3 ms·
I think meta's dip was always much more about Mark being unimpeachable than anything else. The market new $10 billion a year for the metaverse was a drop in the
by HDThoreaun 3y ago
I think meta's dip was always much more about Mark being unimpeachable than anything else. The market new $10 billion a year for the metaverse was a drop in the bucket, I think everyone was reasonably confident that meta would have a tiktok competitor. The issue was that investors thought Mark making "bad" decisions now meant he would continue to. Instead he instituted massive layoffs to show investors that he is thinking of them, so the stock went back up.
I think meta's biggest non mark issue was the apple tracking stuff that cost them billions of dollars.