2024-02-05
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2 minutes.


Meta: Facebook has become a minor application and financial contributor after twenty years of its existence

It's been 20 years since Mark Zuckerberg first launched thefacebook.com online from his dorm room. The social network that was originally intended only for Harvard eventually took over college campuses and the world.

History of thefacebook.com: 20 years of journey and problems

Facebook and Meta: who is who

Today a social network Facebook, owned by Meta, has a diminishing role in the family of apps. American adults still actively use the platform, but three-quarters of them believe Facebook is harmful to society. This may be due to the global crisis of disinformation and hate speech. At the same time, Meta still generates billions of dollars in advertising revenue on Facebook. However, user growth has slowed so much that the company no longer discloses information about the number of people using the social network.

Meta Facebook has become a minor application and financial contributor after twenty years of its existence

Facebook is currently flooded with spam, and the news feed organization is focused on recommendations that are aimed at increasing views rather than posts people whom the user actually knows. This is annoying and alienates users.

Decline in Teen Interest

It's no surprise that teens are no longer as interested in social media as their parents still are. Only 33% of US teens report using such services at least once, compared to 71% in 2015. With this dynamic, the number of aging Facebook users will exceed the number of active profiles, leading some scientists to conclude that the social network will have more profiles of dead people than living ones.

Meta Facebook has become a minor application and financial contributor after twenty years of its existence

With over 3 billion users today, Facebook is still the flagship social network in Mark Zuckerberg's universe, despite that she is no longer the main character. The company even changed its name to Meta to break away from Facebook's worsening reputation. Currently, Facebook is just one of many applications that are part of the Meta family.

Meta: company of the future or a protracted story?

Lately, Zuckerberg has been trying to position Meta as a metaverse and artificial intelligence company. So far, these projects require billions of dollars in investment, but have not yet paid off. To fund them, the company has to rely on the success of the old but reliable Facebook.

Meta Facebook has become a minor application and financial contributor after twenty years of its existence

Glossary

  • Mark Zuckerberg - founder and CEO of Meta, formerly known as Facebook.
  • Facebook is a social network owned by Meta.
  • Meta is a technology company that owns Facebook and other platforms.
  • Harvard is one of the leading universities in the world, where the original thefacebook.com was launched.
  • USA - The United States of America is the country with the most Facebook users.

Meta Facebook has become a minor application and financial contributor after twenty years of its existence

Links

Answers to questions

How many years have passed since launching thefacebook.com?

It's been 20 years since thefacebook.com launched.

What role does Facebook play in the Meta family of apps?

Facebook is playing a diminishing role in the Meta family of apps.

Why do some users think Facebook is bad for society?

Users believe Facebook is harming society due to a global crisis of misinformation and hate speech.

Facebook users continue to grow?

Facebook's user growth has slowed so much that the company no longer discloses how many people use the social network.

Why are teenagers no longer interested in social networks?

Teens have lost interest in social networks due to a lack of relevant content and the attraction of spam.


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The article talks about how Facebook has over time become a minor app in Mark Zuckerberg's Meta universe and is a financial contributor to the company.


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