https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10471227/amp/Facebook-loses-users-time-Zuckerberg-blames-TikTok-boom.html

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

CEO Mark Zuckerberg believes Facebook's decline in users is likely due to the boom in popularity of the competitor platform TikTok
Facebook reported a nearly half million drop in daily users during the last three months of 2021, with only 1.93 billion users logging in each day
Facebook's parent company, Meta, saw its stock plunge 22.6% during after-hours trading on Wednesday
If the drop holds until the market opens Thursday, the company's market capitalization - its overall value - is on track to drop by nearly $200 billion
Zuckerberg personally experienced a more than $29 billion loss when the company's stock fell Wednesday.
The falling stock prices come after the company's unexpectedly heavy spending on its Metaverse project led to a rare decline in its fourth-quarter profit
Zuckerberg describes Metaverse as a 'virtual environment' you can enter instead of just viewing it on a screen

Despite US govt sanctions on TikTok, it continues to wax stronger

na to buy tiktok b d next thing

Kudos to the developer(s) of Tiktok.

How a Social media app created in 2016 was able to become the number 1 is amazing.

Are there still people who use Facebook tho?

I can't remember the last time I logged in my Facebook

Boring shit

bmdmix11:
na to buy tiktok b d next thing

I don't think TikTok is buyable, it beats Google and Facebook to become number 1 website in the world

Biodun556:


I don't think TikTok is buyable, it beats Google to become number 1 in the world

every company is sellable. price n terms na b d koko

When they(Facebook) will be feeling like demi God.

bmdmix11:
every company is sellable. price n terms na b d koko

That's if owner is willing to sell. TikTok is own by Chinese. US govt had sanctioned TikTok trying to force the Chinese owner to sell it all to avail.

DamnnNiggarr:


When they(Facebook) will be feeling like demi God.

Facebook no suppose shake tiktok just dey there video in video out data running out

T

Are they tired of disabling people's accounts and closing down large groups over flimsy reasons? Every action has consequences. It's all a matter of time.

Biodun556:


That's if owner is willing to sell. TikTok is own by Chinese. US govt had sanctioned TikTok trying to force the Chinese owner to sell it all to avail.

I don't agree with you

The USA can't force the owners of TikTok in selling it

And the USA can't sanction TikTok because the owners refuse to sell it

I might be wrong, so you can show me your source.

walemoney007:
I don't agree with you

The USA can't force the owners of TikTok in selling it

And the USA can't sanction TikTok because the owners refuse to sell it

I might be wrong, so you can show me your source.

President Biden Revokes TikTok and WeChat Bans
JUNE 17, 2021
On June 9, 2021, President Biden issued Executive Order (“EO”) 14034, revoking three Trump Administration Executive Orders which had banned transactions involving Chinese-owned apps on national security grounds (the “Revoked Executive Orders”). Despite revoking the bans, EO 14034 acknowledged concerns about software applications controlled by a “foreign adversary” and directed federal agencies to investigate and make recommendations regarding data security issues.

Two of the Revoked Executive Orders, issued in August 2020, banned any US transactions involving the popular TikTok app (owned by Chinese company ByteDance Ltd.) and WeChat app (owned by the Chinese company Tencent Holdings Ltd.). The third Revoked Executive Order, issued in January 2021, banned several additional Chinese apps (including SHAREit, Tencent QQ, and WeChat Pay, among others). The Trump Administration justified the bans on national security grounds. All of the Revoked Executive Orders cited concerns about the Chinese government using the apps to collect sensitive personal data from US users, as well as concerns about Chinese censorship and disinformation campaigns on the apps

https://hsfnotes.com/sanctions/2021/06/17/president-biden-revokes-tiktok-and-wechat-bans/

Nasdaq feel am

FIFApresident1:
Kudos to the developer(s) of Tiktok.

How a Social media app created in 2016 was able to become the number 1 is amazing.

Tik tok is doing the right thing.

Face book and co are greedy.

E good for dem.

Nn