SIGforum
Zuckerberg’s Fortune Has Been Cut in Half This Year
September 20, 2022, 01:37 PM
sdyZuckerberg’s Fortune Has Been Cut in Half This Year
https://www.breitbart.com/tech...metaverse-obsession/Mark Zuckerberg’s insistence on pivoting Facebook (now known as Meta) to focus on a digital metaverse appears to be costing him dearly, with his fortune dropping by $71 billion, or about half his overall wealth, this year alone.
Bloomberg reports that Facebook CEO Mark Zuckerberg may be regretting his pivot towards the metaverse as his fortune diminishes hugely. While every U.S. tech mogul has seen some of their wealth erased, Zuckerberg has been affected more than most with his fortune being cut in half dropping by $71 billion, the biggest loss among the world’s richest people according to the Bloomberg Billionaires Index.
Zuckerberg’s net worth of $55.9 billion now ranks him at the 20th spot among global billionaires, his lowest placement since 2014 behind three Waltons and two members of the Koch family.
Less than two years ago, Zuckerberg was worth $106 billion and ranked among an elite group of billionaires with only Jeff Bezos and Bill Gates placing above him in terms of personal wealth. In September 2021, Zuckerberg’s own worth reached $142 billion when Facebook shares reached as high as $382.
A month later, Zuckerberg rebranded Facebook as Meta and announced that the company would be focusing on building a digital metaverse. It has been largely downhill for Zuckerberg and the company since then as he fails to convince many that working, socializing, and living in a digital world via VR headsets is the future of the internet.
September 20, 2022, 01:43 PM
gearhoundsThe jackass probably saw Ready Player 1 too many times. It does my heart good knowing of his substantial losses.
“Remember to get vaccinated or a vaccinated person might get sick from a virus they got vaccinated against because you’re not vaccinated.” - author unknown September 20, 2022, 01:44 PM
nhtagmemberwarms my heart
couldn't have happened to a nicer asshole
September 20, 2022, 01:49 PM
HRKWouldn't feel too bad for him, likely he'll double his owned shares at the lower price and in a few years when the market recovers triple his net worth as people move into VR lifestyles.
Once you get Virtual Sex and Pizza working, well the world as we know it with human to human interfacing is over...
September 20, 2022, 02:08 PM
alptraumSheesh,I hope he's able to adapt to only having a net worth of $50+ billion dollars.
September 20, 2022, 02:11 PM
RogueJSKquote:
Originally posted by alptraum:
Sheesh,I hope he's able to adapt to only having a net worth of $50+ billion dollars.
He'll have to tighten his belt, pull himself up by his bootstraps, and start making coffee at home instead of going out, but somehow he'll survive.
September 20, 2022, 02:21 PM
EdmondAnd I hope it keeps getting cut in half until that bastard is broke and sucking dick in an alley.
What he and his "platform" have done to influence the idiots of this country, particularly in the 2020 presidential election, have caused massive damage to this country.
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September 20, 2022, 02:26 PM
divilquote:
Originally posted by nhtagmember:
warms my heart
couldn't have happened to a nicer asshole
This all day.
September 20, 2022, 02:30 PM
darthfusterMay he lose half again every day of his life
You’re a lying dog-faced pony soldier September 20, 2022, 04:17 PM
trapper189Ya, it’s not like he’s going to have to cancel his NetFlix subscription and start eating Raman.
September 20, 2022, 04:49 PM
nhracecraft
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If Some is Good, and More is Better.....then Too Much, is Just Enough !!
Trump 47....Make America Great Again!
"May Almighty God bless the United States of America" - parabellum 7/26/20
Live Free or Die!
September 20, 2022, 05:18 PM
PrefontaineI vote to let the locals in Kauai go over to his property and do how they please. No criminal or civil charges can be filed!
What am I doing? I'm talking to an empty telephone
September 20, 2022, 05:19 PM
egregore
He's not exactly hurting.
September 20, 2022, 05:20 PM
Balzé HalzéPoor bastard. Some people really have it awful.
~Alan
Acta Non Verba
NRA Life Member (Patron)
God, Family, Guns, Country
Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan
September 20, 2022, 05:25 PM
sdyquote:
What he and his "platform" have done to influence the idiots of this country, particularly in the 2020 presidential election, have caused massive damage to this country.
far more than most know. He was key in the 2020 "steal". Not only funded the hundreds of drop boxes in key DEM cities, but also literally installed his own people in some election positions
September 20, 2022, 06:49 PM
ensigmaticGiven Facebook's reputation for playing loose with privacy, security, and the truth: Can you imagine trusting your reality, virtual or otherwise, to its tender mercies?
Maybe people aren't quite as stupid and clueless as we've been thinking?
"America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe
"If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher September 20, 2022, 09:03 PM
sigmonkeyBet he'll be found high on spice, wearing a VR headset, selling "Likes" for 5 bucks on a street corner...
"the meaning of life, is to give life meaning" ✡ Ani Yehudi אני יהודי Le'olam lo shuv לעולם לא שוב! September 20, 2022, 09:04 PM
JR78I’d love to see that geeky little prick living in a garage searching Pornhub all day
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Men who carry guns for a living do not seek reward outside of the guild. The most cherished gift is a nod from his peers.
September 20, 2022, 09:21 PM
12131I'll celebrate when this scumbag loses 99.99% of his fortune.
Q
September 22, 2022, 01:50 AM
wingsparAw, poor boy.
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Gary
Will Fly for Food... and more Ammo
Mosquito Lubrication VideoIf Guns Cause Crime, Mine Are Defective.... Ted Nugent