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Nairaland Forum / Nairaland / General / Business / Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins (527 Views)
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Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 4:33pm On Feb 04, 2022 |
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 |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 4:34pm On Feb 04, 2022 |
Despite US govt sanctions on TikTok, it continues to wax stronger |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by bmdmix11: 4:34pm On Feb 04, 2022 |
na to buy tiktok b d next thing 2 Likes |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by FIFApresident1(m): 4:34pm On Feb 04, 2022 |
Kudos to the developer(s) of Tiktok. How a Social media app created in 2016 was able to become the number 1 is amazing. |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by FERNANDEZISBACK: 4:35pm On Feb 04, 2022 |
Are there still people who use Facebook tho? ![]() 1 Like |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by PrinceOfLagos: 4:36pm On Feb 04, 2022 |
I can't remember the last time I logged in my Facebook Boring shit 1 Like |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 4:36pm On Feb 04, 2022 |
bmdmix11: I don't think TikTok is buyable, it beats Google and Facebook to become number 1 website in the world |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by bmdmix11: 4:38pm On Feb 04, 2022 |
Biodun556:every company is sellable. price n terms na b d koko |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by DamnnNiggarr: 4:39pm On Feb 04, 2022 |
![]() When they(Facebook) will be feeling like demi God. |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 4:40pm On Feb 04, 2022 |
bmdmix11: 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. |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by bmdmix11: 4:42pm On Feb 04, 2022 |
DamnnNiggarr:Facebook no suppose shake tiktok just dey there video in video out data running out |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 5:23pm On Feb 04, 2022 |
T |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biafrannuke: 5:36pm On Feb 04, 2022 |
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. |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by walemoney007(m): 5:47pm On Feb 04, 2022 |
Biodun556: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. |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 5:55pm On Feb 04, 2022 |
walemoney007: 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/ |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Daniel058(m): 7:30pm On Feb 04, 2022 |
Nasdaq feel am
|
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by LikeAking: 7:51pm On Feb 04, 2022 |
FIFApresident1: Tik tok is doing the right thing. Face book and co are greedy. E good for dem. |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 2:54am On Feb 05, 2022 |
Nn |
Re: Facebook Suffers Decline, Blames Tiktok For 500,000 Fewer Daily Logins by Biodun556(m): 9:50am On Feb 06, 2022 |
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