Wasn't Facebook supposed to be some sort of monopoly with an iron grip on its audience due to the first-mover effect? So now it turns out even chat platforms are viable competition...
Facebook suffers biggest one-day fall in history as shares plunge over 26%
More than $230bn wiped off the value of Meta making stock market history.
Most concerning was a never-before-seen drop in Facebook’s daily user numbers.
https://www.telegraph.co.uk/technology/2022/02/03/almost-200...
Anyway, I think facebook is too big to fail.