| HN Mirror

Y	Hacker News new \| ask \| show \| jobs

by brilliantcode 3405 days ago

That graph looks scary for Facebook. Yet the share prices have not corrected to reflect it.

1 Tunisia 100

2 Turkey 95

3 Venezuela 95

4 Ecuador 87

5 Peru 86

6 Algeria 84

7 El Salvador 81

8 Serbia 77

9 Colombia 75

10 Dominican Republic

Notice that none of the developed economies are showing up in the top 10. The dollar per user must be falling as users are increasingly coming from smaller economies which means less amount of ad revenue dollars.

It makes sense why Zuckerberg is crazy for China. Without another spurt of user base growth, Facebook's share price will not be sustainable.

2 comments

nostrademons 3405 days ago

Mobile, mobile, mobile. In 2010 everybody would hit Facebook multiple times a day from their workplace. In 2017 nobody in the developed world uses their work computer to access Facebook, they pop open the Facebook app on their phone or have it open 24/7 on their home computer. The people left doing the Google -> Facebook routine are those in developing countries who either don't have mobile phones or don't have app-capable mobile phones.

link

funkyy 3405 days ago

If they could make an official Facebook app less resource hogging, more user-friendly and usable on older mobile phones, they would be back in the game. But their app is probably the worst app you can have on your phone. It's terrible, slow and a joke. I would expect such an app from Verizon or GoDaddy, not from Facebook.

link

ikeyany 3405 days ago

https://mbasic.facebook.com

link

funkyy 3405 days ago

Not an app, it's a solution for some. Their official app sucks.

link

toephu2 3405 days ago

They have already had this for over a year, it's called Facebook Lite.

link

funkyy 3405 days ago

It's not main app, its secondary.