Facebook loses daily users for the first time, and ad growth slows

For the first time, Facebook has lost global daily users, recording lower-than-expected ad growth, with its share falling nearly 20 percent.

The massive stock crash immediately wiped out about $ 200 billion in its market value.

The Meta-owned Facebook platform registered 1.929 billion daily users;

In the fourth quarter of 2021 – up from 1.93 billion in the previous quarter.

The company confirmed late on Wednesday that this was the first consecutive decline in its history.

Facebook’s monthly active users (MAUs) stood at 2.91 billion as of December 31, 2021, an increase of 4 percent year-on-year.

Meta still earns nearly $ 40 billion by 2021, mostly through advertising.

“We were on a solid quarter as people turned to our products to stay, and businesses continue to use our services to grow,” said Mark Zuckerberg, Founder and CEO of Meta.