Photo Anthony Quintano/Wikipedia Commons/CC 2.0
Mark Zuckerberg’s policy regarding the metaversum is increasingly displeasing to other Meta shareholders. Will the fall in the giant’s boss’ stock quotes change his approach and affect his immediate plans?
Although the company’s financial performance is deteriorating, Facebook shares are still slowing and dissatisfaction among other shareholders continues to rise, Mark Zuckerberg remains adamant and promises to increase losses in order to build an online universe.
Facebook in crisis?
Subsequent statements by the American have an impact on the company’s financial results. As reported by FinancialTimes Last Thursday, Meta shares fell 25%. The reason for these quotes was information about Reality Labs, a department responsible for building the metaverse. It turned out that the losses generated by RL will reach almost 10 billion dollars next year.
Additionally, Meta announced a planned increase in capital spending that could consume nearly $40 billion in one year.
Shareholder impatience grows
Such results could not but affect the mood of Meta investors. At last week’s press conference, they expressed their displeasure with this turn of events. An additional flashpoint is the attitude of Zuckerberg himself, who ignored the shareholder vote. Many of them make it clear that such behavior would be unacceptable in other societies.
Something that also irritates investors is the lack of details regarding the development of the Metaverse. There are no dates, no specific plans. We’re still talking about a vision, big dreams, and no details. Such a policy, coupled with mounting costs, will only worsen the shareholders’ already fragile relationship with Zuckerberg.
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