Last week, Meta Platforms Inc. (Facebook) had seen an epic fall as Mark Zuckerberg, founder of the social network, lost about $31 billion of his fortune, representing one of the entrepreneur’s biggest personal losses in recent times.
Facebook’s monthly active users (MAUs) were 2.91 billion as of December 31, 2021, an increase of 4 percent year-over-year.
Meta still made nearly $40 billion in profit in 2021, mostly from advertising.
The company’s family of apps (FOA) includes Facebook, Instagram, Messenger, WhatsApp, and other services.
Facebook lost around 500,000 daily users in the last three months of 2021, registering 1.929 billion daily users in the fourth quarter of 2021, from 1.93 billion in the previous quarter.
Zuckerberg said that he is encouraged by the progress this past year in several important growth areas like Reels, commerce, and virtual reality. And investing in these and others are key priorities in 2022 as they develop the metaverse.
Facebook’s rival TikTok, a Chinese app is attracting young people more than Facebook. It is affecting Facebook’s business. Inflation and Apple’s new ad-tracking privacy restrictions that limit Meta’s ability to sell ads are also hurting the company.
Is this where the downfall of the biggest social media giant begins?
Last year Meta faced serious allegations of Whistleblower Frances Haugen as she testified to lawmakers in the US and abroad saying the company doesn’t care about its users and it is affecting the young generation.
The company then decided to rebrand and change its corporate name from Facebook to Meta and announced it would focus on the so-called “metaverse,” rather than just social media.
Ghada Ashour, who grew up in Gaza, becomes fifth scholar selected for FIA’s flagship scholarship initiative Dubai, UAE, 8th December, 2025: The FIA’s United Against Online Abuse (UAOA) Campaign has welcomed Ghada Ashour, a 24-year-old student from Palestine, to its flagship scholarship programme, created to empower the next generation of researchers in the fight against online abuse in sport. Ghada grew up in Gaza where she has been studying remotely until gaining her place on the UAOA scholarship, which brought her to Dublin City University (DCU), Ireland. Becoming the fifth scholar to join the scholarship, she was selected based on her interests in social media, and her strong passion for advancing insights in this area for the benefit of everyone participating in sport. Launched in 2023, the programme offers talented students and young professionals from diverse backgrounds the opportunity to engage in cutting-edge research on the impact, prevalence, and prevention of online abuse in sport with a focus on developing practical solutions. Funded by the FIA Foundation, the UAOA scholars have been selected to undertake invaluable research at DCU based on their project proposals, dedication to achieving positive social change, and their unique perspectives approaching this issue. Ghada’s thesis, which will be printed in English and translated into Arabic, will focus specifically on the …
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