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Facebook is losing daily users for the first time ever, The fall of Meta?

Facebook is losing daily users for the first time ever, The fall of Meta?

Since the day Facebook has started, their user growth has always been going up without any pause, But this totally changed on Wednesday when they reported their first-ever quarterly decline of daily users globally, they also had a lower ad growth than what was expected, which also resulted in their stock totally going 20% down.

This huge stock drop instantly wiped out Basically, $200 billion in the market value of Meta, the parent company of Facebook. Well, we certainly know that changing the name didn’t work the way they thought it would. It isn’t distracting the investors from the problems in their entire business strategy in the social media industry.

That dropped to 1.929 billion daily users from 1.93 billion the previous quarter is a reflection of Facebook’s increasing lack of relevance with The upcoming generation. Facebook’s sister brand Instagram Is gaining Users though, but Instagram doesn’t happen to share its user numbers But daily users across all of the apps By meter did not go higher than 2.82 That means they just got an extra 10 million users from the third quarter which is not a substantial growth.

Meta as a company is still very profitable and they did make $40 billion in profit last year alone (Although mostly from advertisements, That number could possibly be dropping this year) But they are also losing a lot on reality labs, the division responsible for the Quest VR headset VR software, AR glasses, and other metaverse related initiatives, Meta has not disclosed the number of sales for the quest, although other third party estimates say that the number is somewhere around 10 million units.

Although the fall of Facebook doesn’t really surprise us as we expected it to, The growing irrelevance of Facebook Is resulting in their users migrating away from the platform to other social media platforms. Also, because of a lot of misinformation and Other issues on the platform people are now starting to move away which is also A reason for the decreasing market cap of Facebook and the social media industry.

Another issue is growing privacy concerns with the entirety of meta, Which is a big problem in itself. We don’t really see Meta growing In the future, although we could be very wrong.

Facebook is losing daily users for the first time ever, The fall of Meta?

Facebook is losing daily users for the first time ever, The fall of Meta?

Since the day Facebook has started, their user growth has always been going up without any pause, But this totally changed on Wednesday when they reported their first-ever quarterly decline of daily users globally, they also had a lower ad growth than what was expected, which also resulted in their stock totally going 20% down.

This huge stock drop instantly wiped out Basically, $200 billion in the market value of Meta, the parent company of Facebook. Well, we certainly know that changing the name didn’t work the way they thought it would. It isn’t distracting the investors from the problems in their entire business strategy in the social media industry.

That dropped to 1.929 billion daily users from 1.93 billion the previous quarter is a reflection of Facebook’s increasing lack of relevance with The upcoming generation. Facebook’s sister brand Instagram Is gaining Users though, but Instagram doesn’t happen to share its user numbers But daily users across all of the apps By meter did not go higher than 2.82 That means they just got an extra 10 million users from the third quarter which is not a substantial growth.

Meta as a company is still very profitable and they did make $40 billion in profit last year alone (Although mostly from advertisements, That number could possibly be dropping this year) But they are also losing a lot on reality labs, the division responsible for the Quest VR headset VR software, AR glasses, and other metaverse related initiatives, Meta has not disclosed the number of sales for the quest, although other third party estimates say that the number is somewhere around 10 million units.

Although the fall of Facebook doesn’t really surprise us as we expected it to, The growing irrelevance of Facebook Is resulting in their users migrating away from the platform to other social media platforms. Also, because of a lot of misinformation and Other issues on the platform people are now starting to move away which is also A reason for the decreasing market cap of Facebook and the social media industry.

Another issue is growing privacy concerns with the entirety of meta, Which is a big problem in itself. We don’t really see Meta growing In the future, although we could be very wrong.