I think it's foolhardy of these companies to think that they are too big to fail. They aren't the banks. The world's money does not depend on them. They won't get bailed out by the federal government. If and when they come crashing down it will be because they were too full of themselves. Blockchain will be the achilles heel for current social media giants. YouTube and Facebook have already started their descent.
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I totally agree and personally believe that this is exactly what is happening already. Surely Myspace was not the last social network to die