Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Facebook loses users for the first time EVER: Shares plummet 20%, wiping $200BN off value of parent-firm Meta after it revealed 500,000 fewer daily log-ins and declining profits - Zuckerberg's personal wealth takes $29BN hit
Daily Mail (U.K.) ^ | February 3, 2022 | Natasha Anderson

Posted on 02/03/2022 1:38:44 AM PST by Cecily

Facebook lost daily users for the first time in its 18-year history which CEO Mark Zuckerberg believes was caused by the TikTok boom.

'People have a lot of choices for how they want to spend their time, and apps like TikTok are growing very quickly,' Zuckerberg said during an earnings call Wednesday, according to the Washington Post.

Facebook reported a drop of nearly 500,000 in daily logins during the last three months of 2021. Zuckerberg reiterated that Meta - the company that owns Facebook, Instagram and WhatsApp - is pushing hard to develop its short-form video Reels in an effort to compete with TikTok.

'This is why our focus on Reels is so important over the long term,' he added.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: andagain
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-100 next last

1 posted on 02/03/2022 1:38:44 AM PST by Cecily
[ Post Reply | Private Reply | View Replies]

To: Cecily

I left FB years ago

2 posted on 02/03/2022 1:42:51 AM PST by martin_fierro (< |:)~)
[ Post Reply | Private Reply | To 1 | View Replies]

To: martin_fierro

The whole thing is a joke. I’m genuinely surprised that companies would have any interest in advertising on a platform that has so little transparency about its users.


3 posted on 02/03/2022 1:46:11 AM PST by Alberta's Child ("Mr. Potato Head ... Mr. Potato Head! Back doors are not secrets.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: martin_fierro

I thought there were already reels on Instagram. I think they are only in very short segments, though. Maybe the Tik Tok videos last longer.


4 posted on 02/03/2022 1:46:31 AM PST by Cecily
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cecily

I hope Twitter and Tiktok are next.


5 posted on 02/03/2022 1:47:03 AM PST by Houserino
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

With Parler and Trump’s new social media, who needs Facebook?


6 posted on 02/03/2022 1:48:36 AM PST by Paperpusher
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

If I had Zuckerberg’s money and he had feathers in his @ss, we would both be tickled.


7 posted on 02/03/2022 1:51:07 AM PST by Beagle8U ("Per DNC instructions...Joy Reid is busy packing marbles up her @$$.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

Go woke, go broke.


8 posted on 02/03/2022 2:04:11 AM PST by outpostinmass2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

The internet was the wild west when it first started. Zuckerberg and ilk took advantage and started platforms that became successful.Then they decided to restrict content. Great if you are a woke liberal and not so great if you aren’t. Since nothing is being done to break up monopolies they have free rein to destroy any competition. When the only game being played is soccer, many of us are choosing to hit the off button.


9 posted on 02/03/2022 2:04:21 AM PST by Starstruck ( Living life, Binge watching re-runs of actual history.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily
Many users are fake. Either bots or several accounts for one person.

A person might open an account. If he's in a band, a separate account for the band, or even for each record. If they're playing at a festival, that has its own account.

A politician might have a personal account, a family account, a VoteSmith16 account, then a Vote Smith18 account, then a VoteSmith20 account, etc.

Every ballot proposition, anywhere in the world, has at least two accounts, for and against. Political parties have accounts. Government offices and departments. And businesses, activist groups, every local cell of an activist group, every local branch of a political party, etc.

This means that X billion accounts doesn't mean X billion actual users.

Adding to the fakeness, dormant accounts are included in stats. Once an election, or music festival is over, or a business is closed, or a school class is no longer taught, or a local sport team disbands, its account remains up.

Of course, accounts, real and fake, are constantly deplatformed. But then new bot accounts crop up.

10 posted on 02/03/2022 2:05:05 AM PST by Angelino97
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

Wrong.

They have been losing users for a while now. I know a few people who quit them quite a while ago.


11 posted on 02/03/2022 2:05:18 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith….)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Paperpusher
With Parler and Trump’s new social media, who needs Facebook?

Parlor, apparently. Parlor has a Facebook account. And a Twitter page.

12 posted on 02/03/2022 2:07:04 AM PST by Angelino97
[ Post Reply | Private Reply | To 6 | View Replies]

To: martin_fierro

I left face book,I got tired of being chastised by snot nosed latte drinking little jerks over true statements. Liberals insulted and lied with impunity. Face book makes money off me, I don’t make money off them. So bye bye.


13 posted on 02/03/2022 2:11:10 AM PST by carcraft (Pray for our Country)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cecily

$29 Billion. Dont care who you are, that has to sting!


14 posted on 02/03/2022 2:21:03 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dreams)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

‘This is why our focus on Reels is so important over the long term,’ he added.

Reels? Did Biden choose that name? Might as well have called it “talkies”.


15 posted on 02/03/2022 2:25:06 AM PST by Flick Lives (The CDC. Brought to you by Pfizer.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

Anyone who uses Fbook is an aider and abetter of those who want to destroy our traditional American freedoms and values.


16 posted on 02/03/2022 2:27:37 AM PST by BiglyCommentary
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

this comment regarding aluminum welding just got me banned for a week... a dispute form was filed on it but all ive heard back is cricketers. morons...

I’m gonna beat him up to go mig!! Tig takes too long translated to expensive!! Lol... I’m cheap!!!


17 posted on 02/03/2022 2:30:20 AM PST by sit-rep ( )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

If you go back into 2020, you could see younger ‘users’ flipping over to TikTok, and making less use out of Facebook. Same story for WhatsApp users...exiting Facebook as well.

This movement to Meta? It’s the belief that this fantasy-digital world will regather ‘customers/clients’ back to Facebook. There’s little facts to support this belief, and I think by the time you end the 2024 election cycle....there will be enough public anger with the Facebook/Meta community to dissolve another quarter of their business. It’s heading eventually to the MySpace ‘world’.


18 posted on 02/03/2022 2:36:22 AM PST by pepsionice
[ Post Reply | Private Reply | To 4 | View Replies]

To: Cecily

I hope FB goes the way of Blockbusters.


19 posted on 02/03/2022 2:37:15 AM PST by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cecily

It sure takes a long time for people to understand nothing is free. I never had a facebook or twitter account and never will. I saw them for what they were decades ago. They are worthless tools that just collect data on you all day long.

But, that is why we call them useful idiots.


20 posted on 02/03/2022 2:38:54 AM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-100 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson