Mark Zuckerberg, who dealt with a series of scandals at the end of last year, is facing a 24% depreciation of Meta shares. While there was a year in which the number of users on Facebook did not increase, this loss caused a loss of approximately 230 billion dollars.
There was a lot of talk about the emergence of Facebook’s correspondence about affecting the mental health of young users and the establishment of Meta company. On Thursday, there was the most account deletion crisis in Facebook history. Here are 4 reasons Zuckerberg’s Meta is in trouble.
4 reasons Zuckerberg and Facebook Meta are in trouble!
Mark Zuckerberg didn’t have a very good year last year. However, it is very difficult to say that this year will be easy for the company. The question marks in people’s minds about the definition of Meta are not over yet. However, the company started to make huge losses. Here are 4 reasons Zuckerberg is in trouble with Facebook and Meta.
Facebook has come to the end of its massive growth. The social networking app lost nearly half a million users in the fourth quarter compared to the previous quarter. This was the first decline in the company’s 18-year history. Meta’s quarterly user growth rate was also the slowest in at least three years. Meta’s executives have yet to generate significant revenue. So, he chose a way to increase his revenues on WhatsApp, but that didn’t work out well either.
Apple introduced the “App Tracking Transparency” update last month. It allowed him to choose whether to allow apps like Facebook to track his online activities. With many users disabling it, Facebook has less data. The company started to make more losses as it moved in the right direction with less data and less advertisements.
Facebook now gives advertisers less visibility into user behavior. That’s why companies now prefer Google instead of Facebook. Unlike Meta, Google is not heavily dependent on Apple for user data.
China-backed TikTok has reached more than 1 billion users in a short time. Meta cloned TikTok with its Instagram Reels feature. Zuckerberg claimed in a statement that Reels is currently the #1 engagement tool across the app. Although it attracts a lot of users’ influence, it is obvious that it does not make as much money as stories and the main stream.
It is a matter of curiosity for everyone how Mark Zuckerberg and his company Meta will solve this decline both on the user side and financially.
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