Facebook loses daily users for the first time ever in the last quarter
Since its inception, Facebook user growth has essentially turned to the right. But on Wednesday, it reported a decline in the world’s daily users in the first quarter and lower-than-expected advertising growth that plunged its inventory by about 20 percent. The sharp drop in stock prices that immediately wiped out about $ 200 billion in market value says that changing Facebook’s name to Meta isn’t enough to distract investors from core social media business issues. is showing.