The key point here is that TikTok is now beating all the US social networks.
This may be the beginning of the end for what Silicon Valley calls "tech", but is just ads with social content. Peak Facebook was in Q2 2021.[1] Instagram is losing to TikTok.
(If you think the "metaverse" is going to be important in the social space, check out what's happening in China in that area. While the US has been distracted by the NFT clown car and Facebook's rather pathetic efforts, companies in China are actually building it.)
This may be the beginning of the end for what Silicon Valley calls "tech", but is just ads with social content. Peak Facebook was in Q2 2021.[1] Instagram is losing to TikTok.
(If you think the "metaverse" is going to be important in the social space, check out what's happening in China in that area. While the US has been distracted by the NFT clown car and Facebook's rather pathetic efforts, companies in China are actually building it.)
[1] https://www.nextbigfuture.com/2022/02/peak-facebook.html