Facebook parent company Meta (FB) took a shellacking Thursday following its Wednesday Q4 earnings results, amid a miss on earnings per share and a dreadful outlook for Q1.
Investors fled the company’s stock Thursday, sending it plummeting more than 26% to $237.76 per share.
In a statement, CFO David Wehner pointed to Apple’s (AAPL) iOS privacy changes, inflation, and exchange rates as the biggest headwinds for the company moving forward.
But that’s not the only reason for the crash. Deep in Meta’s earnings slides, the company revealed that its user growth has slowed to a little more than a trickle. And in the case of daily active Facebook users in particular, the company actually lost 1 million users.