Hacker News Re-Imagined

Facebook loses users for the first time

  • 1749 points
  • 5 months ago

  • @prostoalex
  • Created a post

Facebook loses users for the first time


@teknopaul 5 months

Replying to @prostoalex 🎙

My take: fb failed as a social network. Its a data sink you put stuff in but you can't get anything out. You cannot represent real social networks in fb. In real social networks you have different social circles and a different name. Facebook devides the world into friends and public, you yourself have one identity only, and that's not a good model for mapping real social networks into digital ones. During the pandemic when we all really needed social networking fb failed to map your local bars social network onto fb.com.

If they focused on being a social network tool, instead of eating competition so they are _the_ (only) social network, people might increasingly use their products.

But they give nothing back.

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@DiffEq 5 months

Replying to @prostoalex 🎙

I wonder how many people are like me...they see this article and think, "Hey, I have a Facebook account, I should see what it is going on there since I haven't looked at it in however many days." Then I look and see there are no messages or anything and close it...for who knows how long again.

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@6gvONxR4sf7o 5 months

Replying to @prostoalex 🎙

The language around this is confusing and contradictory around the article. Did overall users fall or did user growth fall? Is it decelerating or shrinking?

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@AnonC 5 months

Replying to @prostoalex 🎙

Anecdotally, I know several people who shifted from Facebook, with its toxic space for arguments, to Instagram in the last few years.

I stopped using Facebook a few years ago, when it was mainly for a few topic focused groups. I wish there were a way to download all the group posts and comments (or at least the ones I participated in) in some kind of an open text based format I can store locally and refer to. If you know of any such tools, please share.

There’s so much information locked into the platform, and with no way for search engines to index and no easy way to even lookup information within it (Facebook search has always sucked), it’s a huge loss.

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@everdrive 5 months

Replying to @prostoalex 🎙

My account is deactivated, but not deleted. I wonder if I am still in their counts?

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@backtobecks 5 months

Replying to @prostoalex 🎙

bye bye facebook

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@saos 5 months

Replying to @prostoalex 🎙

#deleteFacebook

I'm praying they are forced to sell WhatsApp

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@dr_dshiv 5 months

Replying to @prostoalex 🎙

Ever try to find out where your old friends live? Like, hey, don't I know someone in Philly? Very basic utilities are missing in Facebook.

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@shados 5 months

Replying to @prostoalex 🎙

If only the VR division was its own thing (while still having the resources). Their VR stuff is pretty damn awesome.

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@adlorger 5 months

Replying to @prostoalex 🎙

FB lost US about 2M users in summer 2020, but has been pretty flat since then.

See FB's slide 13: https://s21.q4cdn.com/399680738/files/doc_financials/2021/q4...

The drop this round is in the rest of the world and not US, Asia, or Europe which are flat or even up

The hot takes of Peak Facebook are unfounded, or at least premature.

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@hereforphone 5 months

Replying to @prostoalex 🎙

There may be hope for humanity yet

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@benreesman 5 months

Replying to @prostoalex 🎙

I haven’t worked at FB in almost 5 years, and it’s definitely a clear milestone on growth not being massive always, but shaving 2 dimes off the market cap seems, abrupt. You’d think the cap might slow its growth more gradually and (if DAUs go up again) gain more gradually.

I appreciate companies only release rock solid figures on a certain cadence, but there’s like a zillion analysts who can read tea leaves.

IMHO tech equities are pricey in general, but for someone who wants FAANG exposure this might be the bargain at Barney’s Upper East?

I hold no FB stock btw.

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@wly_cdgr 5 months

Replying to @prostoalex 🎙

I love Facebook, but it's been dead for a while. A car that runs out of gas while accelerating downhill doesn't stop - or even stop accelerating - for a long time

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@monkeybutton 5 months

Replying to @prostoalex 🎙

Its already frustrating enough having to use Facebook just to look up a restaurant's information, the set times for a concert, or whatever about a local business or event. If all that stuff starts to disappear behind a meta-verse wall, I might just leap off the nearest bridge instead.

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@sujesh 5 months

Replying to @prostoalex 🎙

I deleted my FB a while ago and it truely helped my online mental health. The fb feed was full of false news and hate speech. I reported as much as I could but nothing happening. There wasn't any regulations and I felt more toxic on the contents. I am not gonna lie there was a positive side like knowing the news instantly but It's not worth it apparently.

