Friday, 24 March, 2023

Meta share value dip by over 20% as daily users decline

<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.&nbsp; 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>