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WEKU
WEKU
Business
Shannon Bond

From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022

Twitter Inc. TikTok Meta Facebook Elon Musk metaverse Google Katie Harbath Snapchat
Meta corporate headquarters in Menlo Park, Calif. on Nov. 9, 2022. The company announced plans last month will lay off more than 11,000 of its staff in response to a decline in revenue. (Josh Edelson/AFP via Getty Images)

2022 has been a rocky year for social media companies.

Facebook burned through billions of dollars trying to make the metaverse happen. Elon Musk bought Twitter for $44 billion and plunged the company into chaos, sending advertisers and some power users fleeing. Across Silicon Valley, tens of thousands of workers have been laid off as economic woes deflated tech's pandemic high.

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