Mark Zuckerberg Is in Big, Big Trouble – Futurism

He’s lost a staggering amount of money so far this year.Billionaire WipeoutIt’s no secret that Meta-formerly-Facebook CEO Mark Zuckerberg’s metaverse pivot isn’t exactly paying off yet.The billionaire’s fortune has dropped by a whopping $71 billion —  leaving him with a piddling $55.9 billion left over — this year, Bloomberg reports, rendering him only the 20th richest person in the world.Sure, that’s still plenty of pocket money. But it’s the lowest spot he’s occupied in eight years, in a sign of how far he’s fallen. Just two years ago, he was the third person in the world, with almost twice the net worth, according to the report.It’s worth noting that 2022 has proven disastrous for global markets and other tech titans as well, but even Microsoft co-founder Bill Gates and Amazon founder Jeff Bezos have lost far less than that. The takeaway? In the self-inflicted era of the metaverse, Zuckerberg is in big, big trouble.Meta PivotFacebook’s highest valuation in recent memory, September 2021, happens to coincide with the month before Zuckerberg announced the company’s name change and pivot to the metaverse.Ever since, Zuckerberg has doubled down on the concept, which has so far materialized only as a desolate and much-lampooned  virtual playground that requires…
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