The total number of daily active users on Facebook has decreased, a first for the social media platform that has seen rapid growth since it was launched 17 years ago on February 4, 2004.
According to the latest quarterly report from Meta, the parent company led by Mark Zuckerberg, Facebook went from having 1.93 billion daily active users in the third quarter of 2021 (DAUs, for its acronym in English) to have 1,929 million users in the fourth quarter.
After hearing this news, Meta, which integrates the family of Facebook, Instagram and WhatsApp applications, lost yesterday Wednesday more than 20% of its value on the stock market. This fall meant a $200 billion market capitalization loss for Meta.
Tech outlet Recode attributes Facebook’s stagnant growth to having an aging user base and that there are no more countries in which it can expand.
This situation would put further pressure on Meta’s big bet on the “metaverse,” the virtual and augmented reality universe that Mark Zuckerberg sees as the future of the Internet.
Meta is still profitable
Despite the stagnation of daily active users on Facebook, Meta accounts indicate that in its 2021 fiscal year as a whole obtained net profits of 39,370 million dollars, 35% higher than those achieved in the previous year.
In the past twelve months, the company led by Mark Zuckerberg entered 117,929 million dollars, the vast majority from the sale of advertising space, and well above the 85,965 billed during 2020.
For their part, Meta shareholders pocketed $13.77 per share, compared to $10.09 a year ago.
Between October and December, the period in which analysts on Wall Street paid the most attention today, Meta invoiced 33,671 million dollars, 20% more than in the same period of 2020, but the 38% increase in costs caused the company’s net profits remained at 10,285 million. (I)
With information from AFP
Source: Eluniverso
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