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I have a Facebook account, but I've not logged in for many years now, I've never had the app installed on any of my phones (last time I used Facebook the chat app was still working in the mobile version of the web app) and recently some kids seriously asked me what Facebook even is. As far as I'm concerned it's dead and I wonder how they are still even making any money?

Is it really just some old people there now and a bunch of influenza seeking self confirmation through meaningless likes and then the majority which is left is perhaps some bots and political activits to spam those few old people with shit that nobody outside their bubble gives a damn? This is a serious question, what's happening on Facebook nowadays that still keeps that domain alive?

> If a porn site were the subject of an investigation that revealed it had been home to millions of images of child abuse content, its parent company probably wouldn’t remain in business for much longer. For Facebook, however, a Times piece that alleged an epidemic of child abuse on its platform was just a bad news day. That’s a stark difference in reaction to the same offense, and one that should give us all pause.

So true. How is Facebook not being penalised really badly for this? Facebook distributing child absue through their unmoderated platform is the same as if Facebook would have build a bunch of robots who would have handed out child abuse magazines to millions of households. It is literally the same - a machine, which allegedely can't see - publicising horrendous content to millions of people. In the latter case Zuck would be locked into a prision cell on Guantanamo Bay for the rest of his life, in the former he just shruggs it off like nothing and keeps being one of the richest people on earth because of it. Quite stark contrast.




Wow. It's a public company, there's no need to speculate based on personal habits.

https://investor.fb.com/investor-news/press-release-details/...

Q3 revenue: $17.34 billion from advertising

Daily Active Users were 1.62 billion on average for September 2019, an increase of 9% year-over-year

Monthly Active Users were 2.45 billion as of September 30, 2019, an increase of 8% year-over-year


> recently some kids seriously asked me what Facebook even is. As far as I'm concerned it's dead and I wonder how they are still even making any money?

This[0] is how they make money. 2.41 billion monthly active users.

"Active users are those which have logged in to Facebook during the last 30 days."

Advertising on Facebook seems to be also very profitable (at least that's what I read several times). I don't use Facebook, however, it's still a thing. Saying it's dead is blind.

[0]: https://www.statista.com/statistics/264810/number-of-monthly...


Facebook is still alive because it serves its primary purpose as a searchable book of faces. Even if gen z kids are not signing up anymore millennials will occasionally check in on their high school and college cohort and use it to look new people up. Meanwhile boomers actively use it to stay connected with family, especially if they have family abroad. It doesn't matter if everyone is in a little bubble, that's what they want. FB can still happily serve them ads. Twitter is for people with a global focus, it is where bubbles clash, Facebook is for confirmation and support from friends and family. Different people want different things.


You do realize that the oldest “millennials” are now 38? But what I’ve found is that the older people get (over 25) and start having busier lives and move away from their family and friends, the more they use FB. If you are a teenager in high school, you see your friends everyday.


I'm saying millennials checking on their highschool and college cohort after they graduated, like how did he or she do in the last 10 years? sort of thing. I'm aware that all school age kids are gen Z by now.


> Twitter is for people with a global focus, it is where bubbles clash, Facebook is for confirmation and support from friends and family.

Mhh.. that's a great way of describing it.


Facebook’s financial and publicly given business info is available online. One of the most valuable and profitable companies in the world that is still growing revenue in the double digits per year (and unlikely to end in the next two years) is anything but dead.

FB did $40B, $55B, and ~$68B in revenue for 2017-2019. Instagram has done ~$4B, $7B, and ~$15B for 2017-2019. Almost all of that revenue are from ads or other services via Facebook.com itself. And then Instagram.

FB barely monetizes two of the three most dominant chat/messenger apps in the world - FBM and WhatsApp. WhatsApp is closing in on 1.75B monthly active users. FBM is closing in on 1.5B monthly active users. Both targets should be met in 2020. FBM has Facebook in its name. Not to mention the billions of active users Facebook and Instagram (well 1B+) each have.


>I wonder how they are still even making any money?

Instagram is how they are making money


Not true at all. Estimates vary. But say Instagram is doing around $1.5B rev a month now. FB as a whole does over $5.5B rev a month.

FB did $40B, $55B, and ~$68B in revenue for 2017-2019. Instagram has been ~$4B, $7B, and ~$15B for 2017-2019. IG as a part of revenue has certainly grown from ~10% to ~22%. However it’ll be a while before it gets to be the majority. IG has possibly had its biggest growth period by now and has already had a lot of ads added.

I wouldn’t bet against it topping 1/3 revenue in 2021. Hard to predict that and beyond that. FB may also [begin to] monetize FBM and/or WhatsApp or something else by 2022.





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