Meta

Zuckerberg Has $Meta His Match

It’s been less than two weeks since Mark Zuckerberg reported that there was trouble in the Metaverse. After a nearly 80% decline over the last year, it looks like he’s finally met his match in angry shareholders.

Analysts and investors alike have not bought into the Metaverse vision. They’ve argued that the company needs to make significant cuts after allowing expenses to balloon 19% YoY to $22.1 billion. Especially as its core business continues to slow and the macro environment weakens further.

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