Facebook lost half a million global daily users in the fourth quarter of 2021. A drop in a bucket when Meta hosts 1.93 billion total daily active users. As a result, Meta shares are now down 20%, not because the business stopped working, simply because the market thinks they might have topped out. So, we move on.
There are limits to growth even when almost 2 out 7 people use this product every day. So the question we have to ask is, why are we working to be so popular? If everyone is using it, then we must dumb it down. Therefore, if everyone is using it, it wouldn’t be remarkable then.
It’s not just Facebook. We saw this with Amazon, Uber and WeWork. What makes the shareholders happy is to see the imaginary numbers go up. Running a nonprofit, I can tell you people are sometimes generally confused when we ask for help and their response is under the mindset of “What’s in it for me?” It isn’t easy to turn on this mentality of “What can I give?” or “How can I help?”