Facebook Loses Users For the First Time, Mark Zuckerberg Blames TikTok Facebook Users Jumping Ship Zuckerberg Blames TikTok Breaking News 86.1K 2/3/2022 7:06 AM PT
Facebook went face down Thursday ... losing more than 20% of its value, and it's not only a sign TikTok is steamrolling Mark Zuckerberg's baby, but he seems to be acknowledging it.
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.
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Zuckerberg chalked it all up to folks spending more time on other apps, like TikTok. And that's gotta hurt because Zuck alone took a $29 BILLION hit.
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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BTW ... as of this post ... FB is now down 25%.
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