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OverviewAPI
Facebook, now Meta Platforms Inc., has sustained its dominance with over 2 billion active daily users, attributed to its focus on gamifying social relationships and adapting to user preferences. Early competitors like MySpace and Friendster faced challenges due to design changes and competition from Facebook. Meta's acquisitions of Instagram, WhatsApp, and Oculus have contributed to its continued success by diversifying offerings and maintaining a strong presence in the social media market.

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