We're Watching Facebook Die
Better Offline
Cool Zone Media and iHeartPodcasts
4.6 • 688 Ratings
🗓️ 24 May 2024
⏱️ 38 minutes
🧾️ Download transcript
Summary
For three years, Facebook's monthly active users have been declining dramatically, with Facebook.com losing 397 million unique monthly visitors since May 2021. In this episode, Ed Zitron walks you through how Mark Zuckerberg's abominable growth-at-all-costs mindset has turned Facebook into a dystopia of AI-generated slop, dangerous misinformation and outright pornography, all as a result of Zuckerberg's intentionally harmful approach to social media.
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:02.5 | Guaranteed Human. |
| 0:06.6 | Hello. |
| 0:09.6 | Welcome to Better Offline. |
| 0:11.0 | I'm your host, Ed Zittron. |
| 0:16.1 | Better Offline. Last episode, I walked you through how Mark Zuckerberg and his top people intentionally ruined Facebook and have been doing the same thing with Instagram. |
| 0:33.2 | What you're probably wondering is what the net effects of that are, and they're not great. |
| 0:38.6 | In the first quarter of 2024, Meta made $36.45 billion, of which $12.37 billion was pure profit. |
| 0:47.7 | Though the company no longer reports daily active users, it now uses another metric, family daily active people. This number, which could also |
| 0:57.5 | be the name of a gym, refers to registered and logged in users of one or more of Facebook's family |
| 1:03.2 | products who visited at least one of these products on a particular day. This, again, seemingly |
| 1:09.1 | innocent change to how Facebook reports growth is quite significant in |
| 1:13.8 | that Facebook will no longer have to report its daily or monthly active users, meaning that the |
| 1:19.1 | only source of truth in Meta's growth story is an extremely vague growth metric that could |
| 1:24.2 | be manipulated to mean just about anything. Though Meta doesn't really explain this number anywhere, |
| 1:30.2 | 3 billion daily active people across Meta's family could combine WhatsApp, Instagram, |
| 1:35.2 | Facebook, Facebook Messenger, Facebook portal, Oculus, threads, |
| 1:40.1 | and maybe some other dead Facebook product that they forgot to kill off of the app store. |
| 1:45.0 | I'm not really sure, and it's not like they tell us. |
| 1:48.0 | What's confusing is that in their fourth quarter, 2023 earnings, |
| 1:53.0 | Meta reported that it had 2.11 billion daily active users across its properties, |
| 1:58.0 | a number that is somehow distinct from the 3.19 billion family |
... |
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