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Sep 20, 2022

Mark Zuckerberg has lost $70 billion in 2022 after metaverse leap

Posted by in category: habitats

Markets have been down but Meta’s stock price loss is astounding.

Facebook founder Mark Zuckerberg’s personal worth has eroded by a whopping $71 billion dollars in 2022 alone, the most for any billionaire as tracked by Bloomberg.

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IStock/COM & O

Last year, amidst the high scrutiny on the whistleblower complaints at Facebook, CEO Zuckerberg announced his company’s decision to focus on building the next big thing on the internet, the metaverse. This announcement was accompanied by a major rebranding of the company to Meta and a surge of interest in the metaverse.

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