this post was submitted on 11 Mar 2024
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Asklemmy
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Simplest explanation is that the general public doesn't give a shit and while Facebook is on the downturn (not sure if numbers can back that up) people need to go somewhere else. Maybe that is reddit right now, they got the marketing and content to get people on it.
I'd like to hear that crapbook is going downhill, but its share price says otherwise
Its share price doesn't matter in this context, since Meta also owns Instagram, which is absolutely not going downhill at the moment.
Facebook however is losing active users, especially in the younger age ranges and even more pronounced in Europe and the US.
They also own WhatsApp which has a massive user base outside of the US.
But it's not really a cash cow. At least I don't know of any widespread attempts at monetization (yet).
WhatsApp is monetized by selling your private data, same as.FB
Enron’s share price was very high right up until the end, too. Share price is not necessarily a good indicator of underlying fundamentals