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Meta was the sixth biggest U.S. company by market capitalization at the start of the year, flirting with a $1 trillion market value. Fast forward 10 months and the stock will be worth about $258 billion, ranking it 26th. Its market value is now smaller than companies including Chevron Corp., Eli Lilly & Co. and Procter & Gamble Co.Once a Wall Street darling, Meta is gradually losing favor with brokerages.
The decline in the stock this year has attracted value investors, who buy beaten-down stocks in anticipation of a turnaround. But there’s no sign of those bets paying off any time soon.
There are no more VC funded companies pouring money into advertising to sell products, think casper. until those come back meta won't do so well.
Psychopath
The whole meta concept is probably 10-20 years from being meaningful, at least in terms of making money at least. This money pit will be the ruin of Facebook.