Facebook Reports Slowing Revenue and User Growth (cnbc.com) 30
Facebook released its third-quarter earnings on Tuesday and the results are mixed. While revenue rose 33 percent and profit increased 9 percent for the third quarter from a year earlier, revenue growth was down from the 42 percent jump that Facebook had reported in the previous quarter (Warning: source may be paywalled; alternative source). "Facebook also said its daily active users increased 9 percent from a year earlier to 1.49 billion, compared with 11 percent growth in the previous quarter," reports The New York Times. "It's monthly active users reached 2.27 billion." From the report: The social network has spent the past 18 months under scrutiny for the spread of disinformation, hate speech and leaks of user data. Executives have vowed change and Facebook has scrambled to apply fixes, even as new issues surface on an almost weekly basis. Mark Zuckerberg, Facebook's chief executive, has said there is likely to be future hits to profit margins as it works to repair systemic issues. The social network has pledged to hire tens of thousands more people to monitor content across its platform.
Re: (Score:1, Flamebait)
Slowing economy...could be only TRUMP blaming the fed.
Nah, alomst tw years after he left, it is of course, the Kenyan Terror baby's fault.
We should count ourselves fortunate to have elected a president who has never been wrong, and never will be.
When the hell are we going to make this approved by God who walks among us president for life, and extend all powers to his wis and faultless decisions. Wake up America!
Slowing User Growth? (Score:3)
Bullshit! It's accelerating user growth! (In the negative direction.)
Banning people for the wrong political opinions (Score:1)
and they wonder what happened to user growth. Censorship is never going to work.
maxing out the Earth's population (Score:2, Interesting)
the population of earth is about 7.5 billion
so facebook has 2.3 billion users
how many potential users are left to get?
5.2 billion
but
1.3 billion people live in China, which bans facebook, and has better alternatives anyways
that brings us down to 3.9 billion
but 1 billion people live in grinding poverty and could never afford it
that brings us to 2.9 billion
about a billion people are children
we are down to 0.9 billion
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Basically Facebook's only place to massively get user growth is Africa;. But WeChat is muc
Re: (Score:2)
Anybody who possess the intelligence and economic means to use a computer and access Facebook/the Internet in general, is already doing it.
I think I tick those boxes, but I don't do it. Perhaps you missed out "... and wishes to use Facebook ... " ?
Does anyone still use FB? (Score:2, Insightful)
Seriously, how lame do you have to be to still use FB?
and nothing (Score:1)
... and nothing of value was lost
Oh BTW first post!
Re: (Score:2)
Facebook is your enemy! Using it is really dumb... (Score:4, Informative)
The 2 night Frontline documentary covers many of the issues with Facebook:
https://www.pbs.org/wgbh/front... [pbs.org]
It's clear that Facebook is everyone's enemy. So why would anyone use them just so they can manipulate you for their own purposes or just rent that manipulation information about you for profit?
Think of the creepiest entity ever watching and listening in on everything you do on their platform then using all the info you provide against you for profit. That is what Facebook is!
Re: (Score:2)
The collection of data from every interaction is at scale. Every interaction is recorded, while manipulation and testing for effective manipulation is constant.
If you are using Facebook and *think* you are cognizant of the manipulation, you are being effectively manipulated.
If you provide 300 Likes to Facebook, or just visit sites with Like buttons they know about how you'll react to given stimuli (an article, news post, ad, pitch) than your spouse or family.
Newsfeed is particularly manipulative. It watches
Re: (Score:2)
Sounds like a UK high street jewellery chain, Ratners. It collapsed after Ratner himself said his stuff was "crap". He went on to say :-
one of the sets of earrings was "cheaper than a ... prawn sandwich but probably wouldn't last as long"
Ratner's comments have become textbook examples of why chief executives should choose their words carefully
(from The Guardian) [theguardian.com]
Unfortunately, Facebook seems to be having a slower death.
There are many reasons not to use Facebook (Score:2)
There are many reasons not to use Facebook. I realize that it has its uses as well.
But I only need this old bit of news not to open an account on their site again.
Facebook reveals news feed experiment to control emotions
Protests over secret study involving 689,000 users in which friends' postings were moved to influence moods
https://www.theguardian.com/te... [theguardian.com]
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It has published details of a vast experiment in which it manipulated information posted on 689,000 users' home pages and found it could make people