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Lots of young people have decided Facebook isn't cool anymore, and they're abandoning it in droves.
And because young people are often a leading indicator of what mass market consumers will eventually do (they fueled the early growth of Facebook, for example), Facebook investors should take note...
One of the services kids are flocking to at Facebook's expense is the new mobile photo network Instagram... And Facebook owns Instagram.
So what will you say when Facebook hits 1 billion users ?
One thing he didn't address, however, is the rate at which Facebook's desktop usage is declining in its most mature market--the U.S.
Zuckerberg also didn't comment on another ominous Facebook trend: The usage declines are most pronounced among those who were once Facebook's most devoted users: Young people.