It was widely reported last week that 34% of Facebook users are spending less time on site than they previously had. The poll by Reuters was widely reported in both the media and blogosphere, but in all likelihood is an exaggeration of user’s online activity.
The poll itself was set-up similarly to a political poll – 1032 respondents (about .0006 percent of the total U.S. Facebook population) were polled about their perception of their Facebook usage. The issue for me is that just as the public sentiment vacillates between Obama and Romney (currently favoring Romney because of jobs reports), I suspect that the underperformance of the Facebook IPO informs the sentiment expressed by this poll. It also examines a subjective criteria at isn’t as clear-cut as choosing Obama or Romney. The actual question that the pollsters are asking is:
“Of the 14 minutes you spend a day on Facebook, half or more of that on your smartphone – are you spending more, less or about the same amount of time on the site?”
Because people aren’t conscious of their time, because this is a subjective measure of their perceived usage, and because there isn’t a clear impetus for such a pronounced shift, it makes more sense that many of these respondents have a negative view of Facebook informed by recent events. There also is a lot of nuance to online activity (disproportionate female usage, superusers, mobile users, regional usage) that add additional variables to a poll like this.
But even if usage were down should Facebook care? Probably not. Facebook has always had eyeballs – its problem is converting the time on site to advertising dollars. Even with a dip in time on site (which is probably not accurate), Facebook still would have a huge audience on their site for unprecedented amount of time. The question is whether they can create advertising both on PCs and mobile that retain the audience and convert for advertisers.
Reports of Facebook’s demise may be grossly exaggerated. They may have 99 problems, but 98 of them are tertiary to its biggest one: how to leverage their platform into an effective advertising medium.
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