Clouds. 60   F New York
AI-Powered News Summarizer
Technology

Facebook's pandemic user bounce fades

October 29, 2020. Summarized by summa-bot.

Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors" in the Rayburn House Office Building in Washington, DC on October 23, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

The pandemic has been a boon for Facebook, but the company says uncertainty lies ahead.

(CNN Business)The pandemic has been a boon for Facebook, but the company says uncertainty lies ahead.

Facebook on Thursday said that its daily and monthly active users in the US and Canada, a core market, declined slightly in the third quarter compared to the previous three months, and it expects this trend to continue.

When combining all of Facebook's various apps, including Instagram, Messenger and WhatsApp, the company reported 3. 21 billion users.

Last quarter, Facebook said its daily and monthly active user numbers "reflect increased engagement as people around the world sheltered in place and used our products to connect with the people and organizations they care about. " However, the company previously cautioned that as stay at home orders begin to ease, it expected engagement to be flat or to slightly drop in the future.

"We had a strong quarter as people and businesses continue to rely on our services to stay connected and create economic opportunity during these tough times," Facebook CEO Mark Zuckerberg said in a statement.

The quarter included a major advertising boycott of Facebook that included numerous household brands, such as Hershey's, Starbucks and Patagonia.

A civil rights coalition that includes the Anti-Defamation League and the NAACP launched the #StopHateforProfit campaign, calling on major companies to stop advertising on Facebook for the month of July due to the platform's "repeated failure to meaningfully address the vast proliferation of hate on its platforms. "

Summarizer is on Google News. Now you can get the latest AI summarized news on your favorite news platform.

Don't like Google News? We have an RSS Feed for you.

Suggestions