The clock is TikToking for Facebook as short-form video conquers the world
The social media giant’s stock plummets as ad revenue shifts to its more on-trend rival
03 February 2022 - 20:29
Facebook parent Meta Platforms has suffered a string of public challenges in the past year as regulators intensified their scrutiny of the company and Apple rolled out a privacy feature that crimped a key source of user data. But as Meta’s wobbly revenue outlook made clear on Wednesday, the company is facing yet another threat to its business. The social media landscape seems to be rapidly shifting towards short-form video, a space dominated not by Facebook but by TikTok. ..
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