Facebook gettin‘ up, gettin‘ high, gettin‘ down. Gettin‘ meta

Facebook’s dream of connecting the whole world is dead. For the first time ever, growth is stagnating and daily users are falling by about half a million users in the last three months of 2021. The loss was greatest in Africa, Latin America and India.

Last year Facebook changed its corporate name to Meta, moving aggressively to distance itself from a social-media business embroiled in crisis and rebrand itself as a forward-looking creator of a new digital world known as the “metaverse.” Meta’s stock price had plummeted more than 26 percent by the end of January, shaving $220 billion off its market value and costing the company the biggest one-day loss in its 18-year history.

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washingtonpost.com: Elizabeth Dwoskin, Will Oremus and Rachel Lerman, 02.02.2022
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