![]() ![]() But he is acknowledging the world around him and what they care about. ![]() This does not necessarily mean he doesn’t care about candy. It’s as if your kid just said they’ll go to school tomorrow. Zuck said they are starting to care about efficiency. But then, Zuckerberg gets on a call with investors on Wednesday, the 1st of Feb. Switching your content there would’ve provided you with far more reach and growth.Įvery day that passed felt like Meta was being forgotten as Nokia was. If you don’t live in a cave, you’ll know that TikTok is growing massively. When you subconsciously feel that Meta is in a downfall, you’ll think of using alternatives to Facebook and Instagram, especially if you’re a content creator. The answer is by working as usual, regardless of Zuckerberg’s vision. But how could the Meta team outperform the estimates when almost the whole world believes that they’re in a downfall? We’d eagerly wait for the quarterly earning calls to know if they outperformed the estimates to re-invest in them. For example, Apple would’ve turned your $1000 into $10,000 (at the time of writing this.) Then Wall Street started believing he was crazy.Įvery week you’d look at the stock and find out a new 10% drop or so. So it’s not as lucrative as most average tech stocks. You might say, but that’s still a profit? But you invested in 2012, ten years ago. Let’s say you invested $1000 in Facebook in 2012. So as an investor, it looks like a big bet on the metaverse.Īdd to that the fact that there was a recession, and you’re having the worst Facebook stock drop. ![]() It was just a rollercoaster going down in terms of financials. They built products that not many people purchased, like the Meta Quest Pro for $1500. They laid people off because they believed the focus should switch to the Metaverse. Then he teased them further by the continuing mention of how they’re doubling down on the Metaverse. That was such an extreme move that many investors thought he was losing it. We all knew Zuckerberg liked the metaverse and acquired Oculus for that reason. 5 Interested in seeing the Facebook pitch deck that raised their first $400k? Zuck damaged Facebook when he renamed it. ![]()
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