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Meta losses show the costly risk of the metaverse

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Meta losses show the costly risk of the metaverse

Source: www.insiderintelligence.com

The tendency: Goal and CEO mark zuckerberg They are having a tough year.

  • The tech giant’s market value fell 57% this year compared to Apple‘s 14% dressing, Amazon‘s 26%Y Alphabet‘s 29%, by yahoo.
  • With most of Zuckerberg’s wealth tied to Meta, the billionaire has lost at least half of his fortune, erasing $71 billion of his net worth this year, by Bloomberg.
  • Meta also faces regulatory battles. The company received a blow in his appeal of a German antitrust ruling and is now subject to EU General Data Protection Regulation (GDPR) investigations as part of antitrust challenge.
  • In the US, a group of states led by New York is entrepreneur an appeals court to reinstate an antitrust lawsuit against Meta’s Facebookciting the ongoing damage of the company’s actions.

root of the…

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