Slashdot Mirror


Facebook Reports Slowing Revenue and User Growth (cnbc.com)

Facebook released its third-quarter earnings on Tuesday and the results are mixed. While revenue rose 33 percent and profit increased 9 percent for the third quarter from a year earlier, revenue growth was down from the 42 percent jump that Facebook had reported in the previous quarter (Warning: source may be paywalled; alternative source). "Facebook also said its daily active users increased 9 percent from a year earlier to 1.49 billion, compared with 11 percent growth in the previous quarter," reports The New York Times. "It's monthly active users reached 2.27 billion." From the report: The social network has spent the past 18 months under scrutiny for the spread of disinformation, hate speech and leaks of user data. Executives have vowed change and Facebook has scrambled to apply fixes, even as new issues surface on an almost weekly basis. Mark Zuckerberg, Facebook's chief executive, has said there is likely to be future hits to profit margins as it works to repair systemic issues. The social network has pledged to hire tens of thousands more people to monitor content across its platform.

30 comments

  1. Slowing User Growth? by sexconker · · Score: 2

    Bullshit! It's accelerating user growth! (In the negative direction.)

  2. Banning people for the wrong political opinions by Anonymous Coward · · Score: 1

    and they wonder what happened to user growth. Censorship is never going to work.

    1. Re:Banning people for the wrong political opinions by Anonymous Coward · · Score: 0

      Meh, they just tried to stop bots used by advertisers and lobbyists. Surely they will lower the bar and get back their steady growth of one-time users who do nothing but press like button of a product and write a SEO posts.

    2. Re:Banning people for the wrong political opinions by Anonymous Coward · · Score: 0

      Kicking nazi faggots to the curb always works. And they whine SO GOOD when you do it too, lol. Society won't miss you, sorry bitches!

      NPC.exe is performing at optimal levels.

  3. Re:Thanks TRUMP! by Ol+Olsoc · · Score: 0, Flamebait

    Slowing economy...could be only TRUMP blaming the fed.

    Nah, alomst tw years after he left, it is of course, the Kenyan Terror baby's fault.

    We should count ourselves fortunate to have elected a president who has never been wrong, and never will be.

    When the hell are we going to make this approved by God who walks among us president for life, and extend all powers to his wis and faultless decisions. Wake up America!

    --
    The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
  4. maxing out the Earth's population by Anonymous Coward · · Score: 2, Interesting

    the population of earth is about 7.5 billion
    so facebook has 2.3 billion users
    how many potential users are left to get?
    5.2 billion

    but

    1.3 billion people live in China, which bans facebook, and has better alternatives anyways

    that brings us down to 3.9 billion

    but 1 billion people live in grinding poverty and could never afford it

    that brings us to 2.9 billion

    about a billion people are children

    we are down to 0.9 billion

    -----

    Basically Facebook's only place to massively get user growth is Africa;. But WeChat is much more popular there.

    1. Re:maxing out the Earth's population by Anonymous Coward · · Score: 0

      Basically Facebook's only place to massively get user growth is Africa;. But WeChat is much more popular there.

      User growth is not sustainable.

      Anybody who possess the intelligence and economic means to use a computer and access Facebook/the Internet in general, is already doing it. The only people left are the low-IQ third world monkeys who are no benefit to any business looking to make a profit.

      Which brings us to the real problem. Facebook is very profitable and profits are growing. But, like all businesses today, it's never enough. Profits are up 10 percent? We want 20. Profits are up 20 percent? We want 30. Revenue is up 30 percent? We want 40. No amount of money is ever enough.

    2. Re:maxing out the Earth's population by nukenerd · · Score: 1

      Anybody who possess the intelligence and economic means to use a computer and access Facebook/the Internet in general, is already doing it.

      I think I tick those boxes, but I don't do it. Perhaps you missed out "... and wishes to use Facebook ... " ?

  5. Does anyone still use FB? by WillAffleckUW · · Score: 2, Insightful

    Seriously, how lame do you have to be to still use FB?

    --
    -- Tigger warning: This post may contain tiggers! --
    1. Re:Does anyone still use FB? by Anonymous Coward · · Score: 0

      agree...

      while I met my wife on there (back when the social me app on FB was a thing - and ppl didn't whinge about volunteering their personal information online)

      I realised how much of my life I wasted on there - and haven't been on in years.

    2. Re:Does anyone still use FB? by Anonymous Coward · · Score: 0

      https://www.adweek.com/digital/another-big-app-disappears-this-time-its-social-me/

      2008 - geez - I think I joined FB in 2007

    3. Re:Does anyone still use FB? by Anonymous Coward · · Score: 0

      agree...

      while I met my wife on there (back when the social me app on FB was a thing - and ppl didn't whinge about volunteering their personal information online)

      I realised how much of my life I wasted on there - and haven't been on in years.

      Years ago, I was curious so I decided to check out Facebook. I looked up all the hot girls I went to high school with. They're all posting pictures of their grandchildren. So depressing. After constantly getting bombarded with messages about something called Farmville, I cancelled my account and never went back.

    4. Re:Does anyone still use FB? by Anonymous Coward · · Score: 0

      And if anyone needs any more incentive to get off Facebook, I have a good friend who just had a fantastic job offer rescinded based exclusively on his intolerant and racist rants he published several years ago. Ironically, the things he posted were quite mild compared to today's level of discourse.

