• Vipsu@lemmy.world
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    2 days ago

    This.

    What eventually kills these platforms is “death by thousand cuts”. Enshitification, controversies, legal problems will alienate users bit by bit. Competing services will then make some people visit less and less until they stop coming at all.

    These platforms are competing for peoples attention/time which is finite resource.

    • ddh@lemmy.sdf.org
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      2 days ago

      But in addition to what happened to Yahoo, Meta’s platforms also use the network effect to keep users. Once the tide turns and the network effect is stronger elsewhere the userbase may quickly evaporate, like what happened to MySpace.

    • Lost_My_Mind@lemmy.world
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      2 days ago

      Unless you’re myspace. Myspace was great, until facebook just suddenly existed, and took over. Felt like it went from never hearing of facebook in 2006, to 2007 myspace is basically dead.