6 Reasons that Meta is in Trouble

The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.

Meta, the company formerly known as Facebook, suffered its biggest one-day wipeout ever on Thursday as its stock plummeted 26 percent and its market value plunged by more than $230 billion.

Its crash followed a dismal earnings report on Wednesday, when Mark Zuckerberg, the chief executive, laid out how the company was navigating a tricky transition from social networking toward the so-called virtual world of the metaverse. On Thursday, a company spokesman reiterated statements from its earnings announcement and declined to comment further.

Here are six reasons that Meta is in a difficult spot.

  • User growth has hit a ceiling.

The salad days of Facebook’s wild user growth are over.

Even though the company on Wednesday recorded modest gains in new users across its so-called family of apps — which includes…read more

--

--

--

Im a blogger

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why I have Medium…

Do you have that #FridayFeeling. And if you do I wonder — are you touching your phone?

Twitter Might Die, Or It Might Become An Experiment in Web…2.5 🤷🏽‍♀️

KOII is a great idea!!!

False, Fake, Faux, Facebook!, Twitter!… WHATSAPP?!

COVID-19 Enabled Creators on Social Media to Connect Meaningfully

MO ODISHA|LATEST ODISHA NEWS

How To Gain 1000 Followers on TikTok Fast

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Priya Shah

Priya Shah

Im a blogger

More from Medium

Melitta Bentz, Inventor of Coffee Filter

The 11 Top Remote Work Trends That Will Dominate 2022

Personal Knowledge Management — Concepts & Useful Apps

Choosing the Best Remote Spy Software