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Beset perhaps by the burgeoning popularity of TikTok, Facebook barely Phone Number List new users last quarter. In fact, its number of active daily users suffered a decrease of approximately one million people in just three months. In Phone Number List of monthly activity, Facebook managed to add 2 million users (a rather meager figure if we compare it with the social network's much more ambitious standards). Such disappointing numbers, together with Meta's poor forecasts for the current quarter, caused a real earthquake in the Phone Number List market, where the value of the company's shares collapsed almost 23% yesterday.
Facebook does not hide that a good part of its Phone Number List problems are rooted in TikTok Mark Zuckerberg, CEO of Meta, did not shy away from referring specifically to TikTok as one of the reasons behind the Phone Number List last and very poor quarterly results. “People have so many options available to them to spend their time. And apps like TikTok are growing very quickly," Zuckerberg confessed in a conference Phone Number List analysts. In order to attract more users to his Meta domains he wants to focus even more on short videos from now on. However, on Instagram Reels, the particular TikTok clone of the company led by Mark.
Zuckerberg, the ads are currently much less Phone Number List than those that make their way into the "feed," warned the CEO of Meta. Still, Zuckerberg believes the transition to short videos will pay off in the long run. That between October and Phone Number List 2021 the active daily users of the social network contracted from 1,930 million to 1,929 million people may not seem like an excessively steep drop, but in the previous quarter Phone Number List added 22 million users and in the second quarter of 2021 the growth was 30 million users.