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Facebook: Daily active users fall for first time in 18-year history

The technology giant's owner Meta said platforms like TikTok were hurting its growth.

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The technology giant’s owner Meta said platforms like TikTok were hurting its growth.

Highlights

  • Meta said platforms like TikTok were hurting its growth.
  • “The teams are executing quite well and the product is growing very quickly,” Meta said.
  • TikTok is so big a competitor already and also continues to grow at quite a fast rate," he said.
  • The technology giant’s owner Meta said TikTok was hurt by its growth, adding it was a “competition” for the tech giant’s growth.