Tik Tok is overtaking Facebook.

The social network Facebook, also known as Social Media Jain, has been challenged by another mango tick. While the number of Facebook users is decreasing, the number of Tik tok users is increasing day by day. As Tik Tok has become more and more widely used, Facebook has had to bear the brunt of its losses. For the first time in Facebook’s 18-year history, its users have dropped.

According to pants company Meta Network, in 2021, Facebook’s daily has dropped to 1.92 billion. In the same period of the previous year, the daily activity of Facebook was 1.93 billion. Rival companies such as Tic Tac Toe and YouTube have reportedly lost revenue. As Facebook’s daily users began to decline, so did Facebook’s revenue.

It is said that even after the advertisers cut the advertising expenses, the revenue loss in the metallurgy is coming. Meta’s shares have also fallen by more than 20%. According to the BBC, Meta has incurred a loss of 2 billion due to the rise in share price. Along with Meta, shares of social media platforms such as Twitter Snap and Internet have also declined. Mark Zuberg, Neta’s chief executive officer, said his company was losing revenue because young people were turning to rival companies.

For meta ads after Google, the world’s largest advertising platform. After Apple made changes to its operating system, Meta was affected, the company said. According to Dib Wohrb, chief financial officer of Meta, the success of the year on Facebook and Intragram is estimated to be about १० 10 billion. A large portion of Meta’s revenue comes from advertising.