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RE: Facebook lost $90B in market cap this month, yet it's still 40% larger than the entire Cryptocurrency market cap
Which is why they acquired other companies that appeal to the non-facebook crowd. Nothing is too big to fail, but they've diversified. They really are the social media equivalent of Google or Amazon in terms of dominance in their respective fields, at least in the west. China and other emerging markets and their own social medias/commerce platforms are a whole other story. What's funny is how small, say, Amazon and its volume is compared to the Ali family of companies.
Don't forget that almost 1/6th of the population lives in China. That's why I did invest in Neo instead of Ethereum. (Not the only one, but one of the reasons)
But things are changing, within 2 months there will be a linkedin like application on the blockchain, where people are rewarded to share their business profile. It maybe not the big change but each small one, contributes to it!