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@GnarfGnarf 5 months

Replying to @prostoalex 🎙

I am seeing fewer and fewer of my friends and relatives on Facebook anymore. My feed is overwhelmed with intrusive advertising. I wish I could give it up, but I have to stay because some customers are on it.

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@socrates1998 5 months

Replying to @prostoalex 🎙

I don't have much to add to this, but Facebook couldn't go away faster for me. My account is still active, but I deleted the app on the phone and probably only check my home page once every two weeks.

My friends and family just aren't that interesting when they post stuff or it's awful content. I find myself sharing everything with people I want to interact with over text.

Zuck is a sociopathic asshole, so I hope Facebook fails miserably.

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@dathinab 5 months

Replying to @prostoalex 🎙

I think they lost users much much earlier.

It's just that most users they lost went from "I use Facebook" to "I don't want to use Facebook, but kinds still have to" (because friends, family etc.).

All people below 40y I know which have Facebook fall more or less in the second category...

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@rendall 5 months

Replying to @prostoalex 🎙

Speaking as someone who deleted his Facebook account years ago, a positive that FB brings to the world is ubiquitous and easy sharing of personal information with the public. With an FB account, you can keep in touch with even casual acquaintances, perhaps forming a connection. That's pretty deep, and a net positive for humanity, and fulfills the promise of the internet.

I predict that what we call "social media" today - this specific aspect of ubiquitous human connection - will continue long after FB is gone and forgotten. I foresee that the ultimate successor will likely be more of a protocol like RSS or FOAF that various platforms can plug into, rather than another web app you log into, owned by yet another monetizing corporation.

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@kurizu4444 5 months

Replying to @prostoalex 🎙

good.

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@pjmlp 5 months

Replying to @prostoalex 🎙

Just like with MySpace and Hi5.

We are now at yet another generation switch and newer one is somewhere else.

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@XorNot 5 months

Replying to @prostoalex 🎙

Which is impressive because I still have Facebook I just don't login and never use any of its services - the account now exists to simply hold a lock on my name on the service.

I suspect I'm not the only one doing this.

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@mmaunder 5 months

Replying to @prostoalex 🎙

And thus begins their gamble. They’re going to have to bet the entire biz on virtual. Most public companies can’t do this, but FB has a unique control structure that gives Zuck the ability to bet the farm.

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@Victerius 5 months

Replying to @prostoalex 🎙

> Daily active users dropped from 1.93 billion to 1.92 billion, with the drop coming from Africa and Latin America.

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@dkackman11 5 months

Replying to @prostoalex 🎙

This is good news. Facebook has proven itself to be a negative influence on people and countries.

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@n8ta 5 months

Replying to @prostoalex 🎙



@landswipe 5 months

Replying to @prostoalex 🎙

loses loser users

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@kinnth 5 months

Replying to @prostoalex 🎙

The number 1 reason FB has missed is the IDFA change from Apple. It has completely crippled their ad business and their effectiveness and the majority of spend I know has gone to Google. When FB was clearly 1st or 2nd in all GEO's around the world, they now are not even in the top 3 in many GEOs.

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@cmsonger 5 months

Replying to @prostoalex 🎙

Due to past behavior and FB's justification of that behavior, I quit using the company's services and products years ago. I remain unwilling to be a FB user of any kind.

Good. Keep going. Facebook, doing harm at scale.

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@johnamata 5 months

Replying to @prostoalex 🎙

get woke go broke

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@epa 5 months

Replying to @prostoalex 🎙

If you think about how metrics works, they probably had friendly fraud pumping their numbers -- think about them counting bots as new users when in fact it was just bots. Zuck sells Nov'2021 because he knows this info (insider trading works this way), earnings come out and news is released from the prior quarter.

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@trident5000 5 months

Replying to @prostoalex 🎙

Theres so many ads on instagram Im considering dumping it. Thats the only social platform I ever liked because I dont have to hear peoples opinions on things. But Im at a breaking point.

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@ProAm 5 months

Replying to @prostoalex 🎙

When the metaverse actually launches they will skyrocket. They were smart to pivot early. Saying the 'metaverse' is on FB right now is similar to people selling acres on the Moon before anyone landed. FB is planting an imaginary flag on the 'metaverse' hoping they can technically catch up to their claims and capitalize on it.

