{"id":1721481,"date":"2022-11-02T12:13:03","date_gmt":"2022-11-02T16:13:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1721481"},"modified":"2022-11-02T12:19:29","modified_gmt":"2022-11-02T16:19:29","slug":"investors-not-thrilled-after-facebook-sheds-800-billion-in-value","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-not-thrilled-after-facebook-sheds-800-billion-in-value\/","title":{"rendered":"Investors Not Thrilled After Facebook Sheds $800 Billion in Value"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finvestors-not-thrilled-after-facebook-sheds-800-billion-in-value%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1721481&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/justthenews.com\/sites\/default\/files\/styles\/social_media_share\/public\/2022-11\/GettyImages-1385540235.jpg?h=199d8c1f&#038;itok=dvetLbmg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Investors in Facebook parent company Meta are reportedly growing dissatisfied with the company&#8217;s fixation on the &#8220;metaverse&#8221; as the corporations&#8217; stock continues to plunge and its market capitalization continues a long slide.<\/p>\n<p>The company has seen its stock plummet throughout 2022, shedding more than 70% of its value from the start of the year as it fell from over $330 per share in January to nearly $90 per share this week.\u00a0<\/p>\n<p>The company&#8217;s market cap has also plunged from its high last year, dropping from just over $1 trillion in August of 2021 to under $250 billion in November.\u00a0<\/p>\n<p>Investors, meanwhile, are reported to be unhappy with the company&#8217;s business direction, specifically founder Mark Zuckerberg&#8217;s fixation on the virtual reality &#8220;metaverse,&#8221; a project that has generated relatively little excitement outside of esoteric tech circles.<\/p>\n<p>Jim Tierney, an investment officer for Meta shareholder AllianceBernstein, <a href=\"https:\/\/www.ft.com\/content\/0f4c676c-56a6-4b5e-850f-ddb78f9feb40\">told the Financial Times<\/a> that, had any other company plowed so much money into a strategically dubious project, &#8220;you\u2019d have activist investors writing letters, proposing alternative slates of directors, demanding change.&#8221;<\/p>\n<p>&#8220;I think Mark heard crystal clear what investors wanted. He\u2019s made his decision,&#8221; Tierney told the publication.<\/p>\n<p>David Older, an asset manager at Carmignac, claimed that Zuckerberg has been &#8220;tone-deaf to the investment community, doubling down on everything.&#8221;<\/p>\n<p>\u201cThe timeline for the metaverse is very stretched. I don\u2019t think you\u2019re going to know if it is the right move for five or 10 years,&#8221; he told FT.<\/p>\n<p>Meta, meanwhile, told FT that the company &#8220;value[s] the opinions of our investors and regularly engage with them to ensure we\u2019re aware of their respective perspectives.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors in Facebook parent company Meta are reportedly growing dissatisfied with the company&#8217;s fixation on the &#8220;metaverse&#8221; as the corporations&#8217; stock continues to plunge and its market capitalization continues a<\/p>\n","protected":false},"author":1,"featured_media":1721484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1721481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1721481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1721481"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1721481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1721484"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1721481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1721481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1721481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}