Mark Zuckerberg loses 27 billion dollars for publishing an image, the metaverse does not convince

Since Facebook announced its metaverse, users have been wondering what the future of said platform will be, since what Mark Zuckerberg himself has shown has not convinced the vast majority of users.

Ever since the company revealed its plans with the ‘metaverse’ and changed its name to Meta in reference to it, stocks have been plummeting. Not only that, but since this year, the net worth of Mark Zuckerberg, CEO of Meta, has decreased a total of 71,000 million dollars according to Bloomberg.

If you think you’re having a bad month, Mark Zuckerberg’s net worth has decreased by $27 Billion since he posted this picture. pic.twitter.com/QApDz9YYGb

— Chris Bakke (@ChrisJBakke) September 19, 2022

The main reason Meta has gone downhill and unchecked began with its reveal to the world of its metaverse concept. However, Zuckerberg has already warned that the company would lose a “significant” amount in the next 3-5 years. While making this gigantic investment, Laura Martin, a senior analyst at Needham & Co, comments that the company “has to get its Facebook users back from TikTok”, although everything indicates that this is rather unlikely as things stand.

According to Bloomberg, Meta could patch up these gigantic money leaks by investing in major changes in other businesses, such as WhatsApp or Instagram. However, the changes come as a dropper for both applications, making the presence of both against other alternatives is diminished by the lack of freshness and innovative ideas and exhaustion.