Re: Facebook is finished
I'm going to disagree - unfortunately, getting hard data on session statistics and bandwidth usage to back this up is hard. The best I have is the following (I don't know where the data is sourced from so it may be questionable) but it shows all of the key social metrics (number of users, time spent per session, number of sessions) increasing:
https://zephoria.com/top-15-valuable-facebook-statistics/
As long as Facebook provides a way of sharing content with friends, particularly content that is normally "paid for" such as sporting events or music where the value is very time dependent, they will have a platform for selling advertising and consumer profiling along with it.
I thought Snapchat may have been taking this market from Facebook amongst younger users, but even Snapchat have realised that the limited lifetime of content results in losing things people may want to view again in the future. And the young are continuing to use Facebook because of this.
Biting the hand that feeds IT
