Shares fell 20 % after Meta introduced its stability sheet for the July-September interval. Mark Zuckerberg has misplaced 61 % of his fortune this 12 months.
Social media platform Fb, which has confronted many privateness issues up to now, stepped into the digital actuality universe and adjusted the title of its roof firm to “Meta”.
Firm CEO Mark Zuckerberg spends a whole lot of time engaged on the metaverse universe.
Mark Zuckerberg’s fortune is melting
Shares fell 20 % after Meta introduced its stability sheet for the July-September interval. Mark Zuckerberg has misplaced 61 % of his fortune this 12 months.
Zuckerberg is at present the twenty third richest individual on the planet with a fortune of $48.9 billion. Meta CEO began 2022 with a fortune of $125 billion.
Meta traders usually voice their considerations about Zuckerberg’s stubbornness within the metaverse. Traders need the corporate to deal with extra worthwhile companies relatively than the metaverse.
Alternatively, Meta mentioned in its press launch that it expects the metaverse unit to proceed shedding cash in 2023.
Even the workers complain
Meta workers say Mark Zuckerberg is obsessive about the topic of the metaverse and that is all he desires to speak about.
One other worker, who just lately left, mentioned that some huge cash has been spent on the metaverse up to now, however little to point out individuals.
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