Decline in Younger Facebook Users, They are Sick and Tired
This has been a year of scandals with Facebook; from the many privacy breaches to abuse of the platform. Facebook COO Sheryl Sandberg recently testified before the Senate Intelligence Committee about Facebook’s efforts to fight interference. But is it too late? Pew surveyed that more than 3,400 US Facebook have deleted the app from their phone in the last year. That equates to 44% of those ages 18-29, which is critical because that’s the age of technology.
Survey results suggest that many Facebook users are paying attention to the company’s troubles and using the service a lot less.
The scandals have affected Facebook’s financials with a rapid decline of 20% in stocks. How can Facebook retain their users? Be trustworthy.