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Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn this week, in a record daily loss for a US firm. Meta also said that Facebook's daily active users (DAUs) had dropped for the first time in its 18-year history.

Isobel Hamilton, senior technology reporter at Insider online media company, says that investors were particularly concerned by Facebook's first ever decline in user figures, and that there may be a fall in confidence in Zuckerberg's leadership of the company as users reportedly drift to other platforms such as TikTok, Instagram and Whatsapp, with older users concerned about Facebook's handling of privacy issues.

"It's a small decline proportionally as they have so many users, but it's really incredible that they have, for the first time, actually lost people."

Photo: Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, 2019 Credit: Reuters