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noncoml · 6 years ago
> Facebook daily active users (DAUs) – DAUs were 1.73 billion on average for March 2020, an increase of 11% year-over-year.

So despite all the hate and rumors that less and less people use FB, the numbers tell a different story

gonehome · 6 years ago
Yep - it's easy to look back at all of the bad HN predictions from two years ago: https://news.ycombinator.com/item?id=16683278

General HN anti-FB sentiment has been wrong on this issue for a long time.

aaomidi · 6 years ago
It would be interesting to see the demographic changes that come with Facebook.

I have a feeling younger users are leaving and older users (especially now that they're more isolated than before) are joining.

thatcat · 6 years ago
Or growth is not in the US market and predictions were right.
sanderjd · 6 years ago
I have been using facebook for nearly 15 years, and there has never been a time at which your exact statement wasn't true. It has been both hated and fast-growing for pretty much its whole existence.
Groxx · 6 years ago
I dunno... early on (e.g. while locked to universities) I very much didn't see widespread un-like for it. I overheard tons of people who were thrilled when it became available, and even after a year or two I don't think I heard any complaints (except that you couldn't put gifs everywhere). It was dramatically more useful than anything else we'd used, especially the stuff the school was offering.

After it opened up, yeah, it wasn't long before sentiment shifted :) I'm not sure when I'd label it crossing a majority of what I hear, but there was a definite shift within a year or so.

throwaway1777 · 6 years ago
Not really, the press and general sentiment was very positive around Facebook up until around 2015-16 when the Trump election kicked into gear.
jhwang5 · 6 years ago
Quarantine only reinforced people's zombie-browsing (FB, IG) habits, since there's nothing else to do.
noncoml · 6 years ago
> financial results for the quarter ended March 31, 2020

The quarantine period is only 15 days or so for US, a bit more for couple other countries.

superpermutat0r · 6 years ago
It's so sad because there's so much more to do. Socializing with your family, exploring intellectual curiosities, exercising, reading old books, learning something new.

The human brain compute in this modern age is sadly wasted.

Kiro · 6 years ago
HN is notoriously bad at predicting trends. We're blinded by hate.
gdilla · 6 years ago
is it though? In terms of human population, there's still billions of people for FB to 'acquire'. But I would still venture that it's worrisome if they're shedding users/usage in the USA or the west in general as they are usually monetized much better.
realtalk_sp · 6 years ago
It seems like they're rolling all their platforms (Instagram, Messenger, WhatsApp, FB Main) into that one metric? HN's position has generally been that FB Main is on the decline and I'm not sure this metric is enough to contradict that.
alasdair_ · 6 years ago
>It seems like they're rolling all their platforms (Instagram, Messenger, WhatsApp, FB Main) into that one metric? HN's position has generally been that FB Main is on the decline and I'm not sure this metric is enough to contradict that.

Those numbers are for FB Main. The number of active users across all platforms is 3 Billion.

From the linked report: "Family monthly active people (MAP) – MAP was 2.99 billion as of March 31, 2020, an increase of 11% year-over-year."

pthomas551 · 6 years ago
FB mainsite is on the decline...in the US.

Globally it's still going strong.

Dead Comment

holler · 6 years ago
Just saw TikTok cracked 2Billion downloads and had the thought that it's confirmation that the best way to "beat" any of the major tech companies is to build a great product that people enjoy. I'm sure Zuck is feeling the heat, and personally I've noticed I'm receiving mostly tiktok links now from friends.

https://techcrunch.com/2020/04/29/tiktok-tops-2-billion-down...

actuator · 6 years ago
As someone who has not used Tiktok what does Tiktok do differently from existing products like Instagram? Wouldn't videos in Instagram stories/posts already cover Tiktok's usecase?

Also, I guess give Zuck time. He weathered the Snapchat storm and left them far behind.

throwaway1777 · 6 years ago
TikTok is winning at making random people famous. It’s not really about friends and celebrities as much as Instagram. It’s also picking up from Vine on surfacing short videos that are super addicting to watch. Twitter really killed a golden goose with Vine.
joshmn · 6 years ago
The TikTok hook is that any user can re-use the audio from any video to create their own video.
holler · 6 years ago
I think there's a few considerations on the potential for TikTok. IG is laden with ads to where it degrades the UX (every 2-4 pics/videos is an ad), it's been taken over by insta "models" and paid-for-content which makes it less appealing to the average joe/jane, it tries to do too much.

From my limited exposure what I'm seeing is that a ton of millennials are on TikTok making funny videos. I mean, TONS of people in past weeks. I checked it out maybe a year or so ago and it was all teenagers, but now it's millennials which btw are the users that made facebook/instagram what they became. So far it isn't laden with ads, the UX is very simple (1 video at a time and that's it), it's owned by a massive Chinese conglomerate with deep pockets and a likely appetite to take on FB.

edit: as someone else said the feature that makes it unique is the ability to use the audio from anyone else's video. They also have a large catalog of existing audio to choose from...

chourobin · 6 years ago
the content is incredibly addicting. i was skeptical at first but don't underestimate people's creativity. they did a great job unlocking that with music.
texasbigdata · 6 years ago
Remember vine?

Arguably a nicer 2.0.

Super addicting.

byefruit · 6 years ago
Their effective tax rate is only half what it was the previous year. Any ideas what changed?
chapplap · 6 years ago
The $3B FTC fine was deducted from Q1 2019's income, substantially increasing the effective tax rate for that quarter. The fine was not a tax-deductible expense.
actuator · 6 years ago
It has been interesting to see the different approaches to future planning in the wake of Covid-19 by the two big ad players.

While Google is looking to scale back on things like hiring, FB looks to be going all in on this opportunity and doesn't seem to be slowing down with future plans specially wrt hiring(though they have pushed back joining dates to the later half of the year). They even considered it wise to do an all cash deal for $6 billion for a minor stake in a telecom provider in India.

mcharezinski · 6 years ago
FB to the win. Younger company. PIP culture. Hot products. They will collect nice talent during current recession. Bad for Google.
actuator · 6 years ago
Don't all companies have PIPs? Does Facebook have disproportionately high percentage of PIPs compared to their peers in FAANG, even Amazon?
mobileexpert · 6 years ago
Stock appears to be soaring after hours.
yalogin · 6 years ago
Wonder if Amazon will beat numbers too.
Steve886 · 6 years ago
Not great results