Facebook’s Meta is Worst Performing Company in the S&P 500 for 2022 – Large Scale Layoffs This Week

FACTZ can confirm META is in deep trouble. We have reported on Zuck’s company issues since our inception, but now it’s the real deal. WSJ is reporting massive cuts this week.

We spoke with a senior management source at META who is highly concerned he will lose his job next week. Not only that that he states, “There are people who have been here for decades who have done nothing wrong. They are revenue drivers and are in the same boat as me. We all believe November will be our last month; when I say WE, that means thousands of us. What pisses me off the most is that it all has to do with Mark’s [Zuckerberg] spending.”

Facebook employees are not happy … seems like the turn to META is about to be a blood bath right before the holidays.

The original story below [November 4, 2022 – 6:00 PM PST]:

More bad news for Mark Zuckerberg.

Meta, once known as Facebook, is at the bottom of the S&P 500 for 2022.

It trails even Align Technology, Generac Holdings, SVB Financial, and Match Group, all companies significantly smaller in scope than Meta.

Meta shares are down a disturbing 73% over the past years, with investors worrying about Zuckerberg’s unfathomable obsessive investment in creating the Metaverse.

Story developing.


Comments are closed.