May 19, 2022

The Queens County Citizen

Complete Canadian News World

Facebook is losing users in the US and Canada

Facebook is losing users in the US and Canada

“As expected, in the third quarter of 2020, Facebook DAUs and MAUs in the US & Canada fell slightly from second-quarter 2020 levels, which increased due to the impact of the COVID-19 pandemic,” Facebook wrote. Press release. “In the fourth quarter of 2020, we expect this trend to continue and the number of DAUs and MAUs in the US & Canada to fall flat or slightly compared to the third quarter of 2020.”

The company has previously reported a large Growth increase At the beginning of the year due to extensive coronavirus lockdowns. Facebook is not seeing the same slowdown everywhere, and the social network continues to add new users in Asia and its “other global” markets. The company, which connects Facebook, Instagram, WhatsApp and Messenger, has also continued its “Family of Apps” metrics. The company said that number had risen to 2.54 billion “daily active people” in September.

The slowdown does not appear to have affected Facebook’s revenue, which is $ 21.4 billion this quarter, a 22 percent increase over last year and better than the company’s analysts’ expectations. Facebook reported over 18 billion in ad revenue Last quarter, Despite a well-publicized advertiser expulsion.

During a call with analysts, CEO Mark Zuckerberg stressed the work of Facebook Upcoming elections, And said he was concerned about “civil unrest” after election day. The company has taken a number of steps over the past few weeks and months to prepare for elections, such as banning political advertising after election day and cracking down on Qian.

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“Because our country is so divided and it could take days or weeks for the election results to be finalized, I fear there is a risk of civil unrest across the country,” Zuckerberg said.