An Interest In:
Web News this Week
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
- April 6, 2024
February 3, 2022 02:01 pm
Original Link: https://tech.slashdot.org/story/22/02/03/0910236/facebook-lost-daily-users-for-the-first-time-ever-last-quarter?utm_source=rss1.0mainlinkanon&utm_medi
Facebook Lost Daily Users for the First Time Ever Last Quarter
Since its inception, Facebook's user growth has essentially been up and to the right. But on Wednesday, it reported its first-ever quarterly decline of daily users globally, along with lower-than-expected ad growth that sent its stock plunging roughly 20 percent. From a report: The massive stock drop, which instantly wiped out roughly $200 billion in market value, shows that Facebook's corporate rebrand to Meta isn't enough to distract investors from the problems in its core business of social media. Not only was user growth across Facebook, Instagram, and WhatsApp essentially flat last quarter, but the main Facebook app lost 1 million daily users in North America, where it makes the most money through advertising. That drop led to an overall decrease in daily users of Facebook globally, which a company spokesperson confirmed is the first sequential decline in the company's history. That drop to 1.929 billion daily users from 1.93 billion the prior quarter is likely a reflection of Facebook's increasing lack of relevance with young people.Read more of this story at Slashdot.
Original Link: https://tech.slashdot.org/story/22/02/03/0910236/facebook-lost-daily-users-for-the-first-time-ever-last-quarter?utm_source=rss1.0mainlinkanon&utm_medi
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot