The fall of Facebook
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 2 November 2022
⏱️ 34 minutes
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Summary
In recent years the once dominant social media platform has been hit by problem after problem. Fewer people use it, and revenues and profits are down. So just what has taken a bite out of Mark Zuckerberg’s empire?
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Transcript
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| 0:00.0 | The humble postcode. You might think it's just numbers and letters, but what if yours could do something extraordinary? |
| 0:06.0 | In our October draws, your postcode could bring you and your neighbours a share of 11.2 million pounds. |
| 0:12.0 | It could bring that long-awaited adventure of a lifetime, or even that twin turbo V8. |
| 0:16.0 | Sign up before midnight on the 21st of September and see what extraordinary things your postcode could do. |
| 0:21.0 | People's postcode lottery. Good things come knocking. |
| 0:24.0 | People's postcode lottery manage lotteries on behalf of good causes, 18-plus condition supply, |
| 0:28.0 | play responsibly not available in Northern Ireland. |
| 0:42.0 | And now there's a new form of cyber matchmaking, college networking websites. |
| 0:46.0 | Is this perhaps the next big thing? |
| 0:48.0 | The Facebook was launched in February 2004 as a student directory. |
| 0:52.0 | Today the Facebook has nearly 5 million users across 1500 campuses. |
| 0:57.0 | It was the social network we all joined, then slowly left behind. |
| 1:02.0 | This is the day Facebook stood still, reporting a drop in daily active users for the first time. |
| 1:10.0 | For the first time ever, it actually lost a million global daily users in the last quarter of 2021. |
| 1:22.0 | With rivalry from younger apps, |
| 1:24.0 | TikTok is the latest app to capture the attention of teens and young adults across the world. |
| 1:29.0 | In 2020, TikTok became the world's most downloaded app in front of even Instagram and Facebook. |
| 1:37.0 | Government scrutiny into what happens to all the information it holds on users. |
| 1:42.0 | Facebook held a crisis meeting today. |
| 1:45.0 | The company now faces a federal investigation amid word it may have mishandled data for more than 50 million users. |
| 1:51.0 | And other tech firms laying siege to its business model. |
| 1:54.0 | Mark Zuckerberg saying that iOS 14 will cut Facebook's ad revenue because Facebook uses that info to sell targeted ads. |
... |
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