    5. Re:Does anyone still use FB? by Anonymous Coward · · Score: 0

      Seriously? That's your takeaway?

      How about "don't be an intolerant racist" if you want a job in a decent company? Or if you are, keep it to yourself - if he didn't have Facebook but had Twitter, or a blog, or told people who might be references for him wouldn't have got the job then either.

  6. Good. by Anonymous Coward · · Score: 0

    Thank the devil.

  7. and nothing by Anonymous Coward · · Score: 1

    ... and nothing of value was lost

    Oh BTW first post!

  8. Its most likely peaked by Anonymous Coward · · Score: 0

    Eventually more will leave then become new users. Were close to that point.

  9. As an atheist... by TimMD909 · · Score: 1

    ... I'm a bit torn. If Facebook is starting to die, maybe there is a God...

  10. Facebook is your enemy! Using it is really dumb... by atrimtab · · Score: 3, Informative

    The 2 night Frontline documentary covers many of the issues with Facebook:

    https://www.pbs.org/wgbh/front...

    It's clear that Facebook is everyone's enemy. So why would anyone use them just so they can manipulate you for their own purposes or just rent that manipulation information about you for profit?

    Think of the creepiest entity ever watching and listening in on everything you do on their platform then using all the info you provide against you for profit. That is what Facebook is!

    --
    Facebook is billions of individual "Skinner Boxes." And if you use it you are the pigeon!
  11. Idiots by Anonymous Coward · · Score: 0

    The fact that Zuckerberg publicly admitted to saying "I guess people trust me with their information... dumb fucks" and people still use Facebook leads me to the conclusion that there are 2 billion idiots in the world.

    1. Re:Idiots by nukenerd · · Score: 1

      Sounds like a UK high street jewellery chain, Ratners. It collapsed after Ratner himself said his stuff was "crap". He went on to say :-

      one of the sets of earrings was "cheaper than a ... prawn sandwich but probably wouldn't last as long"
        Ratner's comments have become textbook examples of why chief executives should choose their words carefully

      (from The Guardian)

      Unfortunately, Facebook seems to be having a slower death.

  12. Re:Facebook is your enemy! Using it is really dumb by Anonymous Coward · · Score: 0

    If you are selective with what you post and cognizant of manipulation attempts, you can still use it to gain contacts. Unfollow judiciously.

  13. There are many reasons not to use Facebook by ruddk · · Score: 1

    There are many reasons not to use Facebook. I realize that it has its uses as well.
    But I only need this old bit of news not to open an account on their site again.

    Facebook reveals news feed experiment to control emotions
    Protests over secret study involving 689,000 users in which friends' postings were moved to influence moods
    https://www.theguardian.com/te...
    ---
    It has published details of a vast experiment in which it manipulated information posted on 689,000 users' home pages and found it could make people feel more positive or negative through a process of "emotional contagion".
    ---

    I now avoid Twitter altogether, while the updates from people you follow could be useful and interesting, the following comments are guaranteed to make your day worse. Twitter seems perfect for people with no insight or talent to blare out their stupidity and get it amplified by other numbskulls.
    Worst of it all is that the panicking old news is latching on to that to create clickbait news in a failing attempt to stay alive. Self-destructive behavior.
    "Let's see what people say on Twitter", for the love of God, NO! You have lost all credibility as a serious source of information.

  14. Re: Banning people for the wrong political opinion by Anonymous Coward · · Score: 0

    There's a lot of crap on Facebook that offends me. I hope we can also get rid of the foul language and other offensive items as well. Having them begin to censor is a positive so I'm hoping to get rid of the language issues too. P*rn and skimpy items should also go. There's kids on Facebook I don't want them to search and find that stuff on Facebook at all. I'm glad you were in support of the continued censoring on Facebook

  15. Re: Banning people for the wrong political opinio by Anonymous Coward · · Score: 0

    How about a pre-post scan to determine if bullying language and other offensive items are about to be posted and stop the post?

  16. Re:Thanks TRUMP! by Anonymous Coward · · Score: 0

    You're not the real Ol Olsoc, he has a 4-digit user ID here, yours is 7 digits, please fuck off back to 4chan, you massive faggot. Also Trump is a TRAITOR who continually attacks the Constitution, which POTUS is supposed to defend and protect above all else.

  17. Re:Facebook is your enemy! Using it is really dumb by atrimtab · · Score: 1

    The collection of data from every interaction is at scale. Every interaction is recorded, while manipulation and testing for effective manipulation is constant.

    If you are using Facebook and *think* you are cognizant of the manipulation, you are being effectively manipulated.

    If you provide 300 Likes to Facebook, or just visit sites with Like buttons they know about how you'll react to given stimuli (an article, news post, ad, pitch) than your spouse or family.

    Newsfeed is particularly manipulative. It watches every click all the time and quickly builds an interest and personality profile on users.

    All salespeople, grifters and conmen know that the more they know about the mark, the easier it is to manipulate them. You give Facebook and anyone they rent the data they've collected on you tremendous power over you in exchange just for connecting with other people. Something you can easily do on the Internet without using Facebook.

    --
    Facebook is billions of individual "Skinner Boxes." And if you use it you are the pigeon!