To quit or not to quit

Before I get to do I wanna know more. Like 1, did ya build a product for 2 years ontop of facebook? if yes, you knew this going in, and you had no alt network strategy? 2, if the concept is tangent to fb the its a race to users and then happiness, when I use you, I feel so damn happy, thats a hard model to live on, eventually you die or get acqu-hired, 3, find the other 3 startups the get killed when this happens as well, theres other people, are you further along, sell and get acquired, or merge and kick ass, or watch and see what happens, maybe fb will eat them and not you, 4, analyze the crap outa what they do marketing/product/happiness wise and try to be ahead of it, 5, make sure your tech has a meatier moat even if its purely perception, ideally you back it up with more than that. Overall yer not dead yet.

Focus on sub niche and make your product best for them, the big problem top companies have they make product general enough to have big market size for making billions while we can be happy with millions

Your idea is validated by facebook!!!!

My first supervisor had similar problem - his idea was in progress when big IT company released very close product for free. He decided to quit while code was ready in about 50%. Also when he was doing the project, he found many contacts that were possible clients for his new starting company but not exactly interested in the product.

Keep going! But try to add something unique abd useful that Facebook doesn't have. Find Loopholes in Facebook's product and act on it. And try to finish your product as soon as possible.

This only shows you're doing the right thing. All you need to do is to find your own market. There's always a playing ground for everyone 😉

Definitely keep going, big tech doesn't always win. As an entrepreneur you have the gift of independence. You can try things out without risking your reputation, don't have to absolutely create "the next big thing" and are able to communicate with your target group more directly (and friendly). Worst case, if you're doing a good job, Facebook (or a competitor) buys you up.

Take time to build , do testing, get some reviews and fix flaws and bugs and then Launch. There are loads of people with copy cat ideas but don't understand what user want.

I was building a social media application for missionaries to connect with their supporters back in the US. Then Facebook came out and made it possible with more features than I had imagined. I gave up because I couldn't compete, but I didn't understand the power of niches back then. Probably should have stuck with it.

Not many audience Like FB, you are right....