Facebook has not grown for the first time in history. It has seen a decline in users

The social network Facebook is starting to lose its popularity. While its number of users has continued to grow, its number of active users has fallen for the first time since its launch in the last quarter. The Verge portal addressed the topic.

Facebook and its statistics show a decline from 1.93 billion active users to 1.929 billion, while the company’s other platforms, Instagram and WhatsApp, are not doing very well either. The meta across all platforms gained 2.82 billion users in the last quarter, just 10 million more than in the third quarter of 2021.

As a result of this decline, the company lost market value. The value of its shares fell about 20 percent, which immediately lost about $ 200 billion. It seems that changing the corporate identity from Facebook to Meta was not enough to distract users or investors from the company’s problems. The decline in the number of active users may also have been due to the fact that young people prefer other social networks, such as TikTok.

Meta wants to invest more in virtual and augmented reality

Despite this, Meta is still extremely profitable, with a profit of almost $ 40 billion last year alone. On the other hand, a lot of money is lost due to the Reality Labs division, which specializes in the development of virtual and augmented reality or other technologies related to the effort to create a meta-version. The division earned $ 2.3 billion last year, but lost as much as $ 10.2 billion. Nevertheless, Mark Zuckerberg plans to increase her spending in the coming years, as he sees the combination of AR and VR as the future of computing.