Facebook Loses 1M Users; Stock Plummets

For the first time in history, Facebook is reporting a drop in its number of daily users. A big drop.

Officials with the social media site’s parent company, Meta, have revealed Facebook is down about 1 million active users. The news has caused Meta’s stock to fall more than 20 percent, according to Wall Street figures. In real dollars, that comes out to a loss of about $200 billion.

Among the Meta stockholders who are suffering from the decline is CEO Mark Zuckerberg, who owns more than 398 million shares in the company. The 20 percent drop has cost him $29 billion, according to the Daily Mail.

Have you been visiting Facebook less often than you used to? What’s the next big social media site?

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