Facebook Loses Daily Users Causing Meta Shares To Plummet By 20%
The stock of Facebook owner Meta Platforms Inc (FB.O) fell more than 20% late Wednesday after the social media giant issued a weaker-than-expected projection, blaming Apple’s privacy rules and more competition for users from rivals such as TikTok. For the first time, Facebook’s worldwide daily active users fell from 1.930 billion to 1.929 billion in …
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