I read "it's dying" by people on Discord and Reddit all the time, but the numbers prove otherwise. It's been going up this entire time and sitting over 3 billion MONTHLY ACTIVE USERS!
I feel like the bubble around people on other platforms saying "who uses Facebook anymore lol" is kind of wild given the numbers. Keep in mind these are active users not just abandoned accounts.
Facebook was extremely aggressive in getting their software preloaded on all hardware sold in developing areas over the last 20 years. So countries like India (with one and a half billion people by itself) have a large segment of users that think Facebook is the internet. It's Zucks ultimate walled garden.
3 billion of those people likely access Facebook for everything that we think of as online. Commerce, social networking, music, videos, it's all on Facebook.