Mark Zuckerberg and his gang are among the hottest headlines of the past few years. From getting hit with the largest fine ever issued under the European Union’s General Data Protection Regulation (close to $1.3 billion) for exporting EU user data to the United States, to falling stock prices, mass layoffs, and ultimately, a failed Metaverse project.
Meta’s dramatic downfall shows that the ambitious and untouchable CEO and Facebook co-founder is in serious trouble. One of his grand projects, the Metaverse – with a capital M – is ready to be laid down to rest in the tech industry’s pet cemetery.
At the end of 2022, the once trillion-dollar tech giant closed the year in a 70% freefall drop. This made it the worst-performing stock in the entire S&P 500. The company is in serious trouble. And the tricky transition from social networking giant Facebook into the virtual reality world of the Metaverse is taking its…
