Share price fell to $93/share today and appears to remain in free fall from its peak of $384/share in September of 2021.
Competition, miscalculations, and regulatory scrutiny have all but killed the advertising giant’s dreams of diversifying its business and rolling up the digital world into its platform.
Source: Facebook’s Monopoly Is Imploding Before Our Eyes
Meta is structured so that Mark Zuckerberg controls a majority of the shareholder votes – that means he cannot be ousted by the shareholders. Instead, he may be the Captain that goes down with the sinking ship.
My FB feed is devoid of much content from “friends” now days – few of us post anything there. If it were not for some hobby groups I belong to, there would not be much content.