Last October, CEO Mark Zuckerberg announced that Facebook was rebranding as a goal and setting his sights on the metaverse, which he dubbed the “mobile Internet successor.”

But 12 months and more than $15 billion laterthe company has little to show for it.

• Target Market Value It’s down 57% this year, about twice as much as Amazon and Alphabet and more than four times as much as Apple.
• According to The Wall Street Journal, Meta currently has less than 200,000 monthly active users on its Horizon Worlds Metaverse Platform, although he had high hopes of reaching 500,000 users by the end of the year. (They have revised it in the last few weeks to 280,000.)

Here are a few reasons why Meta’s plans for the metaverse have stalled:

Bad moment: Meta had a lot of momentum going into…