TikTok charges, but why is only Meta down?

Recently, the social media sector in the United States has been full of turbulence.
Last week, when everyone was still shocked by the epic collapse of the stock price after Meta's financial report, the next day, Snap, which had nearly halved its share price, led the stock price to soar with a record performance, and soared more than 60% after hours.
In addition, Pinterest, which was brought down by Meta, also pulled 25% after hours with a performance that exceeded expectations.
The operation of social giants leaping back and forth in the unprecedented slump and boom made everyone dumbfounded.
At the same time, we also found a problem after we calmed down: this quarter, it seems that social media did not collapse collectively, but only Meta.
In this quarter, in addition to Meta's initial decrease in users and decline in net profits, almost all other social platforms delivered commendable performance: Snap, which rejected Meta's two acquisitions, reached 319 million days and achieved its first profit.
Pinterest's international users grew significantly and brought new opportunities, not to mention TikTok, which had previously announced a breakthrough of 1 billion months and was popular around the world.
In addition, more and more social startups are challenging Meta.
Messenger and Whatsapp, its communications applications, are under threat from the strong growth of Telegram and Discard.
"Facebook groups" have been largely replaced by Reddit.
Meta has recently become particularly "lonely" against the background of peers.
Snap has made its first profit since it was founded in a difficult situation.
Last Wednesday, Meta's after hours slump has caused a huge shock to the entire social media sector in the United States.
People regard Meta as the leader and believe that all social media will fall into the water in this quarter.
Among them, Snap, the old rival of Meta, was directly frightened to plummet by about 24%.
But soon, Snap presented an exciting V-shaped reversal.
One day after Meta released its financial report, Snap, the parent company of Snapchat, a social software, released the fourth quarter and full year financial reports of the company in fiscal year 2021.
The financial report shows that Snap's revenue in the fourth quarter was 1.298 billion US dollars, up 42% year on year;
The net profit reached 22.6 million US dollars, the first quarterly profit since the company was founded ten years ago.
In 2021, Snap achieved a revenue of 4.117 billion US dollars, up 64% year on year;
The net loss was $488 million, down 48% year on year;
Diluted earnings per share after adjustment was 50 cents, nearly 9 times that of 2020.
In addition to the impressive revenue data, Snap also handed over a user growth report completely different from Meta.
Although it also suffered from the impact from TiKTok, Snap still maintained the continuous growth of users in the fourth quarter.
The number of active users per day was 319 million, an increase of 54 million over the same period of last year, with a year-on-year growth of 20%.
It is worth noting that this is already