Facebook's parent company Meta's quarterly earnings report revealed a startling statistic: For the first time in history, the company's growth is stagnating worldwide.

Facebook reported a loss of daily users for the first time in its 18-year history as shares of parent company Meta fell more than 22% on Wednesday. Facebook lost its daily users by dropping by about half a million users in the last three months of 2021.

For the first time in the platform's history, Facebook reported 2.91 billion monthly active users in the fourth quarter, showing no increase compared to the previous quarter.

The company is facing challenges on multiple fronts. As competitor TikTok is booming, US and international regulators are scrutinizing Facebook business practices. The company also said it was facing setbacks as a result of Apple's privacy changes.

The social media giant is investing heavily in the futuristic meta -project , but for now, it relies on advertising revenue.