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Wednesday, 09/21/2022 10:31:52 AM

Wednesday, September 21, 2022 10:31:52 AM

Post# of 34564
Meta is not Zuck's only problem.

Its recent earnings reports have been dismal. It started in February, when the company revealed no growth in monthly Facebook users, triggering a historic collapse in its stock price and slashing Zuckerberg’s fortune by US$31 billion, among the biggest one-day declines in wealth ever. Other issues include Instagram’s bet on Reels — its answer to TikTok’s short-form video platform — even though it’s worth less in advertising revenue, while the industry overall has been affected by lower marketing spending due to concerns over an economic slowdown.



For those keeping track, I believe we should be seeing a deal with Nerdland very soon. I believe John overreacted with his first sell failure on his PP offering...wink, wink!

This is where we separate the weak from the strong. Adding to the pile here.