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@streamofdigits 5 months

Replying to @prostoalex 🎙

As people commented already, meta / facebook will be a enormous cash cow for quite some time. This raises the interesting question of whether it could actually reinvent itself in some way.

Having an almost 100% concentration on a business model that is (thankfully) increasingly seen as a socially detrimental aberration, it means that they would need to diversify into more conventional tech business models the way, e.g., Alphabet/Google is trying to do [0]

The problem is, of-course, that honest tech business models are a well occupied ecological niche and in the absence of some regulatory/political granted monopoly the competition tends to turn lethal.

They could launch a cloud business for example, with the unique selling point: we know best how to collect and monetize your data, so we know best how to protect it :-).

[0] I am dismissing the "metaverse" thingy as some sort of smoke and mirrors that seems to be necessary to provide cover for precisely the kind of news now being discussed

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@submeta 5 months

Replying to @prostoalex 🎙

Now that‘s some good news today. - FB is toxic, for individuals and societies alike. The sooner they diminish, the better off we are.

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@Zenst 5 months

Replying to @prostoalex 🎙

My take away from this is amazed they have had increased daily user activity for 18 years, that alone (whatever you think of FB) is pretty amazing from a business perspective. Which is probably why this is an eventful news worthy note.

I'm now wondering if such a blip could snowball via the markets and see a tech crash at some level and a sign of that will be how this news from Facebook plays out upon the other social media outlets. Will TikTok, Twitter and in-part via YT, google, also see a dent in share prices based upon this! Maybe, given how much of the market is based upon perception and momentum. Though that is just my thoughts upon this and certainly I'm not burried into the markets knowing every nuance and sign.

[EDIT ADD] I somehow missed this poignant aspect in the article "Shares in other social media platforms, including Twitter, Snap and Pinterest, also fell sharply in extended trading." So does somewhat lean into my thoughts upon how markets operate in some ways. How that holds and if this blip is just a knee-jerk reaction over a period of time is more the indicator in-play here.

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@Damogran6 5 months

Replying to @prostoalex 🎙

I went back to my forums, find myself easily disengaging from Reddit (around the election, Reddit was nothing but stress), Check Twitter maybe 10 minutes a week, go to Instagram once a week because my kid posts his artwork there.

But in general, ALL of the sticky sites aren’t…sticky anymore. I took 2 weeks off at the worst of it and it did an amazing job of breaking the feedback loop.

Facebook tried to take over forums and mailing lists, their market was full of scams (which had me going round and round with Paypal and the bank when ‘Sally’ selling an iPad from Massachusetts sent a receipt with an email from a Guy in Turkey.

Then they started poking around with VR and Meta and man, I really don’t want to use this headset if I’m forced to log into Facebook and you’ve got 6 outward facing cameras, Zuckerberg.

Good. Can’t come soon enough.

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@evocatus 5 months

Replying to @prostoalex 🎙

I am glad that people are finally seeming to catch on.

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@major505 5 months

Replying to @prostoalex 🎙

I work in a big consulting firm that really believes that the Metaverse is gonna be the future, and are even creating a team just to develop aplications for clients in the Meta. I don`t think this is what going to save the company. PAssing all day with an VR device in your face seens very uncorfotable to me, and I can see works adopting it.

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@dcchambers 5 months

Replying to @prostoalex 🎙

I feel like all of the Metaverse stuff we've heard over the last few months was in preparation to try and distract/deflect from this.

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@hestefisk 5 months

Replying to @prostoalex 🎙

I have been without FB for almost 3 years now and never looked back. People still look shocked at me when I tell them I’m not on IG or Twitter.

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@dancounsell 5 months

Replying to @prostoalex 🎙

Insert Ron Swanson happy dance gif here

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@higgins 5 months

Replying to @prostoalex 🎙

I wonder if they tried to buy wordle... What's the hottest social network they could buy?

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@mro_name 5 months

Replying to @prostoalex 🎙

who cares about facebook but zucky.

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@ho_schi 5 months

Replying to @prostoalex 🎙

I'm not surprised. The complete company doesn't provide any actually required product or value, just aggregating "users". And the company has the worst imaginable reputation (closed-source, awkward and stupid censorship, clear name enforcement, advertisement, users are not customers but a resource, and much more).

