Bumpy road ahead as Facebook looks to overcome challenges and crises

Facebook has 1.929bn daily users, but the first fall in numbers in 18 years triggered a share price collapse that wiped the equivalent of Portugal’s GDP off its value, writes Dan Milmo.

Mark Zuckerberg announced an immediate rebrand of Facebook to Meta, but everything has not gone according to plan. 

Mark Zuckerberg’s social media empire felt the full force of investors’ concerns about its growth prospects, as the revelation of Facebook’s first-ever drop in daily users helped trigger a share price rout.

It was the first set of quarterly results for the parent company of Facebook under its new name, Meta.