No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Drop in Facebook users; Meta’s shares decline by 20pc

News Desk by News Desk
February 3, 2022
in Latest News, Tech, World
Reading Time: 1 min read
Drop in Facebook users; Meta’s shares decline by 20pc
Share on FacebookShare on Twitter

Famous social media platforms owner Meta Inc witnessed a decline in its shares by more than 20 per cent. The company said that changes in the privacy policy of Apple and the competition of TikTok have affected the revenue.

According to the stats, the number of Facebook users dropped from 1.930 billion to 1.929bn. According to Meta, the changes in Apple’s privacy has made it difficult to track ads on Instagram and Facebook. It added that supply-chain disruptions have also caused issues on the macroeconomics level along with the competition from YouTube and TikTok.

However, the CEO of Metaverse Mark Zuckerberg has shown optimism and said that the company had made progress through commerce, Reels and virtual reality. He added that they would continue the investment in these areas and build towards building the metaverse.

During the fourth quarter, Facebook’s monthly active users were reported to be 2.91 billion. As compared to the previous year the platform has shown no progress in the area. Meanwhile, other giants like Pinterest Inc, Twitter Inc, and Snap Inc suffered a loss in value worth $15 billion.

Related

News Desk

News Desk

Related Posts

People of Pakistan are facing identity crisis, says Faysal Qureshi
Entertainment

People of Pakistan are facing identity crisis, says Faysal Qureshi

February 8, 2023
Andy Flower
Latest News

Andy Flower previews HBL PSL 8 for Multan Sultans

February 8, 2023
Aaqib Javed previews HBL PSL 8 for Lahore Qalandars
Latest News

Aaqib Javed previews HBL PSL 8 for Lahore Qalandars

February 8, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

People of Pakistan are facing identity crisis, says Faysal Qureshi

People of Pakistan are facing identity crisis, says Faysal Qureshi

by Zain Aijaz
February 8, 2023

Reknowned name of the Pakistan entertainment industry, Faysal Quraishi has highlighted the fact that the country is facing an identity...

Andy Flower

Andy Flower previews HBL PSL 8 for Multan Sultans

by Press Release
February 8, 2023

LAHORE: Multan Sultans made their HBL Pakistan Super League debut in 2018 and have established themselves as the most successful...

Aaqib Javed previews HBL PSL 8 for Lahore Qalandars

Aaqib Javed previews HBL PSL 8 for Lahore Qalandars

by Press Release
February 8, 2023

LAHORE: Lahore Qalandars had a stunning run in the last edition of the HBL Pakistan Super League, which culminated in...

LHC suspends de-notification of 43 PTI members

Lahore High Court suspends Raja Pervaiz Ashraf ruling to accept resignations of 43 PTI MNAs

by Zain Aijaz
February 8, 2023

  On Wednesday, the Lahore High Court (LHC) came into action to suspend the ruling of National Assembly Speaker Raja...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.