Facebook and Instagram app downloads are declining, says BofA

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Facebook and Instagram app downloads are declining, says BofA
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Mobile app downloads of Facebook are down 15% year over year in the third quarter, a Bank of America analysis finds.

Key Points

Combined downloads of Facebook and Instagram are down 13% year over year and tracking down 3% compared to last quarter. Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018.and Facebook-owned Instagram are down a combined 13% year over year, a Bank of America analysis found. The download numbers, based on SensorTower data, are tracking down 3% in the third quarter of 2019 compared with last quarter, the analysts wrote.

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