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Friday, February 4, 2022

TikTok is Steamrolling Mark Zuckerberg


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. 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. 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.

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