Meta- Virtual Rape and Massive Loss
Zuckershit Lost A Fortune, The Best Day Of The Year So Far!
Facebook, now meta, is the company everyone hates deep inside. With that in mind, it’s easy to see why recent events came with such great joy to many people metas market cap fell by 26% in one day erasing $240 billion of value by 25% in one day. This was the most significant single-day market cap drop in history for a US publicly-traded company. zuckershit personally lost $29 billion in the collapse. So what caused it, and what does this signal for the company? So why did the stock fall so much?
Simply put, the Facebook platform is losing popularity. In 2018 younger Americans and Europeans began to leave the platform in droves. Back then, that was still okay for Facebook’s bottom line because the developing market uptake was growing at a much faster rate. Then Western markets were leaving. In an earnings report, the company stated that for the first time in its history, the Facebook social network platform was losing daily users overall. The Facebook platforms in Indian, African and Latin American markets are now bleeding users. The platform may have reached peak saturation. Young people in developing markets now go straight to tik-tok in western markets. Facebook is now seemingly a destination for old people and mothers groups. Everyone else mainly uses it for messenger groups and events. The main Facebook wall where most advertising takes place isn’t exactly why people log on. Apple’s made ad tracking more challenging, also hurting Facebook’s bottom line. The Facebook business model is advertising-driven, after all. In short, meta wasn’t going to be making as much money from Facebook as they forecasted. This news surprised the markets. And if you know anything about trading markets, they absolutely hate surprises. And from there, we saw the biggest wipeout in history.
Will this indeed be the future? For Facebook? Hopefully. It’s obviously a pivotal point for Facebook here, and the question is, what happens over the next few years? Does it recover, and is it able to pivot into a metaverse first company isn’t able to go with tick-tock? Is it able to actually lean into the video the way mark zuckerfuck wants it to? Or does the stock languish for the next 15 years, as we saw with Microsoft after 2008? Is it rare when…