Technology

Zuckerberg has burned $500 Billion turning Facebook into Meta

By Stephen Bolen,

Published on Feb 19, 2022   —   1 min read

Photo by Pawel Czerwinski / Unsplash

Summary

You love to see it.

Hell yeah. NYMag reports:

There has never been a self-immolation quite like Meta Platforms, the parent company of Facebook. Mark Zuckerberg’s social-media company has lost more than half a trillion dollars in market value since its August peak — about half of that vaporized in a single day, the biggest drop ever — as it starts to weaken from the constant siege of competitors and dissenters without and within.

You do, in fact, love to see it.

I'm not going to tell anyone how to live their lives – especially online. But the fall of Facebook as a disinformation platform hell-bent on engagement at any costs has been a sheer pleasure to watch. I've lost friends that I've known for decades due to their toxic idiocracy in the lead-up to the 2016 election. I've seen family drift into conspiracy theories hook, line, and sinker, then double – and triple! – down on being confidentially incorrect.

It's a toxic platform, and I'm enjoying the comeuppance.

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