Facebook has lost more than 20% of its value, and TikTok is to blame!
Mark Zuckerberg seems to be acknowledging it.
FaceBook has lost about 500k daily logins putting it at 1.93 billion users checking in daily.
Still, a huge difference by sinking 22.6% in value on the stock exchange, which translates to a $200 billion loss.
Zuckerberg says people are spending more time on apps, like TikTok, and Zuckerberg is taking a $29 BILLION hit.
Hard time for Facebook, which is now down 25%.