Mark Zuckerberg and Facebook Take Tough Decisions | Arena | jacksonprogress-argus.com

Social-media giant Facebook is going through a tough time marked by stagnant growth.Facebook is starting to look like a shadow of its former self. The giant social-media company, now known as Meta Platforms  (META) – Get Meta Platforms Inc. Report, has been on a slide this year, with the shares down 58%.  Some top athletes and coaches enjoy ‘farewell tours’ after announcing their retirements. These 15 stepped away in style based on Stathead and Vivid Seats research. Click for more. The market capitalization of the owner of Instagram and WhatsApp is now only $383 billion, the lowest level Mark Zuckerberg’s empire has reached since 2019. At that time Facebook was mired in the Cambridge Analytica scandal. The social network had allowed the consulting firm, which partnered with the Donald Trump campaign team ahead of the 2016 presidential election, to harvest private data from tens of millions of its users. The data in turn enabled it to profile voters.The group has fallen from the top echelon of the most valuable companies. At last check it ranked as the world’s 11th most valuable company. Contrast that with September 2021, when Zuckerberg’s company had reached what on Wall Street is the hugely significant threshold of $1 trillion…
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