Facebook might be (rapidly) declining, but I didn't hear young people switch to Signal/Telegram in masses, because their parents are also using WhatsApp.
Also: Yeah, there's TikTok, but I think Instagram is not dead yet for young(er) people.
From Meta's Q3 earnings release[0]:
> Facebook daily active users [...] were 1.98 billion on average for September 2022, an increase of 3% year-over-year.
Check page 14, Monthly Active Users: They have slightly risen in the US, slightly decreased in Europe, strong growth in Asia and RoW.
Compare that to page 15, Average Revenue per User: US around $49, EU $14, Asia $4.4, RoW is $3.2. Those numbers are also decreasing for the US and EU.
So for each user you lose in the US or the EU, you'll need 3 to 10 new users in Asia, even more in the rest of the world, or you'll need to squeeze the existing users harder.
They're at best stalling.
"During the third quarter of 2022, the number of daily active users on Facebook reached 1.98 billion" (https://www.statista.com/statistics/346167/facebook-global-d...)
A site with 2 billion daily active users is relevant.
Worth nothing that TikTok has also increasingly been getting negative attention in the US as they grow.
Also, good luck getting TikTok to even reply to some weird European Data Protection official - from a country the size of a mid-sized Chinese city...
It could also be corruption at a higher level - the only reason Big Tech likes Ireland is because it's somewhat of a tax haven and accommodates unlawful practices like this one - if they stop being accommodating the companies will leave, so there's an incentive to not piss them off too much.
Additionally the alternative to having a subsidiary in Ireland with a "special relationship" with the Irish DPA (look up "GDPR one-stop shop") they'd be subject to every single DPA in the EU at the same time, not just the Irish one, which would also mean every DPA could fine them independently. This is why people familiar with this arrangement paid particular attention to the restructuring at Twitter Ireland (and especially its involvement in reviewing feature proposals for compliance) which seems to have killed its GDPR OSS role.
Not relevant?