<p class="title">Facebook Inc just beat analysts' estimates for daily active users on Wednesday, as the world's largest social network faced fierce competition for users' screen time from a slew of entertainment apps like TikTok and Netflix.</p>.<p class="bodytext">Shares of the company were down 5% as total costs and expenses surged 34% in the fourth quarter to 12.22 billion, dragging down operating margins.</p>.<p class="bodytext">Daily active users rose to 1.66 billion, slightly ahead of estimates of 1.65 billion, according to IBES data from Refinitiv.</p>.<p class="bodytext">Total revenue rose to $21.08 billion from $16.91 billion, beating estimate of $20.89 billion.</p>
<p class="title">Facebook Inc just beat analysts' estimates for daily active users on Wednesday, as the world's largest social network faced fierce competition for users' screen time from a slew of entertainment apps like TikTok and Netflix.</p>.<p class="bodytext">Shares of the company were down 5% as total costs and expenses surged 34% in the fourth quarter to 12.22 billion, dragging down operating margins.</p>.<p class="bodytext">Daily active users rose to 1.66 billion, slightly ahead of estimates of 1.65 billion, according to IBES data from Refinitiv.</p>.<p class="bodytext">Total revenue rose to $21.08 billion from $16.91 billion, beating estimate of $20.89 billion.</p>