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.

Comments

maxing out the Earth's population

[Anonymous Coward]

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

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