Everyone belived that Meta is future. But as of now Meta losses pile up to $9.4 billion.
Mark Zuckerberg's wealth went down from $140 billion to $35 billion in 2022.
AR and VR startup Oculus was acquired by Mark for $2 billion. The ultimate goal was to build meta but the market capitalization was down to $640 billion.
Meta subsidiary, Reality Labs which makes AR and VR, revenue are down to 50% with $285 million.
Whatsapp acquired for $19 billionInstagram for $1 billionNow this acquisition is not making the expected revenue in 2022.