From Kerry Flynn at Mashable:
One of Facebook’s core statistics doesn’t look so good. Time spent on the network — a number that drives the tech giant’s revenue — is down by an estimated 50 million hours per day.
Facebook’s stock was down nearly 5 percent in after-hours trading, but by the end of the hour-long call with investors, had jumped up by 2 percent. Zuckerberg knows it won’t be pretty going forward either.
“2017 was a strong year for Facebook, but it was also a hard one,” Zuckerberg said in a statement. “In 2018, we’re focused on making sure Facebook isn’t just fun to use, but also good for people’s well-being and for society. We’re doing this by encouraging meaningful connections between people rather than passive consumption of content. More.
Reality check: Most people aren’t interested in Facebook as a nanny and it is high time it had competitors.
See also: Four minutes: Mark Steyn on the awesome monopoly of Google and Facebook And how even Republican politicians wimp out and others suck up (for a chance to use these private powers as thought police.)