Is social media on the decline? Twitter, Yelp, and LinkedIn report stagnant user bases

twitter hacker dccc suspended
All told, hundreds of millions of people across the world use the major social media sites like Facebook, Twitter, and LinkedIn. This suggests a robust user base that gives the impression that social media is still in demand, yet last week’s earnings reports, which shed some light on user engagement, from three of the big players in the industry suggest otherwise.

Last week saw Twitter and LinkedIn come out with earnings. Yelp — which isn’t traditionally regarded as a social media site, per se — was among those companies that issued reports. The common trend among all three major names was that data on their respective user numbers was disappointing. Accordingly, investors punished the companies’ stocks with strong selloffs after the earnings were released. Only Facebook, which released its earnings back in April, seemed to be doing well.

Twitter, whose quarterly revenues were lower than analysts’ expectations, reported just 302 million active users for the first quarter of 2015. While this sounds like a big number, it actually represents a failure to add more new users at the quick pace most analysts were expecting. Twitter CEO Dick Costolo had been raising hopes over the past year that the company’s product improvements would both lure back old users and bring in new ones, but the 302 million figure is weak against this backdrop.

LinkedIn also disappointed with its earnings report. The company failed to provide an exact user base number for the first quarter of 2015 in its report. While LinkedIn is believed to have approximately 350 million users, analysts were expecting the company to report more than 362 million by this quarter.

Then, there’s Yelp. It had perhaps the worst report on user numbers of all three. While it confirmed that its user base increased by 8 percent to approximately 143 million in the first quarter of 2015, the company actually reported a 30-percent decline in the number of users in the first quarter compared to a year ago. This has led to concerns that the site just isn’t adding new users at a rate that suggests growth.

All three companies’ bad earnings reports were based on a slowdown in the addition of new users. To remain fiscally healthy and beat earnings, all social media giants would have to add more users at a quicker pace going forward.

Gaming

Has it really been 17 years? The past, present, and future of the Xbox

From DirectX Box to 720, it's been a long, strange trip for Microsoft's Xbox gaming console. Here is what happened, from its odd beginnings to the rumored Scarlett console with streaming.
Gaming

Everything we know about the PS5, including its impressive hardware specs

PlayStation 5 rumors have circulated for over a year, but there's still plenty we don't know. Here's everything you need to know about the PS5, including rumors about its release, specs, and games.
Mobile

The Department of Justice may prevent the T-Mobile-Sprint merger

T-Mobile and Sprint are getting closer to merging. After a few failed attempts, the two companies announced their merger at the start of 2018. The new T-Mobile could be better positioned to take on the likes of Verizon and AT&T.
Social Media

Facebook, Instagram, and WhatsApp went down worldwide for 2 hours this morning

Chaos erupted on the internet this morning, as Facebook, Instagram, and Whatsapp all went down from 6:30 a.m. to approximately 9 a.m. Thousands of users were unable to access the sites or send or receive Whatsapp messages.
Android

The dramatic BlackBerry Key2 Red Edition is now available in the U.S.

BlackBerry's Key2 is likely to be the best keyboard-equipped phone in 2019, with a modern look, some powerful specs, and totally revamped features. Here's everything you need to know about it.
Computing

Want to make calls across the internet for less? Try these great VOIP services

Voice over IP services are getting more and more popular, but there are still a few that stand above the pack. In this guide, we'll give you a few options for the best VOIP services for home and business users.
Deals

Apple iPads and iPad Pros get price cuts up to $150 on Amazon

In the market for a new iPad? Now might be the time to buy -- Amazon has discounted a range of iPad models, including the 10.5-inch, 11-inch, and 12.9-inch iPad Pro models, plus the standard iPad.
Mobile

The Best iPhone 7 battery cases to give your phone some extra juice

The iPhone 7 doesn't have terrible battery life, but you never know when you'll need to juice up on the go. To help, here are the best iPhone 7 battery cases that can keep your smartphone charged and ready for long-term use.
Digital Trends Live

Digital Trends Live: Samsung Galaxy Fold woes, zombie pigs, and more

Today's topics: Samsung Galaxy Fold, Facebook A.I. voice assistants, YouTube comes to Fire TV, facial recognition on airline flights, the SpaceX DART program, Yale's zombie pigs, and much more!
Mobile

Samsung Galaxy S10 update gives manual control of Bright Night mode

Samsung 2019 flagship smartphone lineup is here, and there aren't just two phones as usual — there are four. There's the Galaxy S10, S10 Plus, as well as a new entry called the S10e, as well as the Galaxy S10 5G.
Deals

The excellent Moto G6 is just $99 from Google Fi for a limited time

Getting a cheap smartphone can be a great way to squeeze value out of your dollars. Motorola's Moto G-range has always been good value, but never better than this: Get the Moto G6 for just $99 from Google Fi.
Mobile

Keep your huge phone beautiful with the best iPhone XS Max cases

Apple's iPhone XS Max might be the best large phone the company has ever released. But a bigger OLED display and body means there's more glass to crack. Keep your massive phone safe with the best iPhone XS Max cases.
Deals

Ultra Wideband is here, and you can use it with the 5G Moto Mod (and save $150)

5G is rolling out in the U.S., and Motorola’s Moto Z3 is one of the few phones that can use it. Select people can take advantage of Verizon’s 5G service and enjoy a $150 discount with the purchase of a Moto Z3 and 5G Moto Mod bundle.
Deals

The best Amazon Prime Day 2019 deals: Everything you need to know

Amazon Prime Day 2019 is still a few months off, but it's never too early to start preparing. We've been taking a look at the best discounts from previous Prime Days to give you our predictions of what to expect this year.