Runehq
Wednesday, June 29, 2022
  • Home
  • World
  • Lifestyle

    Trending Tags

    • Pandemic
  • Business
  • Entertainment
  • Sports
No Result
View All Result
  • Home
  • World
  • Lifestyle

    Trending Tags

    • Pandemic
  • Business
  • Entertainment
  • Sports
No Result
View All Result
Runehq
No Result
View All Result
Home Technology

The number of daily Facebook users is decreasing

Runehq by Runehq
February 5, 2022
in Technology
0
The number of daily Facebook users is decreasing
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Specifically, the number of daily users of Facebook reached 1.929 billion, down slightly from 1.93 billion users in the previous quarter (Q3 of 2021). In the 18 years of establishment and development, Facebook has always grown the number of daily users at a stable rate and has never recorded a quarterly decline.

The number of daily Facebook users is decreasing - photo 1

Mark Zuckerberg, CEO of Meta

Sharing about the financial results of the fourth quarter of 2021, Meta CEO Mark Zuckerberg said that the company’s sales were affected as users, especially young people, left Facebook to come to Facebook. with rival platforms like TikTok. From the perspective of independent experts, the fact that young users do not choose Facebook has shown that this social networking platform is gradually lacking in relevance for young people.

After the news of the aforementioned decrease, combined with factors such as fierce competition from rival platforms (YouTube, TikTok), customers cut advertising spending and Apple changed its privacy policy. On Wednesday, Meta’s stock fell 20%. As a result, Meta has “failed” about 200 billion USD. Meta CFO Dave Wehner said the changes will negatively affect advertising on Facebook and Instagram, which could “up to $10 billion” this year.

Meta’s financial reports show that total revenue, largely from advertising, increased to $33.67 billion in the last period, slightly higher than previous projections. However, the revenue forecast for the next period is only in the range of $27-29 billion, much lower than analysts’ expectations.

\n

While Meta has invested exclusively in video to compete with TikTok, which is owned by Chinese tech giant ByteDance, in reality the return is much lower than that of Facebook and Instagram feeds.

Expectations in metaverse, investors are skeptical

Zuckerberg acknowledged the rapid and sustainable growth of TikTok and said that competing directly with the platform is not the right direction. Instead, the CEO is determined that investing in video and virtual reality will pay off, as the company has previously bet on mobile ads and on Instagram’s stories feature.

However, investors have absolutely reason to worry about Meta for the time being. Meta changed its name because it wanted to focus on the metaverse virtual universe. However, in reality, Meta has not yet built its own metaverse and still has to continue to “make losses” for Reality Labs. In the fourth quarter of 2021 alone, Reality Labs lost $3.3 billion. Reality Labs is tasked with building Mark Zuckerberg’s vision of the metaverse.

Tags: dailyDave WehnerdecreasingFacebookfinancial reportInflationInstagramMark ZuckerbergMETAMetaverseNumberReality LabsTIKTOKusers
Previous Post

Chinese smartphone brand leads the Indian market

Next Post

Google’s new AI is capable of writing its own code

Runehq

Runehq

Related Posts

Apple acquires artificial intelligence startup AI Music
Technology

Apple acquires artificial intelligence startup AI Music

by Runehq
February 8, 2022
Another Israeli company attacks iPhone vulnerabilities
Technology

Another Israeli company attacks iPhone vulnerabilities

by Runehq
February 7, 2022
FBI used Google location data to investigate the case
Technology

FBI used Google location data to investigate the case

by Runehq
February 7, 2022
Digital USD is getting closer to reality
Technology

Digital USD is getting closer to reality

by Runehq
February 6, 2022
Amazon, Intel, Paypal worry about losing talent when refusing employees to work remotely
Technology

Amazon, Intel, Paypal worry about losing talent when refusing employees to work remotely

by Runehq
February 5, 2022
Next Post
Google's new AI is capable of writing its own code

Google's new AI is capable of writing its own code

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Games
  • Technology
  • World

Browse by Tags

AMD Apple billion Billion USD China Chip Facebook FREE game Gamer gamers games gaming Google Graphics card Intel introduces IOS iPhone launch launches League of Legends META Metaverse Microsoft million Mobile NEOWIN Nintendo Nvidia Player Pro PS5 Samsung series smartphone Sony Steam Store Switch Technology Vietnam Windows Xbox year

Categories

  • Games
  • Technology
  • World

Browse by Tag

AMD Apple billion Billion USD China Chip Facebook FREE game Gamer gamers games gaming Google Graphics card Intel introduces IOS iPhone launch launches League of Legends META Metaverse Microsoft million Mobile NEOWIN Nintendo Nvidia Player Pro PS5 Samsung series smartphone Sony Steam Store Switch Technology Vietnam Windows Xbox year

Recent Posts

  • Apple acquires artificial intelligence startup AI Music
  • Dungeon & Fighter mobile version coming to Korea on March 24
  • The manufacturer of Subway Surfers creates an exclusive game on Huawei AppGallery

© Runehq 2021. All Rights Reserved.

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Contact Us

© Runehq 2021. All Rights Reserved.