Meta reports 20 million user decline across platforms, blames Iran and Russia disruptions
By
Jess Weatherbed
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Meta reported a decline of 20 million "Family daily active people" (across Facebook, Instagram, WhatsApp, and Messenger) in the last quarter. The company attributes this drop to internet disruptions in Iran and restricted access to WhatsApp in Russia. Despite this user decline, Meta plans to significantly increase investments in AI this year.
Key quotes
· 3 pulledMeta reported that figures for 'Family daily active people' declined by 20 million this quarter compared to the previous three months.
Meta attributes this fall to 'internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia.'
Meta is planning to pump billions more into AI investments this year, despite noting that millions of users have seemingly started to abandon its platforms.
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