Thursday, 5 March, 2026
Meta share value dip by over 20% as daily users decline
By Basit Ansari
<p>Facebook loses daily users for the first time, causing Meta shares to plummet by 20%. Meta attributed this negative growth to changes made by Apple to privacy as well as furious competition by TikTok and YouTube. Meta CFO, Dave Wehner revealed that Apple privacy change will cost the company around $10B in 2022. It has become difficult for companies to target and provide ads on Facebook and Instagram on any platform offered by Apple.</p>
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