The Wrap Up: CAN TIKTOK OVERTAKE INSTAGRAM?
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 17 February 2022
⏱️ 23 minutes
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Summary
In this Wrap Up we debated if TikTok could overtake Instagram. #tiktok #Instagram #socialmedia
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Transcript
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| 0:00.0 | This is the big one from last week. |
| 0:02.1 | It's still a big issue even this week, Facebook. |
| 0:06.6 | So they had their earnings report and... |
| 0:12.1 | Nelly, down, down, baby. |
| 0:14.3 | Big issues. |
| 0:16.1 | So this was the biggest one day drop in stock market history |
| 0:22.6 | as far as how much money was taken off the books. |
| 0:24.6 | I think over $200 billion. |
| 0:26.3 | $230 billion. |
| 0:27.7 | It was erased in one day, Facebook stock went down like 25%. |
| 0:32.0 | It's down again today. |
| 0:34.7 | So, okay. |
| 0:37.0 | It's a couple different factors for this. |
| 0:39.2 | Mm-hmm. |
| 0:40.8 | They didn't hit their earnings, projected earnings. |
| 0:44.4 | But also for the first time in 18 years, |
| 0:48.7 | they had a negative growth rate on Facebook. |
| 0:51.4 | Now, Instagram and WhatsApp still have positive growth rates, |
| 0:55.8 | but... |
| 0:56.8 | Supposedly on Instagram. |
| 0:58.6 | Well, yeah, reported. |
| 1:00.3 | But Facebook had a negative growth. |
... |
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