Mark Zuckerberg Is in Big, Big Trouble...

Meta CEO Mark Zuckerberg's fortune has dropped by a whopping $71 billion so far this year, making him only the 20th richest person in the world.

It's the lowest spot he's occupied in eight years, in a sign of how far he's fallen. Just two years ago, he was the third person in the world, with almost twice the net worth

It's worth noting that 2022 has proven disastrous for global markets and other tech titans as well.In the self-inflicted era of the metaverse, Zuckerberg is in big, big trouble. Meta Pivot

Facebook's highest valuation in recent memory, September 2021, happens to coincide with the month before Zuckerberg announced the company's name change and pivot to the metaverse.

It's no wonder investors have responded negatively to Zuckerberg's zillion dollar bet. Some experts are even now saying that Zuckerberg is taking Meta down with him.

The result is that the company's finances are in tatters. Bloomberg called the company's recent earnings reports "dismal," with TikTok stealing users from Meta's Instagram left and right.


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