> Facebook might be (rapidly) declining
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.
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.