The stock is down >30% this month and they’re losing DAUs in the US and developing countries. What does this mean about Facebook’s future? As they pivot more to IG, the Metaverse etc., what’s going to happen to Facebook?
it won’t change anything and plus in many countries FB is still very dominant (so are WhatsApp and IG).
They’re saying they may shut down FB and IG in Europe which would be a huge blow. Competition also has been getting a lot tougher for Meta so I don’t think it’s just a blip