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February 3, 2022 10:01 am GMT

Facebook loses daily users for the first time since it launched, stock price drops 20%

The share price of Meta dropped 20 percent in after-hours trading after it announced that Facebook lost daily users for the first time in its 18-year history. Most of the dropoff came from Africa and Latin America.

From The Washington Post:

Facebook's user growthhas stalledin the United States and Europe for the past several years, but the company previously made up for it by consistently adding users all over the world.

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Original Link: https://boingboing.net/2022/02/03/facebook-loses-daily-users-for-the-first-time-since-it-launched-stock-price-drops-20.html?utm_source=rss&utm_medium=

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