Facebook Punished for poor attendance as members flee to other social media sites. Mark Zuckerberg has destroyed the best social media platform driving members away with its nazi totalitarian policies. He did it to himself and is now being punished. Facebook’s devastating usage report marked the end of a difficult year for the company, which has been battered by whistleblower allegations, a major global service outage, and protests. Shadowbanning independent bloggers on the right side of politics. And deleting the Convoy to DC group with 137k members surely didn’t help!
Facebook reported a big drop in daily users for the first time in its 18-year run. Video credit, GMA/YouTube.
The Daily Mail reports: Facebook reported on Wednesday that daily logins to its services dropped nearly 500,000 during the last three months of 2021, the first time in the company’s 18-year history that user activity has declined. It sent Facebook shares plunging more than 20 percent, wiping more than $200 billion off the company’s market cap and erasing $29 billion from CEO Mark Zuckerberg’s net worth. And taking sites with the DNC and the Biden Admin deleting memes because they were offensive to Nasty Pelosi terrorizing its members with NEW Third Reich policies drove members away to alternative sites like GAB and Parler. What were Zuck and company thinking? Too big to fail? 😆
The Verge reports: The massive stock drop, which instantly wiped out roughly $200 billion in market value, shows that Facebook’s corporate rebrand to Meta isn’t enough to distract investors from the problems in its core business of social media. Not only was user growth across Facebook, Instagram, and WhatsApp essentially flat last quarter, but the main Facebook app lost 1 million daily users in North America, where it makes the most money through advertising. That drop led to an overall decrease in daily users of Facebook globally, which a company spokesperson confirmed is the first sequential decline in the company’s history.
Gizmo reports: According to parent company Meta’s Q4 earnings presentation , Facebook lost around a million users between Q3 and Q4 2021. Specifically, the platform reported 1.93 billion daily active users in Q3, though that figure dropped to 1.929 billion last quarter. This marks a sea change for a company previously able to endure an onslaught of scandals, lawsuits, genocide enabling policies, and gut-wrenchingly uncomfortable Congressional hearings, all without losing its most valuable resource: us, the faithful users. Markets were quick to respond. Those declining users, in tandem weaker than expected ad growth, sent Meta’s stock price plummeting down by more than 25% on Thursday.
No matter whether Mark Zuckerberg calls his social-media website Facebook or META It’s the same old website with the same old political bias censorship against Trump Supporters! 😥
So here we go, as Facebook punished by their own draconian policies and acting as an arm of the Biden Administration, down the ship goes. Reminds me of the old saying, the bigger they are, the harder they fall. Mark Zuckerberg deserves just what he got by treating his members like garbage under his feet. We don’t need Facebook and can find other platforms to hang out on.