It's really ONLY the daily users that are dropping, everything else is still going up:
> But not all growth trends were negative. The company’s family of apps, which encompass Instagram, WhatsApp, and Messenger continued to modestly add users. The number of users logging in monthly to Facebook continued to grow, even as the number of daily users dropped.
What's interesting is that it seems like Facebook isn't counting Messager users as Facebook users and that more users are actually using Facebook every month, just not as frequently as before.
The weird bit is that a drop that small and cause Facebook/Meta to lose that much value. The stock market either reads the news like HN does, or Facebook is a lot more fragile that I would have guessed.
> But not all growth trends were negative. The company’s family of apps, which encompass Instagram, WhatsApp, and Messenger continued to modestly add users. The number of users logging in monthly to Facebook continued to grow, even as the number of daily users dropped.
What's interesting is that it seems like Facebook isn't counting Messager users as Facebook users and that more users are actually using Facebook every month, just not as frequently as before.
The weird bit is that a drop that small and cause Facebook/Meta to lose that much value. The stock market either reads the news like HN does, or Facebook is a lot more fragile that I would have guessed.