https://investor.fb.com/investor-news/press-release-details/...
Q3 revenue: $17.34 billion from advertising
Daily Active Users were 1.62 billion on average for September 2019, an increase of 9% year-over-year
Monthly Active Users were 2.45 billion as of September 30, 2019, an increase of 8% year-over-year
This[0] is how they make money. 2.41 billion monthly active users.
"Active users are those which have logged in to Facebook during the last 30 days."
Advertising on Facebook seems to be also very profitable (at least that's what I read several times). I don't use Facebook, however, it's still a thing. Saying it's dead is blind.
[0]: https://www.statista.com/statistics/264810/number-of-monthly...
Mhh.. that's a great way of describing it.
FB did $40B, $55B, and ~$68B in revenue for 2017-2019. Instagram has done ~$4B, $7B, and ~$15B for 2017-2019. Almost all of that revenue are from ads or other services via Facebook.com itself. And then Instagram.
FB barely monetizes two of the three most dominant chat/messenger apps in the world - FBM and WhatsApp. WhatsApp is closing in on 1.75B monthly active users. FBM is closing in on 1.5B monthly active users. Both targets should be met in 2020. FBM has Facebook in its name. Not to mention the billions of active users Facebook and Instagram (well 1B+) each have.
Instagram is how they are making money
FB did $40B, $55B, and ~$68B in revenue for 2017-2019. Instagram has been ~$4B, $7B, and ~$15B for 2017-2019. IG as a part of revenue has certainly grown from ~10% to ~22%. However it’ll be a while before it gets to be the majority. IG has possibly had its biggest growth period by now and has already had a lot of ads added.
I wouldn’t bet against it topping 1/3 revenue in 2021. Hard to predict that and beyond that. FB may also [begin to] monetize FBM and/or WhatsApp or something else by 2022.
https://www.digitalinformationworld.com/2019/07/average-annu...
Is it really just some old people there now and a bunch of influenza seeking self confirmation through meaningless likes and then the majority which is left is perhaps some bots and political activits to spam those few old people with shit that nobody outside their bubble gives a damn? This is a serious question, what's happening on Facebook nowadays that still keeps that domain alive?
> If a porn site were the subject of an investigation that revealed it had been home to millions of images of child abuse content, its parent company probably wouldn’t remain in business for much longer. For Facebook, however, a Times piece that alleged an epidemic of child abuse on its platform was just a bad news day. That’s a stark difference in reaction to the same offense, and one that should give us all pause.
So true. How is Facebook not being penalised really badly for this? Facebook distributing child absue through their unmoderated platform is the same as if Facebook would have build a bunch of robots who would have handed out child abuse magazines to millions of households. It is literally the same - a machine, which allegedely can't see - publicising horrendous content to millions of people. In the latter case Zuck would be locked into a prision cell on Guantanamo Bay for the rest of his life, in the former he just shruggs it off like nothing and keeps being one of the richest people on earth because of it. Quite stark contrast.