Can the tremendous exodus of young people from Facebook lead to the world's largest network's demise?
The online giant Facebook experienced its first dip in active users in the last quarter of 2021. While the number of monthly users stayed unchanged, the number of daily users (known as DAU in Internet parlance) decreased by as much as one million.
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The number of daily users climbed slightly to 1.96 billion in the first quarter of 2022, although the market value of Meta (formerly Facebook) has been declining since September 2021.
Mark Sweney wrote in the theguardian.com that It was difficult to see Facebook closing with 2 billion registered members. But he added that we must not forget what happened to Second or MySpace.
I agree with him. In my family, I still see teens using their Facebook accounts.
Teens are using Snapchat and Tik Tok. It does not mean that the registered users of Facebook leaving it. They use Facebook to remain connected with their families and friends.