Just prior to the FB IPO, I lived about two blocks from the then CIO or CTO of FB (cant recall his name - this was just as Asana was getting a lot of buzz as well) -- and I was looking for a new apartment in Noe Valley.
I recall that a place that I saw going for $3,000 per month took an immediate jump to $7,000 per month days after the IPO and they wanted a $10,000 security deposit...
Other rents went up as well.
My overall point being, that it sucks, but is interesting, to see how tech company IPOs impact overall COL - but when comments such as "FB is hugely overvalued" are made, and instances where FBs value drops - the damage to real COL has an impact radius thats already happened and far more reaching than simply to those who benefit/suffer from their personal stock holdings' value...
Its the reality of the world/market - but lets imagine FB ceasing to exist magically... COL/rents will not adjust accordingly.
So, while I don't personally care about FB's value - I am interested in how much the entirety of COL is affected by any tech success/failure throughout silicon valley...
How are these types of factors evaluated by economists?
That said, it seems very rare my friends or family actually post anything these days. Mostly I use it for a handful of specialist groups which could just as easily be replaced with forums.
I suspect you can, with the equivalent of survivor bias. Those who can't be fooled don't have Facebook accounts.
You don't have to delete it; Just make sure it is perfectly blocked (through uBlock Origin, Disconnect, Ghostery, PiHole, etc) so they can't track you - and login in once a month or so to https://mbasic.facebook.com/ if you need to figure out someone's new phone number.
Americans and Canadians earn Facebook over 4x per user what Europeans do and over 10x what Asia Pacific users do [1]. Facebook's user base shifting overseas implies a massive revenue drop (and corresponding adjustment to value).
[1] https://www.statista.com/statistics/251328/facebooks-average...
That doesn't sound unrealistic.
Assuming the tenth Asian user (a) is as lucrative as the first and (b) costs 1/10th as much to provide services to as an American user, sure. I'm doubtful about those assumptions. And this is all just for treading water.
In India, for instance, Facebook is especially popular among old people like my parents, or poorer people. The former won't spent much money online because habit. The latter don't have much money to spend.