Credit: Edgar Cervantes / Android Authority
- For the first time in history, the number of average daily users on Facebook declined.
- Quarter-over-quarter, Facebook saw one million fewer users visiting the site daily.
- This news, combined with a lackluster earnings report, saw Meta’s stock drop by nearly 20%.
Over the past few years, Facebook has had its fair share of controversies. The Cambridge Analytica scandal was a big one, but the various security breaches were also pretty bad. However, none of this stopped people from actually using the site. Every quarter, like clockwork, the average number of daily users went up or at least stayed stagnant.
That streak just ended (via The Verge). As a true sign of Facebook decline, parent company Meta reported its first-ever drop in average daily Facebook users. This past quarter, the site saw 1.929 billion daily users. In the quarter prior, it saw 1.93 billion.