New court filing shows that Meta execs agreed that Facebook was losing to TikTok
1. Meta executives fear TikTok outpacing Facebook and Instagram's engagement. 2. Zuckerberg labeled Facebook a 'challenger' in the competitive landscape. 3. TikTok's usage surpasses YouTube; affecting Meta's market position. 4. Internal discussions highlight fragmentation of users across multiple platforms. 5. Meta's growth is hindered by fierce competition from TikTok and others.