Interestingly this article was featured here recently: https://luttig.substack.com/p/dont-forget-microsoft

It doesn't talk about software, development, technology or service. Merely, buy others. If you don't innovate yourself you have to buy quickly everyone else before they can harm you. That is what Facebook is doing.

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@m3kw9 5 months

Replying to @prostoalex 🎙

The Fb home feed is becoming a cesspool of brag photos disguised at wanting to share their daily lives with friends and family.

There are better ways to do that than having 500 friends on your list and hoping someone would see it and press like. It feels a bit disgusting now that people actually use it more like their Instagram feed

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@endofreach 5 months

Replying to @prostoalex 🎙

FINALLY. Can‘t wait for the failure of „meta“ (i refuse to let evil FB Inc. own that word) and see all the awesome devs working there, finally work on something else than exploiting the privacy of people to fill pockets of all these zuckerbergs…

What a great day.

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@EGreg 5 months

Replying to @prostoalex 🎙

Well, diminishing returns

Mark Z talked about S curves 10 yea to ago

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@ratpik 5 months

Replying to @prostoalex 🎙

I am not sure why they have been unable to build the right set of features to grow WhatsApp for Business in India.

That's almost a Billion DAUs where a lot of business transactions happen via chat on WhatsApp.

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@throwawayvibes 5 months

Replying to @prostoalex 🎙

The past 5 years I only used messenger and miniature wargaming groups. That's all the utility FB provides, and sadly, I don't see the wargaming groups move anywhere else.

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@l30n4da5 5 months

Replying to @prostoalex 🎙

The only reason I still have a facebook account is because I have logins for other sites tied to it. Haven't personally logged into facebook on purpose since 2016.

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@nicholast 5 months

Replying to @prostoalex 🎙

The biggest asset of Facebook for now is the facebook platform, perhaps a more durable asset will be the social graph sourced by the facebook platform. What would it mean for a durable social graph commercialization model? I'm not sure, but at a minimum it would need to be exportable and portable between platforms and ecosystems.

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@wonderwonder 5 months

Replying to @prostoalex 🎙

I think social media has shifted from wanting to keep up with friends and family to serving as a distraction from the general malaise most seem to feel. TikTok and Instagram are bright and shiny and distract people via images of attractive hopeful people. Facebook is just seeing that everyone else is doing as badly as they are or perhaps worse, better. I think it ties in with the boom in crypto, everyone is looking for a moonshot to escape. I think the country is going through something very unique, like a social despair and that companies need to adapt. I could be projecting.

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@FpUser 5 months

Replying to @prostoalex 🎙

Good to know. Not using it anyways.

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@Calist0 5 months

Replying to @prostoalex 🎙

They lost 3 million active users out of 1.93 billion active users.

That's 0.15%? As countries are opening up more. And that's newsworthy?

I don't see how that justifies the stock crashing -25% in 15 minutes.

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@didip 5 months

Replying to @prostoalex 🎙

Stock dropped by 22% as well.

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@oversocialized 5 months

Replying to @prostoalex 🎙

Good. Facebook needs to die.

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@kabdib 5 months

Replying to @prostoalex 🎙

I use FB to keep track of a few old friends, a couple of online "clubs", and to just kind of monitor the goings-on and general sense-of-the-crazy from That Side of the Family (if you have one of those, you know what I mean).

FB is inessential. If it collapsed tomorrow, I'd remove a bookmark.

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@Advaita63 5 months

Replying to @prostoalex 🎙

Almost everyone I know is getting off Facebook. It distorts reality and takes over lives. I got out a month ago and don't miss it.

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@mercy_dude 5 months

Replying to @prostoalex 🎙

As for the stock price, it will come back. FB users may be down but FB now owns Instagram and WhatsApp and they haven’t started to monetize them yet.

Not to say they have genuinely been trying new technologies with AR/VR and with their stash of cash can buy any startups in AR/VR space.

If anything FB is way underpriced IMO.

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@Advaita63 5 months

Replying to @prostoalex 🎙

Everyone I know is getting off Facebook. I got out a month ago. It distorts reality and takes over your life.

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@randomsearch 5 months

Replying to @prostoalex 🎙

This is how the narrative of Facebook looks to me:

Zuckerberg got lucky and then executed brilliantly, transitioned from nerd hacker to CEO amazingly well. He deserves a lot of credit for that.

Since then, Facebook have innovated very little. Zuckerberg recognised this, and bought Instagram and Whatsapp in lieu of building an innovative company. The latter is clearly really difficult to do.

