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I think with WhatsApp and Instagram under its control, Meta still has quite a reach. Facebook might be (rapidly) declining, but I didn't hear young people swit
by martin_a 4y ago
I think with WhatsApp and Instagram under its control, Meta still has quite a reach.
Facebook might be (rapidly) declining, but I didn't hear young people switch to Signal/Telegram in masses, because their parents are also using WhatsApp.
Also: Yeah, there's TikTok, but I think Instagram is not dead yet for young(er) people.
- float4 4y ago> Facebook might be (rapidly) declining From Meta's Q3 earnings release[0]: > Facebook daily active users [...] were 1.98 billion on average for September 2022, an increase of 3% year-over-year. [0] https://investor.fb.com/financials/default.aspx https://investor.fb.com/financials/default.aspx
- martin_a 4y agoYes, those numbers look fine, but have a closer look. Check page 14, Monthly Active Users: They have slightly risen in the US, slightly decreased in Europe, strong growth in Asia and RoW. Compare that to page 15, Average Revenue per User: US around $49, EU $14, Asia $4.4, RoW is $3.2. Those numbers are also decreasing for the US and EU. So for each user you lose in the US or the EU, you'll need 3 to 10 new users in Asia, even more in the rest of the world, or you'll need to squeeze the existing users harder. They're at best stalling.
- someweirdperson 4y agoThey cannot grow much in any case. When half of the world's population is a facebook-user they could double at best. Doubling isn't the kind of growth expected from this kind of company, so they have to try crazy things like metaverse, or they would soon be valued like a utility.
- deleted 4y ago[deleted]