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Facebook Shares Drop By 20% After Losing Traffic For First Time
FeaturedTech

Facebook Shares Drop By 20% After Losing Traffic For First Time

Facebook owner Meta Platforms Inc's (FB.O) shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes and increased competition for users from rivals like TikTok. Facebook’s global daily active users declined from the previous quarter for the first time,...
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