facebook twitter

Why Facebook Has Been Failing

facebook stock price has fallen by over,50,in only seven months what's going on,well let's begin by looking at the day,on which this price decline began the,second of february 2022 when the parent,company of facebook and instagram lost,230 billion dollars of value in less,than 24 hours just to give you an idea,about how much money 230 billion dollars,is the total gdp of new zealand being,the value of every single product or,service produced by the entire country,for the whole year was only 210 billion,which is less than what facebook lost in,a day so what went wrong on this fateful,day in february when meta set the record,for the highest one-day value decline in,stock market history to put it simply,this was the day on which facebook,revealed to the public that both their,site usage and revenue has been,declining shown on screen is a graph,displaying the amount of daily active,facebook users over the last 10 years,for every quarter besides the first,three months of the pandemic growth in,the facebook user base was almost,strangely consistent however if we take,a look at late 2021 for the first time,in the website's history user growth,flattened off substantially when looking,at the graph for monthly facebook users,as opposed to daily facebook users the,data is similar only 0.1 growth from,october to january 0.8 from january to,april and then even a decline of 0.07,percent from april to july surprisingly,or perhaps unsurprisingly instagram,follows a similar trend to facebook,nothing but growth from 2015 until 2021,at which point stagnation hits why well,the first reason behind facebook and,instagram's user growth stagnation is,somewhat of an impressive problem,they're battling with human population,limits and have run out of new countries,to expand into of the 8 billion people,on earth 3 billion log into facebook at,least once a month leaving 5 billion,people that don't use the service,regularly of these 5 billion remaining,1.7 billion living countries such as,china iran and russia where facebook and,instagram have been banned by the,government leaving only 3.3 billion who,aren't using the service according to an,article written by the new york times,another 3 billion do not use the,internet at home or on their phones and,in some of the world's most populated,countries including pakistan bangladesh,and nigeria a majority of people are not,online if you then factor in another 15,of the global population who are under,the age of 10 making them too young to,use social media at all then pile on the,hordes of people who have made a,deliberate effort to boycott social,media altogether facebook and,instagram's problem becomes obvious,they're running out of humans in an,article written by time titled inside,facebook's plan to wire the world it,explains how zuckerberg is working to,literally provide the entire third world,with the internet because it's now the,only way that meta can reach new people,connecting the entire world wouldn't,actually literally be possible unless,everybody in the world were on the,internet so zuckerberg has decided to,make sure everybody is this sounds like,the kind of thing you say you're gonna,do but never actually do but zuckerberg,is doing it he is in chandori today on a,campaign to make sure that actually,literally every single human being on,earth has an internet connection we,really want to get the next billion,people online and if we can play a role,then that's something that i personally,care a lot about is it selfish for,zuckerberg to connect the entire world,to the internet just so he can get more,people onto facebook and instagram or is,it a win-win situation for everyone,that's an ethical conundrum for you to,consider however this might not even be,the main problem as meta isn't only,running out of new people to introduce,the services to but those who are,currently active on the services are,departing in droves somewhat hilariously,facebook has lost 1 or 30 million of its,users to that pesky little thing known,as death and with 12.1 percent of,facebook's user base being over the age,of 55 this number will inevitably,increase as time progresses yet facebook,should probably be less worried about,the boomers and a little more concerned,about the zoomers as facebook's biggest,loss in user count stems from the,younger generation back in 2018 facebook,demographics began to follow a very,interesting trend there was an increase,in users from the older generation,little change from those in their middle,age and a pretty substantial loss in,users from those under the age of 25.,one year later in 2019 another piece of,data was published supporting a similar,trend only to a more severe degree there,was a slight increase from the oldies,barely any change for the middle age,crowd and again a massive 17 decline in,only two years for those using facebook,under the age of 34. after seeing this,data it's no surprise that facebook has,also earned the title of a social,media's retirement home it's

The above is a brief introduction to facebook twitter

Let's move on to the first section of facebook twitter