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More like in a perfect storm --pandemic, war, inflation --now an oil and gas crisis.I think we are in recession now mark my words
Revised floor price --turns out to be very realistic...Revised floor price --very pessimistic
After this latest leg down, more than $600 billion in market value has vanished since the company announced its new name nearly a year ago on Oct. 28, 2021. And the stock is down a crushing 69% since then — more than double the declines of other mega-cap tech stocks.
The Metaverse is bleeding red ink!
1.) Recession is in everyone's mind.
2.) The Apple *Eco-system* is adverse to ad tracking.
3.) The novelty of social media has lost a lot of its appeal and has become a boring echo-chamber.
Facebook’s parent company showed a decline in profits and revenue, and it sent share prices plummeting. Zuckerberg, who at one time had a net worth of more than $136 billion, has seen his fortune erode by almost $100 billion, and is currently worth $38.2 billion.
In other words, his net worth has declined by more than 75% since its peak last year.