Can Social Media collapse with Facebook, Meta, and Twitter?

Social Media has been the fastest growing sector over the last few decades. Are the recent changes we are seeing a shift in our larger mindset?

Overview

Meta is one of the largest corporations in the social media and technology sector in the world today. Millions of people are using Meta to stay connected. However, the economic scenario in the world has been declining over the years and hence the downfall of Meta is also evident now more than before due to their declining profit. We have also seen a decline in the number of users of Meta due to increased competition from the other apps. Meta has also been decreasing its workforce and recently let go of 11,000 of its employees, which is one of the highest in the technology sector ever we have seen before.