This year’s macroeconomic challenges have precious every tech company. However, Meta always manages to make the worst situation worse, according to Cecily Mauran, tech reporter for Mashable.

Although TikTok poses a severe threat to Meta’s existence, Meta is maybe more at risk from its own mistakes. Following are a few instances as per the reporter in which Meta was its own worst enemy.

Meta made stock market history in February 2022, but not in a favorable way. The largest one-day valuation loss in American history ensued when Meta dropped $237 billion over the course of one night. This occurred after Meta’s Q1 earnings were less than expected, which were blamed on the macroeconomic slowdown, strong competition from TikTok, and Apple iOS privacy rules that hindered Meta’s targeted advertising business.