Facebook lost daily users for the first time ever last quarter
"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. "
https://www.theverge.com/2022/2/2/22914970/facebook-app-loses-daily-users-first-time-earnings
This giant is going to have a very very long and slow fall, but I can't help but feel like it is mostly a question of when and not if.
#facebook
"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. "
https://www.theverge.com/2022/2/2/22914970/facebook-app-loses-daily-users-first-time-earnings
This giant is going to have a very very long and slow fall, but I can't help but feel like it is mostly a question of when and not if.
Facebook loses daily users for first time as stock sinks
A metaverse pivot isn’t going to fix the social network’s problem: declining user and ad growth.Alex Heath (The Verge)