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- The Trillion Dollar Comeback: Mark Zuckerberg's Remarkable Turnaround in Tech History
The Trillion Dollar Comeback: Mark Zuckerberg's Remarkable Turnaround in Tech History
Discover how Mark Zuckerberg orchestrated a stunning comeback for Facebook's parent company, Meta, despite facing challenges like layoffs and market share decline. Learn about the strategic decisions that led to this trillion-dollar success story in tech history.
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Video Transcript
Facebook's parent company meta 133% of
the workforce meta announced that it's
cutting more than 11,000 jobs about 13%
of total staff that I take full
responsibility for this decision 2022
was a bad year for meta once the king of
social media they appeared to be losing
market share to Tik Tok and Reporting
their first ever decline in Revenue they
laid off 133% of meta's Workforce more
than 11,000 people and then he put a
hiring freeze in place that would last
for months Facebook is dead that's a
thing so you get some Facebook is dead
that's what most YouTubers thought Zuck
has been through political controversies
government lawsuits and watched as meta
lost $700 billion in market cap in a
matter of months on top of that
investors were not impressed by the
company's pivot to the metaverse and
virtual reality headsets meta's VR
division was losing billions every
quarter with all these Challen is
mounting meta's stock was down by more
than
75% and the Facebook parent company
losing nearly 70% of its value this year
alone an insane drop for a company worth
over $1 trillion and considered one of
the best tech companies in the world in
fact mea was the single worst performing
stock in the entire S&P
500 2 years later the situation is
completely different meta's share price
has skyrocketed climbing over 500% from
its lowest point the company now boasts
a market capitalization of nearly $1.5
trillion Zuckerberg's net worth has
exploded to over $200 billion making him
the second richest person in the world
and the company was once again worth
nearly a trillion
dollars this is the comeback story of
meta
14 years after it launched Facebook is
arguably one of the most powerful
companies in the world 1.4 billion
people use it every day more than the
population of any country on earth
