As social media companies seek to expand, or even maintain, their market position, they will likely develop their platforms to integrate into more areas of our daily lives and activities. We already see glimpses of this expansion. With the rise of the metaverse, social interactions may evolve from flat, screen-based engagements to immersive, three-dimensional shared experiences, potentially redefining the very essence of online community. As platforms like WeChat, and now X (formerly known as Twitter) move into the financial sector, social media may transform from mere communication tools to comprehensive hubs for transactions, payments, and commerce.
Topics of conversation might include: Are there benefits to having social media platforms act as all-encompassing ecosystems that centralize various sectors of our lives like communication, culture, finance, commerce, and healthcare? Are there ethical concerns? How might regulatory bodies address the aggressive expansion strategies of social media giants, especially when they start to monopolize additional areas of daily life?