Facebook Is On Its DEATHBED After Millions FLEE And A Wave Of Scandals

Tim Pool Daily News

Timcast Media

Politics, Society & Culture, News

4.4 • 7.3K Ratings

🗓️ 15 March 2019

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Facebook Is On Its DEATHBED After Millions FLEE And A Wave Of Scandals. It was recently reported that the social media giant lost 15 million users in the past few years, but most of these users are young people. This paints a terrible trend for the platform that is rapidly trying to transform itself into a privacy focused network.But amid this crisis they are being criminally investigated by Federal prosecutors, losing two of their top executives, and being hit by a massive global network outage.Mark Zuckerberg's plans seem to be failing and his actions only seem to be making the demise of Facebook happen sooner. While this is bad news all around it seems Facebook is still growing users on Instagram which may be its saving grace. All of this news comes as we also are learning that Twitters user base is shrinking as well. Could this be the end of the Social Media Giants? Support the show (http://timcast.com/donate) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Facebook is facing a full-blown crisis after several stories have dropped showing
0:04.9	this may be the beginning of the end for the company. It was recently reported that the
0:09.4	platform lost 15 million users in the past couple years. And while that's not a whole lot
0:14.2	compared to its total user base, it's mostly millennials. Young people don't find the platform
0:19.4	valuable anymore and are leaving. We're now learning that several deals Facebook made are being
0:23.9	criminally investigated and a grand jury has subpoenaed some of the companies that are working with
0:28.5	Facebook. And on top of that, two of Facebook's top executives have just left the company.
0:34.7	Mark Zuckerberg is desperately trying to restructure the product they offer to make it more valuable,
0:39.6	but it would seem like it's not working. Today, let's take a look at the various news stories that show
0:44.8	Facebook maybe on the way out. But before we get started, make sure you're subscribed to our new
0:49.5	YouTube channel, youtube.com slash subverse videos. The goal of this channel is to produce straight
0:55.2	lace news, expert interviews, and on the ground reporting so we can try and cut out as much of the
1:00.5	buys and spin as possible, but we're not perfect. So we're doing our best. And if you want to support
1:05.4	these videos, just share them on social media to help spread the message. Our first story from
1:10.0	just last week Facebook is rapidly losing millennials. US user base down 15 million since 2017.
1:17.8	Older users are taking up a larger percentage of the platform than ever before. According to a recent
1:22.4	study by Edison research, Facebook is hemorrhaging users in the US, losing about 15 million people
1:27.5	since 2017. The largest drop is among teen users and millennials. As of February 2019, 62% of 12 to 34
1:35.7	year olds in the US log into Facebook. This is down from 79% in 2017 and represents about 11 million
1:42.2	of the overall decrease. The 35 to 54 age group has also seen a 3% decline over the last two years,
1:48.8	with 69% of people using Facebook now versus 72 in 2017. While the US population on Facebook
1:54.8	continues to shrink, Facebook is reporting overall growth globally. This news helps quantify report from
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