Mark Zuckerberg is running in loss, know why
A catastrophic 2022 for Mark Zuckerberg
Mark Zuckerberg could not have predicted that 2022 would be a terrible year for him economically
Among the wealthiest men in the world, but downgrading
The CEO of Meta, formerly Facebook, is one of the wealthiest men in the world
However, he is falling lower on the list.
A hundred-billion loss
Meta's stock price increased during the pandemic and peaked in 2021
They took 11 billion in losses during the October debacle and lost over 100 billion in assets at their peak.
In Bloomberg's Billionaire Index, Zuckerberg has lost more than 20 positions in the past four years.
Metaverse and competition
Zuckerberg's downfall has an explanation. the metaverse their company is following
Its construction has proved more complicated than anticipated.
Meta is also facing stiff competition from TikTok for advertising.