FB is only huge because they've expanded all over the globe, even providing internet to developing nations to facilitate new user acquisition. In reality they've been bleeding the original Western users that signed up between '04-'10, and growth among new generations flatland a long time ago. There's a reason Meta aggressively expanded to other ventures (or attempt to create platforms) like Instagram, Threads, what's app, VR and metaverse. Metas only chance at sustainable growth and capturing young people is to build or buy platforms young people will use, because it ain't Facebook.
Are you arbitrarily adding conditions and moving the goalposts? I said FB is huge, and that is true. Your rebuttal “only because” really doesn’t change that, if anything it reinforces it. It also doesn’t change the fact that FB hasn’t been “killed” as originally postulated.
It's horizontal growth vs vertical. Growing by getting more coverage is growth but it's not sustainable growth that you get by getting the next generation into it.
If it's just the Boomers, it's dead, why the fuck would companies want to market to people with lots of disposable income and nothing to do all day?????
This might surprise you to learn, but boomers are, in fact, people. They might not be the driving force behind the parts of the digital economy you care about, but they still count. They still make money for the services they use.
I stopped using Facebook long ago, but that doesn't really matter. I'm not really their target demographic anymore. I expect neither are you. I know people who use Facebook regularly for one reason or another. I don't think that use looks much at all like it did in 2007, but they're still using it.
I know very few people that use Facebook, mostly for groups or market if they are. Compare that to a time where everyone was on Facebook, Facebook is dead.