The history of social media in 5 waves:

1st wave: Focus on protocols. Examples: Email, finger, Usenet, BBS, listserv, IRC

2nd wave: Focus on web. Examples: Classmates.com, LiveJournal, Habbo, Friendster

3rd wave: Focus on browser-based apps. Examples: MySpace, Facebook, YouTube, Flickr, Reddit

4th wave: Focus on mobile apps. Examples: Twitter, Instagram, Snapchat, TikTok

5th wave: Focus on decentralization. Examples: Mastodon, Bluesky, Matrix, Pixelfed, PeerTube

Wave 4 of social media is already 17 years old. That was when Twitter initially came online.

Interestingly, Twitter was established before the smartphone went mainstream.

It was 140 characters because it had to be carried through SMS, and SMS had a limitation of 160 characters.

And the service wasn’t easy to use at first.

Obviously, all waves of social media were accompanied by big leaps forward in Internet technology.

Wave 1: Internet
Wave 2: HTTP
Wave 3: AJAX
Wave 4: Mobile
Wave 5: Self-hosting

It’s my belief that the “appification” of client-server software combined with inexpensive hosting will be a game changer.

Self-hosting obviously has bigger ramifications beyond social media.

Here's examples of self-hosted services that are downright revolutionary:

1. Nextcloud - File hosting
2. Etherpad - Notes
3. Moodle - Learning
4. Gitea - Coding
5. Collabora - Office

Not only is this software you can host yourself, it is getting less expensive and easier to use!

Beyond social media, what are the practical reasons people will want to self-host instead of pay for SaaS? Here's some reasons:

1. Most people own multiple devices. Client-server software makes managing content easier

2. Self-hosting is cheaper than SaaS -- especially when devices like the Raspberry Pi are involved.

3. Ownership of data. When you self-host, it's with the assurance that your data is truly your data.

But what happens when you add decentralization into the mix?

Mastodon is obviously the most famous example of ActivityPub integration.

But what's just as exciting to me is that WordPress, Nextcloud and Gitea are working towards including ActivityPub into their apps.

Certainly, both apps are already collaborative in nature. But once ActivityPub is turned on, they become decentralized *social media*.

That's the real revolution right there.

The possibilities for decentralized social media are endless. Imagine ActivityPub integration with self-hosted:

1. Calendar
2. Presentations
3. Project management
4. Wikis
5. Games

The Internet has now become exciting again!

The move to decentralization and self-hosting is going to kill a lot of big companies.

This always happens when there's a big shift in technology.

For example, Kodak couldn't survive the shift to digital cameras.

Sun Microsystems couldn't survive the shift to LAMP stacks.

Nokia couldn't survive the shift to smartphones.

The same will happen during this next technological shift. The first casualty will probably be Twitter -- but I suspect Meta won't be able to survive either.

I point out Kodak, Sun, and Nokia because they all have stuff in common: they were killed by a technology they pioneered.

* Kodak invented digital cameras
* Sun Microsystems pioneered web apps with Java applets
* Nokia released Communicator 9000 in 1996 -- one of the first smartphones ever

Each of these companies saw the future but they could not adapt.

Now what I find fascinating about Wave 5 of social media (decentralization) is that Twitter saw it coming.

Bluesky was spun out from Twitter in 2019.

In fact, Bluesky's first (maybe current?) CTO was Parag Agrawal -- who later became Twitter's CEO prior to Elon Musk's acquisition.

Nevertheless -- just like Kodak, Sun, and Nokia before it -- Twitter will not survive the next technology shift.

Why is this?

@atomicpoet If you think about it, they also were first or nearly so to shareable social vertical video - Vine - that they then shut down.... only to see TikTok explode with the same core offering shortly after....

@tchambers @atomicpoet Which in hindsight was a move that's beyond stupid.

Had they not done that, and had Vine achieved the success that TikTok did, I'd say it's likely that Elon would not be running the place today.

@ajsadauskas @tchambers @atomicpoet that's debatable, the sellout to Musk wasn't sure to Twitter not being successful enough, but to Elon making a joke overblown offer that was taken seriously

@oblomov @tchambers @atomicpoet Twitter claims 368 million monthly active users worldwide, TikTok has over 1 billion.

Let's assume Vine and Twitter would have shared a common advertising back end, and assuming Vine would have had a more mature advertising offering.

That would have meant Twitter/Vine would have had substantially higher revenues, and potentially been profitable for more years over the past decade than it was.

That would have meant a higher share price and market cap.

That translates to Elon needing to name a much higher price to buy it out.