Remember when social media used to be fun? Now, it’s causing political scandals, giving everyone “social media envy,” and given a platform to some of the most caustic voices on the internet. It’s even been used to start trade wars.
All this bad mojo has made investors think twice, too. Last week both Facebook and Twitter both saw their stocks drop 20 per cent, shaving almost $120 billion off of Facebook’s value alone.
Could social media finally be wearing out its welcome? It may seem unthinkable, but it’s clear change is in the wind. Gulf News’ Deputy Guides Editor Yousra Zaki and Senior Business Reporter Siddesh Mayenkar join on the show to talk about social media’s future.