Why Meta Dropped 70 Percent
In this episode, we discuss Meta’s dramatic fall from the top, and the reasoning behind it. The company has surrendered 70 percent of its stock value over the past year — a huge reversal of fortune for investors who have grown increasingly disgruntled over CEO Mark Zuckerberg.
He has neglected Meta’s core business — originally embodied by the social media platform Facebook — as he pursues his Meta virtual reality dreams. How long can the company withstand his impractical stewardship? More from ColdFusion, an Australian-based online media company.