Without a stream of new ideas and products (unlike, say, Apple) Facebook double-downed on maximising revenue growth from their core advertising business. This led to all the scandals and disasters they have brought us, including destabilising societies.

Inevitably, this led to the core product becoming less attractive, and people were also turned off by the negative press. Zuckerberg's rigid control of the company has led to him being a lightening rod for the backlash against big tech and especially adtech. His media skills are awful, so insisting on control and making himself a figurehead has further damaged the business.

Zuckerberg knows the only way out is another home run. He's a super smart and prescient thinker, so he can see VR is a good play. It looks like the timeline for VR won't be short enough to save FB, but even if it were arriving soon enough he must know that FB probably isn't capable of delivering a truly new thing.

This then marks the beginning of the end for the company, as it continues to bring in revenue from Instagram and monetises Whatsapp. Its sheer size means decline is going to take decades.

I wouldn't be surprised if Zuckerberg leaves in the next few years, before the failure of Meta strategy becomes apparent.

What they _should_ have done is debatable, but developing some sense of ethics might have helped. I think they could have focused on building Whatsapp into a payments (etc) app, which would have created an enduring product, and then used the time that bought them to rebuild the company.

Microsoft are showing that it can be done, but I wonder if Facebook has the capacity to do great things. Perhaps the lesson from MS is that only a new leader can rescue such a mired company.

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@syndic8_xyz 5 months

Replying to @prostoalex 🎙

Facebook, great engineering org as it is, has done a lot of less than great things. Not just bad stuff to others, but less than optimal stuff for themselves as well. Could this be karma? Zuck's chooks coming hoome to roost?

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@beart 5 months

Replying to @prostoalex 🎙

My children's school communicates a lot of information through their Facebook page. I had to reactivate my dead account after years when my kid started kindergarten. There was particularly important information that they did not send out anywhere but on Facebook. Meanwhile, they have a "news" page on their actual school website that has not been updated in years. I hate it and I think it should be illegal to force the use of a private, ad-driven platform for public/governmental information.

Facebook may count me as a user, but my account has absolutely no information listed about myself and the only pages I subscribe to are for the school.

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@mikaeluman 5 months

Replying to @prostoalex 🎙

People have many reasons for disliking Facebook.

We have the personal data usage and integrity problems.

Then they wanted to get clean from this and did it by way of censoring and silencing what can be called conservative voices.

And now they want you and your kids to waste your life in some VR "meta" world...

Facebook does still serve a purpose. It's a popular and easy way for local communities and associations to stay in touch.

I couldn't stand Facebook though so I find myself not being able to join these conversations. Hoping something better comes along.

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@mythrwy 5 months

Replying to @prostoalex 🎙

When Facebook first started getting users I tried to access it from a script using Lynx. I don't remember why but it was nothing nefarious, I think I simply wanted to download something for GF periodically.

I got a message that said "We aren't cool enough to support your browser".

Something about the sarcastic snootiness of the message really angered me and prevented me from ever opening a Facebook account. Later I blocked all Facebook domains in Host files and it's been that way ever since.

For awhile it was a bit awkward with people demanding to know why I didn't have a Facebook page but apparently I hold grudges for a long time. It's been delightful to see people come around to my point of view on Facebook.

They really are like a seedy bar in the bad part of town. With snooty messages for circumventors. But I have to thank them for that snooty message otherwise I would have probably caved and opened an account years ago.

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@ilrwbwrkhv 5 months

Replying to @prostoalex 🎙

Cant wait for this frustrating company to shut down.

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@morelish 5 months

Replying to @prostoalex 🎙

My 2 cents, not that it's important, is that Facebook killed it's own product by A/B testing for user engagement. The product went from a cool place to see what your friends were up (bit like insta was for a while), to this sh*thole place filled with junk viral videos, adds, whacky content from a few insane friends, etc. It became like a cheap social porn dumping ground.

I really just want to see what my friends are up to. I don't want to feel that the posts I get are heavily filtered by algorithms or that 'unpopular' opinions are hidden or whatever.

The original Facebook product back in 2008-2010 was really good. If anything, I think Facebook shows how important is it to develop a product vision that is more than just 'clickbait+++' which is basically Facebook's strategy. [Around 2010, I imagine a bunch of overly nerdy socially maladjusted 20-something programmers sitting around Fakebook HQ describing to robotic-Mark how an excel-driven click-bait approach can make Fakebook way more popular than ever. "Look popularity with maths".]

