“Death spiral” .. the end of “Facebook” or in Zuckerberg’s hat another rabbit? The company’s president sees the future in the “Metaverse” area

Meta (formerly Facebook) has lost about two-thirds of its market value since stocks peaked in September 2021, and the stock is currently trading at its lowest level since January 2019, ending the third consecutive quarter of losses. And the stock is among the four worst performers on the Standard & Poor’s Index.

A year ago, before the name change, the company had a market capitalization of around $1 trillion, which put it in a high position with a handful of tech giants in the United States; Its work was based on the effects of social networks where each user brought his friends and family members,