Mark Zuckerberg, founder of Facebook, now Meta, doesn’t stop daring. After changing the company’s name to something most people didn’t understand and haven’t even experienced, he had a heartfelt attack along with the release of the full 2021 results.
There was little room to be different in the face of the reality of the numbers, but the entrepreneur’s speeches are bringing the company’s shares down by more than 20% in the pre-market alone.
The company ended the day yesterday, in New York, valued at US$ 899 billion. A drop of that size could mean an adjustment of $180 billion in a single day.
Meta recorded the first drop in active users in its history: 500 thousand fewer in the last quarter of last year, ending the year with 1.929 billion.
The free interpretation of the speeches of the boy genius on social networks indicates that the company is experiencing a moment of transition.
Zuckerberg says that he is right that the metaverse and the bet on virtual reality is the right direction, but says that its potential and timeframe are not yet clear. He doesn’t have that answer.
Meanwhile, the division of the company that develops that potential target, Reality Labs, lost $10 billion last year.