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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo Global technology editor

Why the Facebook owner’s shares are in freefall

Meta Facebook TikTok United States Mark Zuckerberg
A Facebook employee walks by a sign displaying the
Facebook is Meta’s biggest app and the fall in daily active users is its first since the company was founded in 2004. Photograph: Josh Edelson/AFP/Getty Images

Mark Zuckerberg’s social media empire felt the full force of investors’ concerns about its growth prospects on Thursday, as the revelation of Facebook’s first-ever drop in daily users helped trigger a selloff, with shares down by a quarter.

Here are some key points to help explain the selloff, which has wiped about $220bn (£162bn) off Meta’s market value.

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