Now the only thing I really use it for is business pages. [I don't even know why Google don't have a slightly better business-page experience on their maps.]

Zuckerberg, I think is a bit of a genius, but seems to lack much capacity or instinct to display technological 'taste'. That rare thing Steve Jobs valued and talked about. It's why Apple is and remains cool and why it's able to handle PR better. Apple are just much more sophisticated at controlling people's perception around the appeal of the brand. Apple provide a 'luxury' brand experience to 50% of the (developed) world. Facebook's brand is so toxic it decided to change it's name to Meta. [Note, timing the change to Meta not long before the growth slows a lot. I'm surprised Facebook was really even growing much. Well I heard most growth has come from outside the developed economies and it's a waste ground among the young in the West.]

Zuckerberg - from afar - looks like a robotic alien trying to work out the grandest legal pump and dump scheme he can pull off. I do salute him because he's so successful and I still think he'll work out how to make Meta's transition. He's got lots of cards to play in his hand and he seems pretty good at business poker. So, I also congratulate him.

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@annadane 5 months

Replying to @prostoalex 🎙

Literally all Zuckerberg has to do is not be the kind of person he is... his product itself did achieve success in that a huge number of people are using it, but then he had to prove himself to have no ethical standards

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@kajaktum 5 months

Replying to @prostoalex 🎙

People like to hate on Facebook, but how is any other social media different? They are all free services that profit from your personal information. Some just have better PR than the other.

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@pshawcaddy 5 months

Replying to @prostoalex 🎙

Paywalled

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@zmmmmm 5 months

Replying to @prostoalex 🎙

The upside that I hope to see from this is that the faster Facebook loses its shine and becomes a negatively viewed legacy product on a downward trajectory, the more likely Meta is to make good on relaxing the Facebook account requirement for Oculus.

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@actuator 5 months

Replying to @prostoalex 🎙

That's why I was commenting last week here that the antitrust lawsuit in US on monopoly is bogus.

Tiktok has come out of nowhere in the span of last few years to compete. FB doesn't have a market capture as the US lawmakers and Lina Khan accuse them of having.

Also, the same issues like disinformation etc which FB suffered from is going to be a problem for any social media platform, even Tiktok. Tiktok has far less infra and resources invested into stopping it, so it will be interesting to see if the target shifts on to Tiktok now.

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@jokoon 5 months

Replying to @prostoalex 🎙

Finally!

Although you still need facebook to login into several other things, like tinder etc.

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@dzink 5 months

Replying to @prostoalex 🎙

The big reason behind losses was likely the iOS 14 tracking update. Right after it a ton of Facebook Advertisers groups on Facebook started complaining all of their carefully crafted campaigns were not producing revenue anymore. Targeting and regathering stopped making sales for advertisers and they quickly stopped spending on FB. The people who still spend are now doing videos as ads. Small advertisers were the canary in the coal mine.

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@cutler 5 months

Replying to @prostoalex 🎙

"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning." (Winston Churchill). One can only pray.

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@nmca 5 months

Replying to @prostoalex 🎙

I used to use Facebook for events, but faced a bug recently where random friends could see the event details for a private event, as if invited, despite not being invited. A pretty serious bug, leading to some awkward messages!

In any case, I now only use FB for one single niche community. If that goes elsewhere, so will I!

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@Animats 5 months

Replying to @prostoalex 🎙

Facebook pulled a Myspace. Growth slowed, so they added more ads to compensate. Growth slowed even more and went negative. For Myspace, that was a death spiral.

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@Pete-Codes 5 months

Replying to @prostoalex 🎙

TikTok has crushed them in the Gen Z market.

In many ways TikTok re-creates the best part of myspace - being able to express your personality. You can dance, make fun of yourself, post a thirst trap or make history memes. You can't do any of that on Facebook and I'm sure the fact your videos can go viral is way more appealing.

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@ahmed_ds 5 months

Replying to @prostoalex 🎙

The fact of the matter is they still have close 2 billion active logins each day. Even if they have settled in matters of user acquisitions they haven't stopped harvesting increasing amounts of profit from each users. I would like to know how the statistics of revenue per user would be from this point on.

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@glanzwulf 5 months

Replying to @prostoalex 🎙

It was me guys. I finally deleted my account.

