Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.
Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.
I haven’t been opening it for years, I have half a thousand friends there. Most of which I know personally, so no some internet randos. Maybe it was difficult at first, I don’t really remember. Some people messaged me there, and I haven’t been reading their messages for a very long time, so they assumed I don’t use the platform. I tried this many times in my past, but at some point I succeeded and today opening Facebook once a day sounds like a lot to me.
Because of this, it feels like nobody’s at Facebook. That’s an interesting bubble to be in. I have no idea how many people I personally know are there, but I afraid it still a lot.
I know a few people who have an account, but never post, and some who don’t even have an account.
It seems to be a generational thing, younger people (twenties and younger) just don’t seem to use it much at all.
Usage also depends on where, as there are some countries whose people have turned Facebook into their own encapsulated version of the Internet, where nearly every service is already embedded and they’re using those at maximum.