I do like the idea of stealing the most successful parts of the most successful social media machine, ie FB
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Steal with purpose, not just for copying. Understand FB's success and integrate unique elements that fit your brand.
Locally for me, that's all everyone uses. Facebook Marketplace, Groups, many contractors and businesses don't even have a website, they just have a Facebook page 🤦.
As much as it pains me, you definitely have to pay attention.
That said, how much of that is just network effects on an absolutely massive scale.