• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • 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

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

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

CZ tweets on FTX

CZ tweets on FTX: “Sad day. Tried, but [crying emoji]”

by Hellen
November 10, 2022

CZ, the CEO of Binance, tweets, "Sad day. Tried, but ," regarding the fully acquire of FTX.com.  https://twitter.com/cz_binance/status/1590463239925944320 On...

Google Cloud Is Indexing Solana Data

Google Cloud Is Indexing Solana Data and Bringing it to BigQuery

by Hellen
November 8, 2022

Google Cloud has announced that it is working with Solana to bring Blockchain Node Engine to the Solana chain next...

What Is “Play-to-Earn” Gaming?

by Hellen
May 19, 2022

To think about all the ways that life has changed over the last twenty years thanks to the unprecedented rise...

health blockchain

Patient Data-Ownership Movement Launched

by Hellen
April 15, 2021

EHR Data has been hard at work for the past couple of years in developing a global healthcare database on...

Froge Coin

FROGE Coin Is Now Live – Get It While It’s Fresh

by Hellen
March 10, 2021

Today marks the launch of the biggest meme coin competitor- Froge Coin . The blockchain is an all-in-one cryptosystem that...

Wright

Craig Wright: Bitcoin Is Not Anti-bank

by Hellen
March 8, 2021

Bitcoin creator and nChain chief scientist Dr. Craig S. Wright, explains in detail the Bitcoin white paper he wrote in...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023

  • 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.