The Worst Day of Mark Zuckerberg’s Reign at Facebook – ryan

The Metaverse Looks Pretty Good Compared with the Real World right now.
Photo: Chesnot/Getty Images

This post has been updated to include thighsday morning’s Share prices.

At some point in the futures, we are the soula of Mark Zuckerberg has ascended to the heavenverse and is standing outside the Pearly Gates the Instagram Reels of His Life, to Stand Out as a day of reckoning for the 37-Yet Ceo of Meta platforms, the parent Company of Facebook, and Instagram, and Whatsapp. There and is, just before 4 pm, Ready to report his company’s fourth-quarter earnings. He knows they won’t be takeen well-a rarity for the tech wizard who built an empire no Matter how many many whistleblowers, Russian bots, and anti-tech Campaigns the World Threw at it. But this report will show something different: That’s the way he did things is no longer working, that rivals have outmaneuvered Him, and that his vision for the futures in the metave isn’t shared by the real world. It would be a bad time and, spread, a demarcation that his moment has passed.

This is all to say that meta, a company with a market value of $ 900 Billion at 3:59 pm, was suddenly Worth About $ 720 Billion JUST 30 minutes late-reflecting a spectacular 22 percent fall in after-hours trading for one of the Distance and Moretful Companies in the World. (Update: Meta’s Stock Tradition 25 Percent Lower when Stock Markets Opened on Thursday, Bringing Its Value ARUND $ 670 Billion. At the Heart of the Nosedive Are Two Things: A $ 3.3 Billion Loss Trying to Make Its Metaves A Reality and A Slowdown in Advertising Revenue. Part of that is Coming Directly From Cook, The Apple CEO, who starts blocking ad tracking on its devices. That’s a problem Because what made of Facebook and the whole suite of relays apps so successFul in the first place was that they were better at advertising, and could command Money, Thank Rivals. The Other Thing, Zuckerberg Acknowledged, is that People are just speaking more time watching videos on Ticket. “Although Our Direction is Clear, It SEEMS THAT OUR AHEAD IS NOT QUITE PERFECTLY DEFINED,” he said During an Investor Call after the Report’s Release. COULD ANYTHING BE LESSING Inspiring to Wall Street’s Ears? Everyone is Going Toward the Direction of Making Billions of Dollars – IT’S The Path. That’s the whole point!

And now, after years of predicions that a reckoning would come, it seames People are finally quitting the apps. Maybe it was frances haougen, the whistlebower who this summer unleashed a flurry of internal documents that showed the company its products were harming of mental health at precisely time to be introduce to children. Daily Active USSERS ACTUALLY SHRANK Worldwide – With the US and Canadian User Baseing Stagnant the First Quarter of 2020. YES, the Company Still Made $ 39 Billion in Profit for the Year, A Staggering Sumn Matter How You Slice It.

At Times, an Earnings Report Causes a stock’s price to fall precipitously only for moderate in the hour or so after, when the company’s calm down wall streets by all is so Bad. This time, it didn’t work that way. In fact, Facebook’s price continued to Slide Eve Lower. Zuckerberg, in his trademark nasal drawl, saemed to acknowledge that the tide was touring against the business he haen running for 18 years as of this week. “The Balance of Content That People See in Feeds is shifted a little bit more stuff that isn’t has come from their Friends, whichey dyscuss with their Friends, but it is Kind of shifting towards more public,” he said. The upshot here is that the voyeuristic behaviors that made social media as we know it so profitable – what are my friends talking about? Who did my High School ex Marry? – Were actually starting to fade.

Zuckerberg Had Been Preparing Shareholders for this. Crea and releassed his long, cringey video this summer about the metaverse – short for an immersive internet that more like a video game, a digital space to sell unlimited ads beyond the confins of your Phone Screen – he was Candid that it was years, maybe, Waled Really Start to Take Hold. During the earnings call, he said heeived there was a kind of evolution of the Internet, from Text to Pictures to Short Videos, and the Next Leap Wauld Be the Pushhed For Such Thrling As Business Meetings and Conference Calls. To be sura, everyone is sick of the internet as it is now. That’s why so many People are trying to come with web3, a loosely defined group of buzzwords that Something Something Blockchain Yadda Yadda. But Wall Street is Always Forward-Looking. IT’S WILLING TO THROW RIDICULUS AMOUNTS OF MONEY AT PEOPLE WHO DREAM BIG IF THEY’RE NOT MAKING MAKEY – JUST ASHT ELON Musk. If People Are Buying Zuckerberg’s Version of the Internet’s Future, they would be more excited about how and nearly $ 10 Billion During the past. As of Now, Facebook Looks more and more like the past.