too weak unless they convince the U.S.
