Zuck alone took a $29 BILLION hit.
Check this out ... in the last 3 months of the year, FB lost about 500k daily logins. To put that in perspective, it now only has about 1.93 billion users checking in daily.
It's still a big number for sure ... but when you're talking about the Benjamins, it makes a huge difference.Meta took a huge hit Wednesday -- sinking 22.6% in value on the stock exchange. That translates to a $200 billion loss. Zuckerberg chalked it all up to folks spending more time on other apps, like TikTok. And that's gotta hurt because
Facebook's been on the ropes lately, with Congress breathing down its corporate neck. It's also lost traction with the youngins.
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Facebook Loses Daily Active Users For The First Time – Here’s Where They're GoingI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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