Mark Zuckerberg’s wealth has dropped a further $11 billion, meaning his net worth has now plummeted more than $100 billion in just 13 months. Recall that Meta reported a decline in revenue for the second consecutive quarter this week, and the company has struggled to come out on top after investing $70 billion into the Metaverse, its immersive virtual world.
The quarter’s weak results raised fresh questions about Meta’s plans to pour more money at least $10 billion a year – into the virtual realm, as investors raise doubts about growth, the report said.
The company is also said to be falling in advertising sales as it faces competition from TikTok’s wildly popular video app.
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