The first time it ever declined.
Comment on [deleted]
meowmeow@quokk.au 3 weeks ago
3.58 to 3.56 is not loss.
starik@lemmy.zip 3 weeks ago
deegeese@sopuli.xyz 3 weeks ago
They’re losing rich country users faster that they’re picking up developing country users of lower ARPU.
Therefore expect revenue to decline, at the same time they’re spending buckets chasing AI as the next pivot.
They spent $billions on the last pivot and even renamed the company after it, but all their spending on the metaverse amounted to 💩
meowmeow@quokk.au 3 weeks ago
And yet they still have lots of money and users. I want them to disappear as much as the average Lemmy user, but let’s not delude ourselves.
Jambalaya@lemmy.zip 3 weeks ago
20 million is still a big number
meowmeow@quokk.au 3 weeks ago
You’re not wrong, but these people didn’t close their account manually. They’ll be back.
fartsparkles@lemmy.world 3 weeks ago
They had previously been growing around 40 million to 60 million active users a quarter.
With this first quarter of minus 20 million active users, it very well could indicate that the Facebook growth engine is over.
Ultimately we’ll need to see how the next few Qs work out.