Profit is limited to a very small percent of user. There is no distribution of profits to members.
It focuses on the amount of content, not the quality, and supports influencers just having a lot of followers, even if their content is worthless.
Politicized censorship of members' content. Banning accounts without compelling reasons.
It has reached peak growth and can't stay like this for long It's over.
They take your data and sell it. Social media monopolies share user data with other advertiser companies for an economic benefit. These companies look to target users based on extremely tight and specific parameters. Users leave a fairly detailed data trail (knowingly or unknowingly) while creating their social media accounts, especially on Facebook. Every user behavior is tracked and saved by the company under the garb of improving user experience. In most cases, the user experience is improved, but only until the point where their data is sold to companies who use it for their benefit.
One of the most common criminal ways to gain access, perpetrators either pose as official employees of the platforms or use a fake website to trick people into believing that there is an issue with their account or something else. These poor souls, believing they are conversing with a social media platform representative, hand over their credentials, allowing the fraudsters to access their personal information. In Q1 2020 alone, the social media agency detected 3,733 unique Facebook phishing URLs, while total phishing emails impersonating Facebook were much higher.
Disguising worms or other computer viruses, users download the file believing they will view an image but are taken to another website that can infect their computer. Once infected, the attackers can access all the user’s activities, including keystrokes and, thereby, their login credentials of social media accounts. They are then free to do whatever they please, including spreading the malware further.
Draconian in their operations, social media platforms can censor and even delete user activities and suppress their voice. They selectively let posts go through their filter that meets their agenda and stop that is against their interests.