At 2022, Meta was down 70%, making it the worst performing stock in the entire s&p 500. A video by Coldfusion helps us understand what happened to one of the biggest companies in the world and the full picture behind its downfall.
In short, the collapse of meta’ stock price has a number of main factors: companies advertising budgest in the face of economic uncertainty, changes to Apple’s privacy settings hurt its targeted ads, the competition from rivals such as TikTok, and of course her early entry into the Metaverse market. Watch the full video below in order to get a full perspective. of Meta’s story.