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3 figures to understand the fall of Mark Zuckerberg in 2022

by Hashem Ali
July 3, 2023
in Technology
2 min read
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There is definitely no need to panic, and Mark Zuckerberg remains one of the richest people on the planet. However, in recent years, the fortune of the Facebook founder has plummeted. We explain why with the help of three symbolic figures.

$56 billion: a solid fortune, but in free fall

According to Bloomberg, Mark Zuckerberg’s net worth has shrunk by $71 billion this year to $55.9 billion. The Facebook founder is still ranked 20th on the list of the richest people in the world, but he was placed in third place. place only two years ago. To explain this result, on In particular, one can cite the fear of falling advertising revenue and competition from new platforms such as TikTok. Moreover, some are not shy in expressions. son respect and openly criticize his recent strategic choices. Quoting CNBC, Bill George, a member of the Harvard Business School, argues as follows: “I think that Facebook will not succeed as long as it exists. This is probably one of the reasons why so many people are giving up on business. He is on the wrong track. »

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$2.8 billion was lost developing the metaverse in just three months

This rate has been heavily criticized, which also partly explains investors’ fears. Mark Zuckerberg is a firm believer in the Metaverse and wants to give himself the means to develop this Internet based on virtual reality. Therefore, for this, he decided to hire a large number of talents in the US and Europe. In the short term, this turns out to be expensive. During second quarter 2022, on Thus, it became known that Reality Labs, which is developing a new virtual world, recorded a negative result of $ 2.8 billion.

1 billion users in the metaverse in 2030 – a chimerical dream?

Far from admitting defeat, Mark Zuckerberg thinks long term. He firmly believes that the metaverse will be the winning bet, with one billion users by 2030 pushed forward. However, many remain skeptical about the chances of success of such a project, as well as its real need. Finally, note that some criticize the real risks the metaverse could pose to the environment. On the side of his supporters, on the other hand, on explains that this will drastically reduce our trips.

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