There are still people that use it mostly friends and family but you're bombarded with ads and its rather dumb lol I haven't touched the thing in years now and I feel their userbase has fallen off. However they do still have Instagram and I feel like that's what's really making progress while Facebook is just old and blah anymore.
They tried a number of times to expand already such as with getting into the gaming space and introducing Facebook gaming. That was a botched job that cost them big money.
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