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February 04, 2022

FaceBook Loses Active Users For the First Time In History

Here's a white-pill moment.

Facebook's growth in users -- a near constant since the company created its viral social network in 2004 -- is slowing.

Daily active users dropped from 1.93 billion to 1.92 billion, with the drop coming from Africa and Latin America. Facebook's growth has long been stagnant in the U.S. and Europe, but previously made up for it by consistently adding users all over the world. These new numbers suggest that Facebook is becoming saturated all over the world as well -- a potentially worrisome trend and one that shows another reason the company is pushing so hard into new arenas such as hardware.

Right, they've gone as far as they can go with their stupid Likes and Walls model which is why they're pushing the truly dystopian idea of people living their lives in the "Metaverse."

The news about their user base stagnating set off a major sell-off for FaceBook's parent company, the stupidly-named, idiotically-conceived "Meta." It lost a quarter of it's value, around $230 billion.

Shares of the social media giant were down more than 26% Thursday, the first day of trading after Meta reported a decline in profit and users during the last three months of 2021 -- and most tellingly, forecast revenue declines in the current quarter.

Meta's market value fell more than $230 billion to a market capitalization of about $661 billion. The company's market cap had been $898.5 billion early Thursday.

Zuckerberg lost some money. But not enough.

Facebook co-founder and Meta CEO Mark Zuckerberg personally lost nearly $32 billion Zuckerberg is the largest individual Meta shareholder, with more than 374.8 million shares, or about 12.5% of total shares outstanding, according to S&P Global Market Intelligence.

Zuckerberg's shares had been valued at $121 billion before the market opened Thursday. When the markets closed, his holdings were worth $89.1 billion.

Here's an ad for FaceBook's new "virtual world, "Horizon." They say they want you to "try new things" -- new things, like sitting at home on the computer all fucking day long.

You know, "new things" like that.

Go out there and really explore, baby. Live life to the full.

What a bunch of absolute jive turkeys.

I have about three drops of hope left for humanity and I hope that humans are not stupid enough to sign up for "Horizon" with the promise that they'll see a "world in 3D."

Like the world available for free without the need for a subscription or optical device.

BTW, I'm not knocking a 3D virtual game. I'd like to play one some day. I'm knocking the idea of creating Ready Player One virtual world alternative to the real one for the general consumer.

I can't believe they're selling the idea of pursuing hobbies like painting in the virtual world.

Excuse me -- I speak Jive Turkey.


So this is for people who've always dreamed of... becoming a computer avatar?

But Ryan Long says that rich people are investing money in "virtual property" in the "metaverse," and other people are following their lead.

The below video, for example, says Snoop Dogg bought some virtual property, and his fans are buying up "lots" nearby to be "virtual neighbors."

Goodness I hope they all lose their money.

I know I'm spreading FUD (Fear Uncertainty Doubt), but all the markets for all these investments in piles of pixels can't all persist, can they?*

* I specifically do not mean whatever blockchain-type electronic investment you have your money in. That's a solid investment. I mean the other ones.

We should come up with one of these scams, I mean, nontraditional electronic stores of value. We can really fleece those jive turkeys.

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posted by Ace at 01:06 PM

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