over 18 years, Facebook It has positioned itself as one of the most important social networks today. However, after nearly two decades of consistent success, the latest quarter saw a historic decline for the company. In total, there is talk of losses of up to 200 billion dollars.
As part of financial report For the most recent fiscal quarter, Meta has revealed that, for the first time in its history, there was a decline in users on Facebook worldwide. The number dropped from 1.93 billion to 1.929 million.. It has been mentioned that in North America alone, one million daily users were lost in the last three months of 2021.
That drop led to an overall drop in daily Facebook users around the world. A company representative confirmed that this is the first sequential decline in company history. With this, user growth on Facebook, Instagram and WhatsApp has been basically zero in recent quarterswhich makes the loss of the public have a greater effect than expected.
Although no clear explanation is offered for this decline, it has been pointed out that the lack of a young audience is the main reason for this decline and stagnation of users. On the other hand, it has been mentioned that Meta is a quite profitable company, with profits of $40 billion dollars last year. However, billions of dollars are also being poured into the creation of the metaverse, as well as VR and AR technologies.
While, on the one hand, a bright future is offered for virtual reality, this division lost $10.2 billion last year, and reported revenue of $2.3 billion. While the promise of a new Oculus Quest this year might fix this, nothing is a guarantee.
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Via: TheVerge