The technology that defined the modern internet is changing, and Silicon Valley is finally admitting it.
- Tech leaders from Meta, Apple, and Google acknowledged in recent trials that their core products could lose relevance over time amid industry shifts.
- This admission follows data showing declining Facebook usage, a 25% forecasted drop in search queries by 2026, and consumers turning toward AI tools and new social apps.
- Meta has redirected resources toward Instagram Reels to compete with TikTok, while Apple and others invest in smart glasses that may reduce reliance on smartphones.
- Apple’s senior vice president Eddy Cue suggested during testimony that in a decade, owning an iPhone might no longer be necessary, indicating possible major changes in how devices are used over time.
- These developments suggest that tech giants face growing pressure to innovate as traditional products, like Facebook and iPhone, confront declining engagement and changing consumer behavior.
14 Articles
14 Articles
The technology that defined the modern internet is changing, and Silicon Valley is finally admitting it.
Analysis by Lisa Eadicicco, CNN People aren't adding each other as much on Facebook these days. The iPhone might not feel necessary in a decade. And Google searches on one of the world's most popular smartphones are declining. Those were among the unusually frank admissions from two different antitrust lawsuits against Meta and Google. It was a rare acknowledgment by tech leaders that the once-groundbreaking products their companies were founded…
The Giants of Silicon Valley Are Having a Midlife Crisis Over AI
(Wall Street Journal) – Apple, Facebook, Google and Tesla are all facing the ‘innovator’s dilemma’ at the same time Middle age hits hard—even for the Kings of Silicon Valley. One minute you’re upending established industries as the young disrupter. The next, you’re staring into the abyss, eating glass—as Elon Musk likes to say—watching the disruption at your door. Most, if not all, of the Magnificent Seven are in that position—weirdly trying at …
Google Search, Facebook and the iPhone may not last forever. And Silicon Valley is finally admitting it - Egypt Independent
People aren’t friending each other as much on Facebook these days. The iPhone might not feel necessary in a decade. And Google searches on one of the world’s most popular smartphones are declining.
Facebook's "cultural relevance is decreasing quickly"
Welcome to Internal Tech Emails: internal tech industry emails that surface in public records. 🔍 If you haven’t signed up, join 50,000+ others and get the newsletter:Subscribe nowMark Zuckerberg: The Facebook app's "cultural relevance is decreasing quickly"From: Mark ZuckerbergDate: Tuesday, April 26, 2022 at 10:40 PMTo: Chris Cox, Tom AlisonSubject: FB app visionWe’ve spent a lot of time recently on shifting resources from non-Reels/NF FB feat…
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