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@whiplash451 5 months

Replying to @prostoalex 🎙

Meta recruiter (sipping coffee): Let me close this candidate today.

The Market: hold my beer.

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@oriettaxx 5 months

Replying to @prostoalex 🎙

we all know how hard is to get out, to remove a FB account, so to be (with their figures) considered a lost user: the financial consequences of this news is another reason why it's so hard :)

Now the wall has fallen.

You can hide many things, but sooner or later the figures have to come out: as a paradox, their "statistics" department can probably start to relax a bit now.

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@nyxtom 5 months

Replying to @prostoalex 🎙

I used facebook for a brief period only because I was trying to sell some stuff on the marketplace. That being said marketplace is a crapshoot most of the time it seems so it ended up not working out. Every time I visited that cesspool of a website I regretted it immediately. Had to add a stylus script to disable loads of unwanted content

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@Osiris 5 months

Replying to @prostoalex 🎙

I use Facebook almost exclusively for local motorcycle groups and my BJJ gym.

For small, local groups, Facebook is a great free way to setup events (like group rides) and share hobbies.

My motorcycle group used to use Meetup but it has a fee and has much lower engagement.

I've stopped using it as a way to communicate with family and friends because of the toxicity related to political divisions. I had to leave a family group messenger chat when two of my brothers started calling my oldest brother vulgar names while talking about my Aunt and Uncle dying of COVID.

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@sammalloy 5 months

Replying to @prostoalex 🎙

I seem to recall that one of the regulars here said this would never happen just a few months ago. Have they issued a mea culpa yet?

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@d3vmax 5 months

Replying to @prostoalex 🎙

Good!

These buffoons are responsible for the spread of mis-information and should pay for the murder / unwarranted deaths caused by their desire for more views during the past two years by giving every village idiot an amplified voice!

I have reported so many mis-information post and they do nothing. They could create thousands of jobs by having more humans for verifications, but no. They want to maximize profits and depend only on AI with no appeal possible. They do not want to create more jobs to balance the transition to digital from analogue world so I am glad their stock price is getting avg'd out.

They really don't think long term of their role/responsibility to society. All their top brains and fancy school hires cant even grasp long term consequences of their short term on-steroid decisions.

Every empire / entity / co. will come to an end, it's the law of nature due to stagnation & complexity. So will this. Good riddance!

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@kbrannigan 5 months

Replying to @prostoalex 🎙

I remember when AOL or Yahoo or MSN was the place to be.

Then myspace or Hi5 was the place to be

Now it's google and facebook.

How long will they last?

Nokia was the phone to have

Then Blackberry was the phone to have

Now it's iPhone

How long will this last?

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@IronWolve 5 months

Replying to @prostoalex 🎙

Facebook suspended the official washington state republican group multiple times for posts, they finally moved over to mewe.

Facebook is a shadow of what it use to be after running off everyone.

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@oriettaxx 5 months

Replying to @prostoalex 🎙

By the way, this has been so far my best upgrade:

cat /etc/hosts

...

127.0.0.1 facebook.com

127.0.0.1 www.facebook.com

127.0.0.1 m.facebook.com

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@GCA10 5 months

Replying to @prostoalex 🎙

Peak coffee consumption (per capita/US): 1946

Peak cigarette consumption (per capita/US): 1963

Peak oil production (global): unknown, maybe 2020-2030

Peak Facebook: ??

That's an incomplete peer group, but I find it interesting that at some point, society does start to unplug from addictive substances. The tapering off is quite slow, though. Unclear whether heavy users cut back, or new generations just don't develop the habit as older ones die off

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@naruvimama 5 months

Replying to @prostoalex 🎙

It might have very much to do with their shoddy 2FA rollout.

I have heard of quite a few among my circles who got locked out.

They hurriedly pushed out something that did not work in the first place.

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@aaroninsf 5 months

Replying to @prostoalex 🎙

A shame Facebook hasn't seen the massive upside in pivoting to "be a force for saving democracy, with a side line in diminishing inequity, political (and wealth!) polarization, and inculcating respect for the commons, the middle ground, and public wellbeing."

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@winrid 5 months

Replying to @prostoalex 🎙

IMO, they most likely predicted this, and was part of the motivation for Meta.

