Search
Close this search box.
Search
Close this search box.

Facebook Loses Users for the First Time in 17 Years


Facebook has been involved in a number of disputes in recent years. However, the user base of the company, which was just brought under new parent Meta, is declining. This is the first time in Facebook’s 17-year history that the number of users has actually decreased.

In the fourth quarter of 2021, Facebook lost approximately half a million global daily users, according to a quarterly analysis provided by Meta. Though the figure isn’t particularly impressive when compared to the company’s current user base of 1.93 billion, it marks the company’s first low point. It also owns the instant messaging service WhatsApp and the photo-sharing app Instagram.

According to The Verge, the biggest drop in daily active users (about 1 million) occurred in North America, which is also where it makes the most money from advertising. User growth was “basically flat” across other Meta apps like WhatsApp and Instagram, according to the research.

Meta’s quarterly report on Wednesday also showed dramatically rising costs but a dismal revenue outlook, frightening investors and slashing the company’s valuation by about $200 billion.

In after-hours trading, Meta’s stock dropped 22.9 percent to $249.05. Meta is putting a lot of money into its far-future “metaverse” project. It’s like the internet has come to life, or at least been rendered in 3D. It’s a “virtual environment,” according to Meta CEO Mark Zuckerberg, where you can immerse yourself rather than merely staring at a screen. Virtual reality headsets, augmented reality glasses, smartphone apps, and other gadgets might theoretically be used to meet, work, and play in the metaverse.

However, it is unlikely to be inexpensive to construct. In 2021, Meta invested more than $10 billion in its Reality Labs sector, which comprises virtual reality headsets and augmented reality technology, resulting in a profit decrease for the quarter.

Another issue is Apple’s recent privacy rules, which have made it more difficult for Meta to follow users for advertising purposes, putting the company’s revenue under strain. Meta has been warning investors for months that its revenue can’t keep growing at the same fast speed it has been.

Because he believes the metaverse will be a large part of the digital economy, Zuckerberg is wagering that it will be the next generation of the internet. In the future years, he expects people to start thinking about Meta as a “metaverse firm,” rather than a social network corporation.

For the time being, though, the metaverse is simply an amorphous concept conceived – and named – by science fiction novelist Neal Stephenson three decades ago. It’s unclear whether it’ll be the next version of human-computer connection, as Zuckerberg envisions it, or just another techie and gamer playground.

Apart from this, you can also read EntertainmentTech, and Health-related articles here: Harnaaz Sandhu Net WorthSmallPDFDramacoolSquid Game Season 2Joe Biden net worthCrackstreamThe Matrix 4GokuKung Fu Panda 4Leonardo DiCaprio net worthDiabolik Lovers Season 3Twitch Error 2000Alyson HanniganBrent Rivera net worthEmma Watson net worth444 angel number666 angel number1616 angel number777 angel number333 angel numberDave Portnoy net worthMessi net worthKeanu Reeves net worthThe Equalizer 3The 100 Season 8Gina Carano net worthBruno Mars net worthKissAnimeJim Carrey net worthPDF DriveYoutbeBailey Sarian Net WorthBollyshareAfdahMoviezwapY8JalshamoviezProject Free TVKissasianMangagoJio RockersM4uHDHip dipsM4ufreeNBAstreams XYZCCleaner Browser reviewAvocado CaloriesBear Grylls net worthHighest Paid CEOThe 100 season 8Sundar Pichai net worthGrimes net worth, and, F95Zone.


Subscribe to Our Newsletter

Related Articles

Top Trending

Europe Fastest Warming Continent Deadly Heat
Europe's Deadly Heat: Continent Warming Faster Than Rest of World
Century Old Shark Species At RIsk
Centuries-Old "Wildly Different" Shark at Risk of Disappearing
unblocked games 67
How to Play Unblocked Games 67 Without Blocking Your Network [Gamer's Review]
LiL Baby Net Worth 2024
Lil Baby Net Worth 2024: A Comprehensive Look At The Rapper's Financial Success
F95zone
F95Zone: A Hub for Adult Games, Comics, and Community Interaction in 2024

LIFESTYLE

Most Expensive Handbags for Women in the World
Elegance Redefined: 10 Most Expensive Handbags for Women in the World
Gift Ideas for Men
10 Thoughtful and Unique Gift Ideas for Men Who Have Everything
pohela boishakh 2024
Pohela Boishakh: Celebrating Bengali Culture and Heritage Festivities
Korean Beauty Secrets
10 Korean Beauty Secrets for Youthful Energy: Stay Young & Vibrant
Ancient Philosophers Guide to Happiness
Unlocking Happiness: Timeless Lessons from Ancient Philosophers

Entertainment

LiL Baby Net Worth 2024
Lil Baby Net Worth 2024: A Comprehensive Look At The Rapper's Financial Success
The 1982 Movie Poltergeist Used Real Skeletons As - Tymoff
The 1982 Movie Poltergeist Used Real Skeletons As - Tymoff
Mult34
The World of Mult34 for Hentai Manga, and Adult Cartoons [User Review]
Are Kenzo and Carmen Still Together
Are Kenzo and Carmen Still Together? A Look At Their Post Love Island USA Relationship
Skai Jackson Mom
Meet Skai Jackson's Mom: Kiya Cole - The Woman Behind The Star Actress's Success

GAMING

unblocked games 67
How to Play Unblocked Games 67 Without Blocking Your Network [Gamer's Review]
F95zone
F95Zone: A Hub for Adult Games, Comics, and Community Interaction in 2024
Jojoy Minecraft
My Experience With Jojoy Minecraft in 2024 [Image Guide and Tips]
Mobile Sports Betting Apps in the US
The Surge of Mobile Sports Betting Apps in the US, Benefits and Drawbacks
Pokemon Go Updates Avatars Maps Photos
Pokemon Go Update: New Changes to Avatars, Map, Photos & More

BUSINESS

World Richest Families
Power and Wealth: Top 10 World's Richest Families in 2024
Optimize Sales and Improve Employee Morale
How To Optimize Sales and Improve Employee Morale in Your Business
netflix profit boost password sharing crackdown
Netflix's Profits Soar Amid Password Sharing Crackdown
Elon Musk's Fascination with OpenAI
Elon Musk Calls Off India Trip Due to Tesla's Challenges in the US
Nurys Cooley
The Empowering Work of Nurys Cooley: A Trailblazer for Women's Rights

TECHNOLOGY

OpenAI
OpenAI Expands to India: Welcomes Pragya Misra as First Employee
OpenAI Responds Elon Musk Revisionist
OpenAI Responds to Elon Musk's 'Revisionist History' Accusations
Files Over Miles
Files Over Miles Shutting Down: A Guide To Choosing The Right Alternative in 2024
tesla self driving technology launch in china
Elon Musk Announces Tesla's Self-Driving Tech Launch in China
Mark Zuckerberg launches Meta New AI
Mark Zuckerberg Launches Meta's New AI: Discover the Latest Features!

HEALTH

Intermittent Fasting
Unlocking the Power of Intermittent Fasting: Expert Tips Revealed
disease x
Disease X: Scientists Predict Virus Could Spark Next Global Pandemic
A Comprehensive Experience with Dr. Aravind Bhateja
A Comprehensive Experience at Sparsh Hospital in Bangalore with Dr. Aravind Bhateja
why veterans choose Out of Town Rehab
Finding Freedom: Why Veterans Should Opt for Out-of-Town Rehab?
Rock Hudson Last Days
Rock Hudson's Last Days: The Untold Story of His Final Moments