700 billion dollars. That's how much market value Meta has lost in the past nine months. With Facebook's user growth starting to slow down, Mark Zuckerberg has been forced to invest billions of dollars into the Metaverse, but investors don't see the potential in the Metaverse, which is losing boatloads full of money. In the first nine months of this year, Meta lost 9.4 billion dollars in their Metaverse division.

Despite spending billions, Meta's new virtual space, The Rising World has been struggling to obtain users. Horizon Worlds hasn't even passed 200 000 monthly active users despite being released for an entire year. Meta's advertising business is also struggled me as well, with sales dropping 3.7 from the previous quarter. This has led Zuckerberg to see his company go down by.


By Stock Chat

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9 thoughts on “Meta just lost $700 billion”
  1. Avataaar/Circle Created with python_avatars Outofideas says:

    The VR equipment is still too cumbersome. And peoples glasses fog up. VR not ready for mass adoption.

  2. Avataaar/Circle Created with python_avatars Stephanie Pantera says:

    I’ve never even heard of horizon world

  3. Avataaar/Circle Created with python_avatars imustacheyouaquestion says:

    He doesn't know when to fold

  4. Avataaar/Circle Created with python_avatars SEX KING says:

    Billion???

  5. Avataaar/Circle Created with python_avatars Just some guy says:

    No one gives a shit about some crappy 2nd life

  6. Avataaar/Circle Created with python_avatars Juan Valdez says:

    This is great news!

  7. Avataaar/Circle Created with python_avatars emma tindal says:

    it would be crazy if you pinned this comment ngl

  8. Avataaar/Circle Created with python_avatars Nikolak44 AJ says:

    Lizard? He's demonically possessed actually.

  9. Avataaar/Circle Created with python_avatars Merkshy says:

    good

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