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2022 Has Not Been Good For Metaverse Enthusiast Mark Zuckerberg By CoinEdition

© Reuters 2022 Has Not Been Good For Metaverse Enthusiast Mark Zuckerberg
  • 2022 has been a horrible year for Mark Zuckerberg.
  • He lost nearly $71 billion this year and dropped from fourth to twentieth richest person.
  • Zuckerberg got a lot of criticism for his Metaverse avatar.

Mark Zuckerberg, the leading pioneer of the Metaverse and the creator of Facebook (NASDAQ:) (now called Meta), is having another difficult year in 2022. As a result of the further decline in the value of the stock market in 2022, his personal fortune, like that of many other technological billionaires throughout the globe, decreased by around $71 billion.

After reaching a peak of the third spot in 2021, Zuckerberg’s net worth has since decreased to its current level of $54.6 billion, placing him as the world’s 20th wealthiest person.

To a large extent, Mark Zuckerberg’s wealth is dependent on how well Meta does. And the current year has not been a good one for the business. For one reason, investors are wary about Meta’s decision to shift its attention to the interactive virtual metaverse as the company’s primary emphasis.

Meanwhile, just recently, Mark Zuckerberg received a lot of criticism on the internet for a photo of his metaverse avatar that seemed to have a low production value in comparison to the overall expense of the project. Zuckerberg subsequently said that the image was only an early concept.

Earlier in July, Zuckerberg had said:

I feel even more strongly now that developing these platforms will unlock hundreds of billions of dollars if not trillions over time.

He went on to say that Meta would be happy to play a part in constructing the metaverse because of its growing importance in all aspects of people’s lives, from social media and entertainment to jobs, schooling, and commerce.

The post 2022 Has Not Been Good For Metaverse Enthusiast Mark Zuckerberg appeared first on Coin Edition.

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