Posted on 10/27/2022 1:43:11 PM PDT by Scarlett156
Mark Zuckerberg has seen his wealth drop a further $11 billion, meaning his net worth has now plummeted more than $100 billion in a little over a year.
Meta reported a decline in revenue for the second consecutive quarter this week. The company has struggled to come out on top after sinking $70 billion into the Metaverse, its immersive virtual world that has been mocked for containing never-ending empty rooms after failing to attract users.
The quarter’s weak results raised fresh questions about Meta’s plans to pour more money - at least $10 billion a year - into the virtual realm, as investors raise doubts about growth.
(Excerpt) Read more at dailymail.co.uk ...
Oh poor wee thing
Theres nothing sadder than a homeless billionaire ...
(Set to music thats a Top Ten hit)
Poor man, who can survive on a paltry 38 Billion?
Let me cry a river.
~snicker~
Let me cry a river.
~snicker~
I wouldn’t mind.
“after sinking $70 billion into the Metaverse”
How was that done?
A thousand experts at $200,000/year each on average is $200 million.
What a shame.
All I can say is GOOD!!!!!
Now he’s only worth 38 billion. How the mighty have fallen.
Well at least since Jeff Bezos’ divorce.
I sold at 300 before the 2021 dip that evolved into a wipeout (no one should join FB, but until people, including Freepers, wake up and do so, and the rest quit, I will buy/sell/hold FB and any company that offers stratospheric value), and considered getting back in over the summer, until Suckerberg personally pimped the Meta Quest Pro release earlier this month.
Realizing Mark jumped the shark about the same time the stock peaked at 382, FB is over.
It has devolved into Myspace II, and I've taken a short to sell at 200 -- which was its 2019 value -- and is reasonable once the volatility balloon pops after the election and the bear pokes his head out of the den.
Unfortunately, it is only a paper lose so far.
Still glad you helped steal the election for Biteme and the Dummies? It sucks to be Zuck in an economy run by economic illiterates!
Normally I don’t indulge in Schadenfreud.
But.
I’ll make an exception in his case.
Ouch!
I’ll rejoice when Facebook, as with ZuckerbergIdiot, fully implodes....
‘Facebook - It is truly a dream come true for the CIA’
https://www.youtube.com/watch?v=PoFCr7XorNE
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