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@ThinkBeat 5 months

Replying to @prostoalex 🎙

I always find the constant expectation of growth puzzling. and that it is a regular occurrence.

For a long time, DELL grew and grew and got bigger. Then they plateaued (for a while) and the investors were mad.

There are only so many people in the world who want an FB account. and only so many companies and people who need a DELL computer.

Infinite high growth is impossible to sustain. Physically.

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@darkinvisible 5 months

Replying to @prostoalex 🎙

Another issue: dumbing down. Connecting via web / browser has gradually dropped a lot of stuff and has become just like the mobile app. I used to log in a couple of times a week; now it's not even once a month.

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@carrja99 5 months

Replying to @prostoalex 🎙

Good. We’re tired of what they did to society.

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@JohnHaugeland 5 months

Replying to @prostoalex 🎙

"for the first time"

i mean yeah if you believe their numbers

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@parsd 5 months

Replying to @prostoalex 🎙

I am thankful to these evil companies. Thanks to them - I spend less time online, try to read more books, appreciate real-life conversations, rely on locals for information and news, and let my mind wander.

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@messe 5 months

Replying to @prostoalex 🎙

Is this including all facebook owned platforms (such as instagram and whatsapp, or just facebook.com [and the associated apps])?

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@gtsop 5 months

Replying to @prostoalex 🎙

This just in: Can't grow infinitely within a finite world.

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@dang 5 months

Replying to @prostoalex 🎙

Related ongoing thread:

Meta shares drop 20% on Q4 earnings miss, weak outlook - https://news.ycombinator.com/item?id=30185214 - Feb 2022 (436 comments)

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@jmacd 5 months

Replying to @prostoalex 🎙

There is something else going on around FB.

Almost all activity online has shifted away from the Social Graph to a Content Graph. Almost nobody wants to see what their friends are doing online anymore. In a lot of ways it can be cringey. People just want the latest, catchiest content. TikTok and Youtube are the OGs here, but it's everywhere when you start to look. Twitter timeline changes being an awkward but working example. Discovery > Static friends list.

The entire premise FB was founded on is eroding. This isn't just Apple privacy and some regulatory strangulation. It's seismic to the business. The reason most people are still going to Facebook is incompatible with their primary activities online which is: consuming content from people-you-don't-know.

Facebook is where you find out your highschool friend is super in to a MLM, your uncle has drastic political views you don't share, and that your historical social class and network is largely irrelevant to your life a decade later.

They are doing everything they can to try to move in this direction, but the more they push it the less useful Facebook is for the average user. Instagram's discovery page is a prime example. But Reels are less good than TikTok, and whatever they are doing for short form video in Facebook is surely a hopeless game of catch up. This is classical innovator's dilemma.

The very idea that Zuckerberg straight up said they need to copy the competition harder is incomprehensible considering the resources they have.

They are going to try to do a few things. One is to anti-trust Apple (in the media at least), and the other is to hand wave (Metaverse).

The reason the Metaverse was such a non sequitur is that it is so clearly a last minute thrust coming out of the C-Suite. If you've ever worked at a highly visible tech pubco, you've seen this happen before. Weak quarters mean that product announcements get pushed up. When it is as all encompassing as the Metaverse announcement, you know something is up.

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@jppope 5 months

Replying to @prostoalex 🎙

I think this has been pretty obvious for a while... MAU doesn't tell the real story and I think we all have anecdotal evidence that the engagement and demographics changed substantially over the last 5 years.

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@gigatexal 5 months

Replying to @prostoalex 🎙

I am here with popcorn watching and relishing. I hope the decline continues and accelerates.

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@josefrichter 5 months

Replying to @prostoalex 🎙

My 16yo daughter says FB is for old people and nobody in her age group is using it.

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@UltraViolence 5 months

Replying to @prostoalex 🎙

Facebook has been losing users for a long time, but has kept this hidden by only removing bot accounts sparingly, to mask their decline.

But I guess the decline has become undeniable, but I suspect even now they're manipulating the statistics to dampen their fall.

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@noduerme 5 months

Replying to @prostoalex 🎙

Upvoted because THANK GOD

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@iamricks 5 months

Replying to @prostoalex 🎙

Hacker News is starting to feel like Reddit /all more and more every day

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@sub7 5 months

Replying to @prostoalex 🎙

About time. Unlike Google or Microsoft before them, this company was evil from day 1.

0/10 for them and anybody who made their money there

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