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> No evidence they are dying. All we have is a single quarter's result i.e. statistically meaningless. But their first down quarter (for users) does say someth
by ARandomerDude 4y ago
> No evidence they are dying. All we have is a single quarter's result i.e. statistically meaningless.
But their first down quarter (for users) does say something. No one would be talking about this if it hadn't happened.
- threeseed 4y agoIt's a quarter where we are seeing an inflation explosion, COVID and international uncertainty which is causing recessionary behaviour. Companies across the IT sector are cutting jobs and revising forecasts either because of actual or expected drop in revenue. Can't think anyone serious would look to derive any meaning from a single data point in this environment. For all we know the entire DAU drop could be from Ukraine and Russia alone.
- ARandomerDude 4y ago> inflation explosion, COVID and international uncertainty...recessionary behaviour...cutting jobs and revising forecasts...drop in revenue. Literally none of these things account for people not logging in to FB. In fact, some (all?) of those sound like the sorts of things that would drive engagement among millions of bored and frustrated people.
- threeseed 4y agoInflation = less purchasing power = less effective discretionary income. That means less to spend on new phones, data plans etc. And more time spent at work.
- jorams 4y ago> For all we know the entire DAU drop could be from Ukraine and Russia alone. The DAU drop happened before the war, in the quarter up to December 2021.