HomeBreakingMeta plunges as Facebook users stall

    Meta plunges as Facebook users stall

    The number of daily users of Facebook, the world’s largest social networking site, has dropped for the first time in history.

    Meta, which owns the Facebook site, said the number of its daily users had dropped in the last three months of last year.

    According to Meta, Facebook had 1.929 billion daily users in the last three months of 2021.

    However, in the third quarter of 2021, the number of daily users of the Facebook website reached 1.930 billion, according to the meta company.

    Accordingly, this situation has led due to the popularity of competing social media sites. Meta also points out that websites such as Tiktok and YouTube are now widely used.

    Shares of Facebook-owned Meta have fallen 20 percent in the current situation.

    Accordingly, the value of the stock market has fallen by about US $ 200 billion due to the fall in the price of Meta.

    Meanwhile, Mark Zuckerberg, CEO of Meta, said that the new generation is turning to other competing social media sites.

    Currently, Facebook is being heavily influenced by the TikTok website, which is rapidly gaining popularity among young people around the world.

    Join our WhatsApp Group to get the latest News Updates right into your device.

    What do you think?