Mark Zuckerberg has already lost more than half of his fortune this year, losing $ 71 billion since the beginning of this year alone, due to the decrease in the number of users on the platform.died“.
The Facebook founder is now ranked 20th in the Bloomberg Billionaires Index and 22nd in the Forbes Index, with a net worth of $ 55.3 billion, according to 2oceansvibe News.
While the value of Zuckerberg’s wealth peaked in September last year (2021), when it hit $ 142 billion, according to the site.
Low number of subscribers
Much of the loss can be attributed to “meta,” according to Bloomberg. After his company’s stock hit $ 382 in September 2021, Zuckerberg changed the company name from “Facebook” to “meta” and dropped significantly at that time.
Its latest earnings reports have been grim as it began in February when the company revealed a lack of growth in its monthly users, leading to a historic slump in its share price and reducing Zuckerberg’s fortune by $ 31 billion. among the greatest wealth of a day ever declines.
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Coils functionality
So Instagram’s Reels, the platform’s desperate response to TikTok, would cause the company financial problems.
This feature had poor results in terms of ad revenue, as many people preferred to use the original video sharing platform instead of the fake Insta feature.
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Meta, Facebook (iStock)
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Laura Martin, Needham & Co’s chief internet analyst, said the company’s shares fell due to investments in Metaverse.
Zuckerberg himself expected the project to lose “significant” amounts of money over the next three or five years.
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