• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    LuBian Wallet's $1.3B BTC Transfer

    LuBian Wallet Moves $1.3B in Bitcoin Post DOJ Action

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Elon Musk Endorses Bitcoin Amidst Market Volatility

    Elon Musk Endorses Bitcoin Amidst Market Volatility

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Aptos and NBCUniversal Launch Blockchain-Based Rewards Platform

    Aptos Collaborates with NBCUniversal for New Web3 Platform

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Webus Integrates XRP for Tokenized Travel Rewards

    Webus Integrates XRP in New Reward Platform Initiative

    VanEck Updates Solana Staking ETF Prospectus

    VanEck Updates Solana Staking ETF Prospectus

    VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

    VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

    VanEck Files Updated Prospectus for Solana Staking ETF

    VanEck Files Updated Prospectus for Solana Staking ETF

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Mark Zuckerberg’s Meta Mismanagement Ruined the Stock Price

Hellen by Hellen
October 27, 2022
in Latest News
meta madness mark zuckerberg

If you checked the stock market, Meta’s stock has reached $114.20. Not bad, some would say. But considering that the company’s stock was $312.20 in October 2021, that’s terrible, especially for investors. 

When Facebook CEO Mark Zuckerberg announced last October that the company would change its name to Meta and become a “metaverse corporation,” he created a picture of an unrealistic world in which billions of people would spend hours absorbed in immersive virtual environments.   

After the meta madness started, Zuckerberg initiated numerous changes that seemed in the end to be failures. The Facebook page management dashboard was modified and turned to have thousand different appearances. The company made many updates to the advertising platform that have turned into bugs. And the failed cryptocurrency initiatives didn’t help at all. 

And the cherry on top, he started showing images of his virtual reality which resulted in adverse reactions, describing it as ‘lame’ or ‘uninteresting.’  

All these unfortunate events have brought the stock price to a low level. Starting with the new Horizons app that didn’t meet expectations, users began to be skeptical. They said that Meta CEO should prioritize growing engagement and revenue on the company’s core apps, Facebook, Instagram, and WhatsApp.  

How many more red flags does Mark Zuckerberg need to give up his metaverse?

Over the past year, CEO Mark Zuckerberg has focused exclusively on his project, the metaverse. The project’s concept is more complex, but the main idea is that people can communicate with one another through virtual worlds rather than through conventional means. 

The metaverse was intended to provide Meta with a new beginning. Instead of enthusiasm for the recently launched app Horizon (the application dedicated to metaverse socializing), it faced many negative reactions and pressure. Most Horizon feedback was unfavorable, and users generally don’t return to the app after the first month.  

Internal documents demonstrated that the transition to the metaverse was struggling. There were uninterested consumers and a lack of understanding about what it would take to succeed. Analysts say that the company’s core apps, Facebook, Instagram, and WhatsApp, are largely neglected, while Meta poured $15 billion into its metaverse project.  

The Meta madness

These red flags didn’t stop Zuckerberg from his Meta madness and from making bad decisions. Even if the Horizon app wasn’t successful, Zuckerberg wasn’t too inspired in other ways either.  

He has carried out a whole chaotic revolution which users have not welcomed. They became confused, frustrated, and angry, and solutions to the problems didn’t come soon enough.  

Furthermore, Zuckerberg announced plans to launch NFTs, social tokens, and more, all while stock value was falling.  

All this leads to a situation where in October 2021, the company’s stock was $312.20, falling to just $114.20 in October 2022. 

Zuckerberg processed many updates to the advertising platform that have turned into bugs. The Facebook page management dashboard, modified too many times, turned out to have thousands of different appearances. Many functions have been moved, and the layout constantly changed, creating chaos and unhappy users.  

Neither was the rebranding of Facebook inspired. Facebook turned to Meta and directly referred to the metaverse that the company wants to build over the next 10-15 years. But Zuckerberg’s strong desire to introduce his currency was directly related to this rebranding. He was first banned from launching the Libra token because it was connected to Facebook. After the rebranding, Libra was renamed Diem at the end of December 2020 and wound down in January 2022. Another big failure.   

Final thoughts

Among the persistent complaints and bad results, Zuckerberg is going all in on the metaverse, but he should re-focus on other things. The CEO of Meta should concentrate on increasing engagement and revenue on the company’s primary apps.   

The numbers speak for themselves, and the 65% decrease in the company is no joke! 

Previous Post

Crypto Casino of the Year BC.GAME Launches Its All-New Redesigned Website With Better Features

Next Post

BC.GAME Invests 700 ETH in NFTs for a Better Metaverse

Hellen

Hellen

Related Posts

Fed's Miran Advocates Rapid Rate Cuts Amid Trade Tensions

Fed’s Miran Advocates Rapid Rate Cuts Amid Trade Tensions

by Solomon M.
October 15, 2025

Fed Governor Stephen Miran calls for rapid interest rate cuts during U.S.-China trade tensions.

Erebor Bank Secures OCC Approval with Peter Thiel's Backing

Erebor Bank Secures OCC Approval with Peter Thiel’s Backing

by Joshua T.
October 15, 2025

Erebor Bank, backed by Peter Thiel, obtains OCC's preliminary approval for stablecoin operations.

Fed Chair Shortlist Narrows to Five Candidates

Fed Chair Shortlist Narrows to Five Candidates

by Solomon M.
October 15, 2025

Scott Bessent confirms the Fed Chair shortlist to five finalists, with a decision after Thanksgiving. Kevin Hassett leads as the...

Real-World Asset Tokenization: Bridging Traditional and Decentralized Finance

Real-World Asset Tokenization Reshapes Finance with Major Institutions

by Solomon M.
October 15, 2025

Real-world asset tokenization bridges traditional finance and DeFi, driven by institutional players and regulatory clarity.

Exploring Tokenized Finance with BlackRock and Fidelity

Real-World Assets Reshape Finance Via Tokenization

by Solomon M.
October 15, 2025

BlackRock and Fidelity advance tokenization, aiming for a $10T RWA market by 2030.

Ripple Collaborates with Absa Bank for Digital Asset Custody in Africa

Ripple Partners with Absa Bank for Asset Custody in Africa

by Solomon M.
October 15, 2025

Ripple partners with Absa Bank for institutional-grade digital asset custody across Africa, expanding global reach.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.