2 thoughts on “Don’t forget how Facebook really makes money

  1. Donny says:

    “Facebook Gave Data Access to Chinese Firm Flagged by U.S. Intelligence” (NYT) https://www.nytimes.com/2018/06/05/technology/facebook-device-partnerships-china.html
    “50 million Facebook profiles harvested for Cambridge Analytica in major data breach” (Guardian, UK) https://www.theguardian.com/news/2018/mar/17/cambridge-analytica-facebook-influence-us-election
    “Generally, if a company can claim more than half of any age demographic among its customers, it would consider that a major success story. For Facebook (NASDAQ:FB), however, being used regularly by 51% of Americans ages 13 to 17 represents a sharp decline in popularity. According to Pew Research’s 2018 Teens, Social Media & Technology report, Facebook has fallen from the top spot among social media platforms to fourth place. Most alarmingly, since the last time Pew conducted a similar survey in 2015, its usage among teens declined from 71% to 51%, even though the percentage who say they’re online “almost constantly” has risen from 24% to 45%. https://www.fool.com/investing/2018/06/06/facebook-is-losing-its-cool-and-its-grip-on-teens.aspx

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