Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

GET WOKE GO BROKE: Facebook Stock Tumbles 20% As Users Abandon the Site

February 3, 2022 By The Editors

President Donald J. Trump welcomes Facebook CEO Mark Zuckerberg Thursday, Sept. 19, 2019, to the Oval Office of the White House. (Official White House Photo by Joiyce N. Boghosian)

For the first time ever, Facebook (now officially part of Meta) has lost users. For the last quarter of 2021, Facebook reported a drop of almost 500,000 daily logins. The loss comes at a time when younger users are opting instead to use the short-form video app TikTok. Meanwhile, conservative users are abandoning the platform in droves in response to Facebook’s left-leaning censorship. The bad report caused a 20% drop in the price of Meta stock overnight. Taking a bet on Meta’s appeal to users is simply not investing. The Daily Mail’s Natasha Anderson reports:

Analysts allege investors had expected signs of declining user growth but were ‘taken aback’ by the amount of ad dollars the company lost in wake of TikTok’s growth.

TikTok is dominating the short-form user-generated video market, despite Meta offering its own Reels product on Instagram.

Data indicates the platform lost consumers to TikTok and  saw lover revenue from ads destined for its short-form videos, according to Bloomberg.

The figures, however, should not have blindsided investors as there have been repeated signs that Meta was trying to compete with the new video format.

Last summer, Instagram chief Adam Mosseri moved the platform’s focus to embrace videos instead of its usual emphasis on photo-sharing, a move Mosseri said was inspired by TikTok’s rising popularity.

Zuckerberg emphasized the move during Wednesday’s earnings call, reiterating that Instagram would continue to focus on Reels.

The CEO has also been adamant that Meta’s long-term success is dependent on his Metaverse vision.

However, figures reveal the company has lost over $20 billion on Metaverse projects over the last three years.

The data also revealed that consumers are being less interested in the Facebook platform, specifically in Africa and Latin America, where the loss of daily users was greatest. Some analysts allege this shows the product may be globally saturated.

Meta’s fourth quarter earnings reports also indicate the platform’s user growth has stalled in the US and Europe, a trend witnessed over the last several years.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • 20-Year Review: Stock Market Cuts Investors’ Wealth Roughly in Half—Twice
  • Coronavirus Infects Stock Market
  • This Stock Pays Since 1890
  • World Class Stock Market Performance
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • More Returnees than Refugees at Ukrainian Border - May 17, 2022
  • Will the War in Ukraine End Before 2023? - May 16, 2022
  • No More Big Macs in Moscow? Ever? - May 16, 2022

Dick Young’s Must Reads

  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • My Smith & Wesson Revolvers Home Defense Team
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • A Look at the Future of Main Street America
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • Making America Great Again Is What America Wants
  • Escape From the City: You’re Going to Like What You See
  • Conflict Between Democratic Sovereignty and Transnational Progressivism (Globalism)

Our Most Popular Posts

  • Tucker Carlson Interviews My Favorite Florida Farmer
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • Baby Formula Gone Missing?
  • What’s Ahead for America During Biden’s Last Years
  • “We Cannot Save Ukraine by Dooming the US Economy.”
  • PRICES SOAR: Diesel Shortage Could Cripple America's Economy
  • WATCHING YOU: Italy Deploys Stealth Social Credit System
  • BE VIGILANT: The Rats Are Scurrying in These Rough Markets
  • How Democrats’ Heyday Imploded
  • BUSTED BUDGETS: Families Can't Afford Democrats' Anti-Energy Regulations

Disclosure

RSS Youngresearch.com

  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?
  • Young Americans Fall in Love with Farming, Again
  • Your Survival Guy: “Sell in May, Buy After Labor Day?”
  • China’s Economy Taking Hit from Zero-COVID Strategy
  • Is Your Financial Advisor Hiding the Truth About ESG?
  • The Clock is TikTok-ing on Legacy Social Media Platforms
  • PRICES SOAR: Diesel Shortage Could Cripple America’s Economy
  • CRYPTO: Has the Fire Gone Out?
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • The Innovation Bubble Goes Bust

“We Cannot Save Ukraine by Dooming the US Economy.”

What’s Ahead for America During Biden’s Last Years

BE VIGILANT: The Rats Are Scurrying in These Rough Markets

COERCION BY APOCALYPSE: The Great Reset Wants to Transform Society with Disaster

More Returnees than Refugees at Ukrainian Border

DIGITAL DOLLAR DOOMSDAY: The Wall Street Journal Is NOT Going to Tell You This

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives