Considered one of the greatest companies of all time Metain just 16 months More than $730 billion lost lived. The social media giant, which reached a market value of $ 1 trillion in the summer of 2021, is currently around $ 270 billion. It is also not one of the top 20 most valuable companies in the USA.
Meta and Zuckerberg’s fortune melted: Not in the top 20
Sharing its financial reports for the third quarter of 2022, Meta reported a record loss. Losing $730 billion in 16 months Market value of $270 billion Shares of the company, which declined, are trading at their lowest levels since 2016.
The decline in the value of Meta deeply affected its CEO, Mark Zuckerberg. Mark Zuckerberg’s fortune fell another $11 billion in the last quarter. This means that his net worth over a one-year period. decreased by more than $100 billion means.
Metaverse criticism from Xbox’s boss!
Phil Spencer, one of the important names of Xbox, made a remarkable statement about the metaverse at a conference he attended.
Meta, which first reached a value of $ 1 trillion in June 2021; It competed with competitors such as Apple, Microsoft, Alphabet, and Amazon. However, nowadays Pfizer and Coca Cola relegated to the same league. While the value of Meta has decreased to 270 billion dollars, it has been stated that it has lost 147 billion dollars since last year.
However, Zuckerberg’s to the metaverse support continues. Meta CEO said that there is “a lot of stuff going on” in the world right now, regarding the financial report. “We’re having advertising challenges, especially at Apple. We have long-term investments that we believe will yield greater returns over time.”
It should be noted that the shares of the company, which passed the trillion-dollar market value threshold, also decreased. Again Apple, Microsoft, Alphabet and Amazon They continue to be companies worth more than $1 trillion.
So what do you think about this subject? You can share your views with us in the comments section.