Reuters/Charles Platiau
- Facebook has had a chastening couple of weeks, and it's now about to be overtaken by YouTube as the second biggest website in the US.
- Market research firm SimilarWeb said Facebook's monthly visits have fallen from 8.5 billion two years ago, to 4.7 billion in July, while YouTube has been quietly edging up.
- Facebook's losses must be seen in context, however, as its portfolio is growing on the back of its app and other platforms, like Instagram.
The biggest share price nosedive in Wall Street history, a shareholder revolt, another round of election meddling, and the banning of a notorious conspiracy theorist only after a rival had acted. It's been a cataclysmic couple of weeks for Facebook.
And, according to a study by SimilarWeb, the news is not about to get any better. In a blog published on Wednesday, the market research firm said it thinks Facebook is about to lose its place as the second biggest website in America to YouTube.
See the rest of the story at Business Insider
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See Also:
- YouTube follows Apple's lead and removes the Alex Jones and Infowars channels from its platform
- There's an easy way to take a selfie with a barefoot Mark Zuckerberg in San Francisco — even if it's not the Zuck you wanted
- Spotify users are threatening to cancel their subscriptions if the streaming service doesn't completely remove Alex Jones' podcasts
SEE ALSO: Activist Facebook shareholder draws up a new proposal to fire Mark Zuckerberg as chairman
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