Authored by Bryan Jung via The Epoch Times (emphasis ours),

Mark Zuckerberg admitted that Meta failed to anticipate major changes in social media use that contributed to the success of its rival TikTok, which he called a "very effective competitor."

In an interview with Stratechery last week, Zuckerberg said that he "sort of missed" the way that people currently "interact with discovered content" through social media.

The founder of Facebook said that social media users are increasingly using their social media "feeds" to find useful content, rather than for just sharing content with friends and family.

Although people are still interacting with posted content through social networking services, fewer are spending time doing so.