Facebook loses users for the first time EVER: Shares plummet 20%, wiping $200BN off value of parent-firm Meta after it revealed 500,000 fewer daily log-ins and declining profits – Zuckerberg's personal wealth takes $29BN hit
Facebook reported a nearly half-million drop in users during the last three months of 2021, with only 1.93 billion users logging in daily. Zuckerberg attributed the decline to the TikTok boom.