Tech

Daily Facebook users up again after first-ever decline

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Posted: 28/04/22 - 09:20
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Facebook stopped losing users as 2022 got under way, even as its owner reported its slowest revenue growth in a decade.

The number of daily active Facebook users grew to 1.96 billion in the first three months of the year, parent company Meta reported on Wednesday.

That marked a turnaround from last year, when the social network reported a decline in users for the first time.

The drop wiped billions from the firm's market value.

Since executives disclosed the fall in February, the firm's share price has nearly halved.

But shares jumped 19% in after-hours trade on Wednesday.

"More people use our services today than ever before, and I'm proud of how our products are serving people around the world," said Meta boss Mark Zuckerberg, who founded Facebook in 2004.

But Meta - which also owns Instagram and WhatsApp - still reported its slowest revenue growth in at least a decade.

I Call True: The rise, fall and rise of the tech giants. No big shock here

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3 Comments
29 days
2 upvotes
No surprise that people drop in and out of one social media branch or the other.
29 days
2 upvotes
I think this will be how things are now that saturation point has surely been reached.
29 days
3 upvotes
As sure as Tick follows Tock, oh hang on wrong parent company