Posted on 12/08/2024 11:33:58 AM PST by zeestephen
In October 2021...Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse...Meta's Reality Labs is hemorrhaging cash, racking up $58 billion in operating losses since 2020.
(Excerpt) Read more at cnbc.com ...
In spite of the huge R&D loss at Reality Labs, META stock has gone up from $100 to $620 since November 2022.
Meta continues to rack up impressive gains with its original Facebook products plus strong growth in advertising revenue.
“”””In October 2021...Facebook changed its name to Meta””””
Wow, either I missed that or forgot about it and no one has ever corrected me saying Facebook.
The Trump administration must bring Zuckerberg to heel for their censorship of facts and opinion he does not like.
They still list themselves as Facebook.com.
Tens of Billion$ ?
I wish they would revert back to the old interface. I hate the way it’s set up now.
Just keeping up with inflation like the rest of the market.
I call it the dodge hornet market where a pos car starts at 31k!
Facebook : Meta :: Google : Alphabet
I don’t think anybody but investors care. lol
Zuckerberg’s a CIA asset. He could never have built a multi billion dollar business on his own. Now that he lost that, he’s just flailing around trying to figure out how to make money besides deteriorating ad revenues.
Meta is a joke.
META stock has gone up from $100 to $620 since November 2022.
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Why?
FTA: $58 billion in operating losses since 2020
Why would Zuckerberg still have a job there?
He owns over 13% of the stock but has over 50% of the voting shares. He can do whatever he wants.
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