Facebook is still kicking but they had to buy Instagram because they were bleeding users to it like crazy. They’re not declining in usage because the Internet (number of connected people) is still growing, but their user growth has slowed down significantly, to the point where they had a quarter with a decline in daily active users. That’s bad for a platform like that, and their stock price has reflected that.
Facebook is still kicking but they had to buy Instagram because they were bleeding users to it like crazy. They’re not declining in usage because the Internet (number of connected people) is still growing, but their user growth has slowed down significantly, to the point where they had a quarter with a decline in daily active users. That’s bad for a platform like that, and their stock price has reflected that.