Mark Zuckerberg says TikTok slowed Meta’s growth

In Meta’s incredible tests on Wednesday, Meta CEO Mark Zuckerberg testified that Tikatok’s success was at risk of Meta business, saying that the short-form video app was a “top priority” and a “very urgent” competitive threat when arriving in 2018 was, according to it, according to it, it was in 2018. Blomberg And Another OutletThe

Reports have come from the first week of testimony to the US Federal Trade Commission’s trial against the social networking giant. If the FTC lawyers exist, the trial may require a meta to spin Instagram or WhatsApp as a separate company.

Significantly, on Wednesday, Zuckerberg admitted that Tikatok’s arrival directly influenced Meta, saying that his company observed that his “growth was dramatically reduced” when Tikatok became popular. He also said that the Bidance-owned app continues to be the focus of Meta’s competitive efforts for several years.

Bidance Buying Musical.Le in 2017, and Merge This is with Tikatok next year. At the same time, Meta (known as Facebook) Facebook has stopped reporting user numbers In the quarterly report, a new “family family” is transferred to the metric that surrounds Instagram and WhatsApp. This change was designed to hide the Meta’s flagship app slowly.

In response to a question about “Network Effects” of Social Media Platforms, Zuckerberg made another interesting comment during the trial. He said that it has become less important for social media applications to increase connection between friends and family.

Zuckerberg told the court, “Apps now serve as an engine of invention.” “People can take that content on messaging engines.”

At the same time, however, Facebook is “trying to come back”And roots ” Turn once again on those network effects. The company has recently revealed new features designed to make connection with friends more simply A rebuilding friend tab It highlights the friend’s request and activity. In January, Zuckerberg told investors that a “Return on OG Facebook” was the main goal for 2025.