Social media joins this week’s media meltdown: FB shares down -20%

Social media joins this week’s media meltdown: FB shares down -20%

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Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings, gave weak guidance and said user growth has stagnated.

Source: Facebook-parent Meta (FB) Q4 2021 earnings

Personally, my FB friends seem to post less and less. I login and there is little new content in my news feed as it shows me the same things I saw yesterday and the day before – and so on. My “feet on the ground” perspective is that people are losing interesting in FB’s core business.

Instagram has gone the same way, although due to the nature of who I follow there, there is less new content due to pandemic restrictions.

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