Bad news, Mark Zuckerberg. People aren’t really interested in Facebook censorship anymore — let alone your metaverse fever dream. Facebook stock lost $200 billion in value in one of the biggest stock drops in history, as users flee for Tik Tok.
Today, hundreds of millions of ex-Facebook users are wildly cheering one of the biggest stock market collapses of a single company in modern times, a $200 billion devaluation of Meta formerly known as Facebook. Why did Facebook Meta stock crash so hard? Because so many users have fled fascist Facebook for places that don't censor, ban and suspend you for having a differing opinion like Tik Tok and others. If Facebook disappeared from the planet tomorrow, that'd be fine with me. But don't go getting your hopes up just yet.
"Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil." Ecclesiastes 8:11 (KJB)
Companies like Facebook Meta, Google, Amazon and even Elon Musk are part of the prophesied coming kingdom of Antichrist, and as such, I fully expect to see Facebook showing record profits in a relatively short period of time. But after having our NTEB Facebook page unpublished last month with its hundreds of thousands of followers, I am going to sit back, pour myself of steaming hot cup o' joe, and enjoy this little victory against the tyrant Zuckerberg.
FINAL COUNTDOWN: THE MARK OF THE BEAST GLOBAL SYSTEM IS PREPARING TO LAUNCH THE METAVERSE, AND YOU NEED TO HAVE NOTHING TO DO WITH IT
Facebook crashes after user base started shrinking
FROM FUTURISM: Stock prices for Meta, the company formerly known as Facebook, took a swan dive on Wednesday after the company revealed both a profit decline and, for the first time in its history, a shrinking userbase— leading to a sell off that resulted in a $195 billion stock plunge, Bloomberg reports.
If it holds, the 22 percent dip could be the biggest collapse in market value for a US company in stock market history. A look under the hood shows that the company is dealing with several problems that have culminated into a perfect storm of dwindling profits.
For one, Facebook has yet again failed to grow its daily or monthly active user bases as it faces stiff competition from TikTok and many other upstarts. The company’s advertising growth also slowed as changes to Apple’s iOS made targeted advertising more difficult. There’s also the case of the company’s moonshot goal of creating a workable metaverse. Meta’s AR and VR unit Reality Labs posted a more than $10 billion loss in its first ever financial report, according to CNN. The numbers don’t bode well for its future viability.
“Investors will look at these numbers closely as a first indicator of how far off the Metaverse is from being a profitable reality,” Tom Johnson, global chief digital officer at media agency Mindshare Worldwide, told the broadcaster.
Zuckerberg’s metaverse was always going to be a bit of a long shot. If the recent stock crash is any indication, convincing large swaths of the population to remain on Facebook and purchase a cumbersome VR headset to do depressing metaverse activities is going to be a near impossible task. READ MORE
No comments:
Post a Comment