Facebook is losing more and more users and the parent company Meta lost almost a quarter of its stock market value on Thursday, February 3, 2022.
Is it because of the competitor Tiktok or because of Zuckerberg's spending on his mega-project Metaverse?
Facebook has seen its daily active users decline for the first time in 18 years. Facebook parent company Meta announced that the platform lost around 500,000 users in the last three months of 2021.
References:
Bloomberg: Meta Faces Historic Stock Rout After Facebook Growth Stalled
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