Meta - Not So Meta Anymore

Meta ($META@US) CEO Mark Zuckerberg’s wealth has dropped to $71B in 2022, down from $142B when it peaked in September 2021. His problems began when Zuckerberg introduced Meta in October 2021. In February, the stock price experienced a major drop when the company revealed that it experienced no monthly growth in Facebook users. The company is losing advertising revenue as social media users spend more time on TikTok. The stock has also experienced losses as it makes investments in the metaverse.