Current:Home > FinanceSurpassing Quant Think Tank Center|Facebook is making radical changes to keep up with TikTok -NextFrontier Finance
Surpassing Quant Think Tank Center|Facebook is making radical changes to keep up with TikTok
Indexbit View
Date:2025-04-08 17:13:12
Open Facebook or Surpassing Quant Think Tank CenterInstagram and you're going to see changes. Social apps that have been primarily defined by the friends and family you choose to connect with are being revamped to feature more posts, especially video, from influencers, celebrities, and random strangers that go viral.
If that sounds familiar, it's no accident. Facebook is racing to keep up with TikTok, the wildly popular upstart redefining how social media works.
"Everyone's eyes are glued to TikTok and the way it works right now," said Michael Sayman, a software engineer who has worked at Facebook, Google and Twitter on efforts to win over teenagers.
The short video app owned by China's ByteDance has surged to one billion users in just a few short years, minting dance trends and absurd challenges and fueling megaviral music hits like Lil Nas X's "Old Town Road," and the revivals of Fleetwood Mac's "Dreams" and Kate Bush's "Running Up That Hill."
Facebook is still by far the world's biggest social network, with almost 3 billion people logging on every month — and even more when you add in Instagram, also owned by Facebook parent Meta.
But under pressure from TikTok's success, the company that has been connecting people to their college classmates, friends, family, and others with shared interests for almost two decades is attempting to pivot to a new era of social media, where artificial intelligence-driven algorithms are increasingly shaping what users see.
Meta CEO Mark Zuckerberg described it as a "major shift" from a feed of posts determined by who you follow to one curated by new AI technology that he calls a "discovery engine."
Meta's quarterly earnings are likely to reveal a financial squeeze
Facebook parent Meta is facing existential threats. Its flagship social network lost daily users for the first time ever late last year. Its audience is aging. Younger people who used to flock to Instagram are now on TikTok. Sales growth is slowing and profits have dropped.
Meta plans to give its latest financial report on Wednesday. It's expected to show just how much competition, as well as global economic woes and the ongoing overhang of Apple's privacy changes, are squeezing its ad business.
Zuckerberg has warned about the rise of TikTok for years. He explicitly acknowledged the threat it poses in a call with investors in February, noting that "people have a lot of choices for how they want to spend their time, and apps like TikTok are growing very quickly."
Two years ago, Facebook introduced TikTok-like short videos called Reels, and has been pushing them heavily into users' feeds. In April, Zuckerberg said Reels accounted for a fifth of the time people spent on Instagram. (Many users have noted the Reels they see are often reposted TikTok videos.)
Now the company is going even further: overhauling the Facebook app to look and work more like TikTok's main For You page, which shows whatever the app's algorithm thinks you might like, no matter who made it.
Software engineer Sayman says the company has little choice but to emulate what he calls TikTok's "massive talent show."
"TikTok comes along and it's like, 'Who cares who you follow!'" he said.
Changes spark complaints from celebrity users
Already, Instagram's transformation is sparking backlash.
This week, celebrities Kim Kardashian and Kylie Jenner, who both have huge Instagram followings, reposted a meme on the app demanding, "Make Instagram Instagram again. Stop trying to be TikTok."
Facebook says posts from friends and family are still going to be prominently featured in its apps.
In a new video responding to users' concerns on Tuesday, Instagram head Adam Mosseri said the company isn't getting rid of what people love.
"But we're also gonna need to evolve, because the world is changing quickly, and we're gonna have to change along with it," he said.
Zuckerberg has been clear about his goal. He wants to squeeze as much money as he can from his company's existing apps, so it can build what he sees as the next big platform: the metaverse, where, he hopes, people will interact in virtual reality.
And making money means getting more people to spend more time on Facebook and Instagram, so they can sell more ads.
But not everyone is convinced this pivot will work.
"TikTok's got one fundamental thing that Facebook doesn't have," said Matt Navarra, a social media consultant and analyst. "TikTok is cool. And it's very hard to recreate cool."
Editor's note: Facebook parent Meta pays NPR to license NPR content.
veryGood! (244)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Man accused of trying to kill Trump wrote a book urging Iran to assassinate the ex-president
- Medicare Open Enrollment is only 1 month away. Here are 3 things all retirees should know.
- You'll Melt Watching Selena Gomez's Goddaughter Cheer Her on at the 2024 Emmys
- Senate begins final push to expand Social Security benefits for millions of people
- Krispy Kreme introduces fall-inspired doughnut collection: See the new flavors
- John Leguizamo celebrates diverse Emmy winners, nominees with emotional speech
- Chiefs show gap between them and other contenders is still quite large
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- The Coast Guard will hear from former OceanGate employees about the Titan implosion
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Worst teams in MLB history: Chicago White Sox nearing record for most losses
- Why did the Falcons draft Michael Penix Jr.? Looking back at bizarre 2024 NFL draft pick
- John Leguizamo celebrates diverse Emmy winners, nominees with emotional speech
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Microsoft solves 365 outage that left thousands unable to access email, Teams, other apps
- The Bear’s Jeremy Allen White Shares “Beautiful” Reaction to Liza Colón-Zayas’ Historic Emmys Win
- Will same policies yield a different response from campus leaders at the University of California?
Recommendation
Intel's stock did something it hasn't done since 2022
Ulta & Sephora Flash Sales: 50% Off Coola Setting Spray, Stila Eyeshadow, Osea Night Cream & $11.50 Deals
An 8-year-old Ohio girl drove an SUV on a solo Target run
Get $336 Worth of Tarte Makeup for $55 & More Deals on Top-Sellers Like Tarte Shape Tape & Amazonian Clay
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Emmys 2024: See Sofía Vergara, Dylan Mulvaney and More at Star-Studded After-Parties
Steve Gleason 'stable' after medical event during hurricane: What we know
Taylor Swift Attends Patrick Mahomes’ Birthday Bash After Chiefs Win