this guy might want to include data about facebook user number, dau / mau, instead of stock numbers.
facebook itself, not even counting insta or whatsapp, continues to grow.
it is hard to claim a "collapse" if the user base is growing
Meta’s userbase is growing in regions which do not currently monetize well. Notably Asia-Pacific and “Rest of World” which monetize at 1/12th to 1/16th of a US/CA user.
The growth rate in US/CA is basically flat while those regions are 3-5% YoY.
and still growing. it is isn't unreasonable for that growth to be slower than less penetrated regions.
but that still doesn't produce a conclusion of collapse
that facebook has such a high percentage of users in the most profitable parts of the world, doesn't connect with the posts claim that users are leaving