How would it feel to lose 30 billion dollars? That's what I would ask Mr. Mark Zuckerberg, until recently a member of the top 10 of the world's billionaires club.
This loss is no small thing, it represents the worst fall in the history of Wall Street, never before has any company had such an overwhelming loss as the one registered by Meta (formerly Facebook), a blow that seems to be a determining factor in the existence of this company.
Let's see, it all started with Apple's new data policy, which gives the option to users of the bitten apple to accept or not the security standards of the apps, so the vast majority of Applefans in the world immediately choose "No" to the possibility that Mr. Zuckerberg continues to use our data to resell them to the highest bidder.
This has been very noticeable in Meta, the bet on Mr. Mark's metaverse, which due to its centralized character generates more rejection than attraction in the public. Likewise, the fame of the "F" has not been removed and both experts and developers want no place if name to this empire of evil built by the man who knows too much about us.
On the other hand, TikTok is destroying Instagram, taking advertising revenue away from the Meta empire, which although it owns WhatsApp, this app does not generate significant revenue for the conglomerate. Everything seems to indicate that Meta/Facebook will be the great victim of Web3, and if the rest do not adapt they will run the risk of suffering the same losses that the companies of "the snoopy" Zuckerberg are offering now.
Will we be seeing the fall of the first social networking empire or is it just a bump in the road, what do you think?