Under the shaky hands of Mark Zuckerberg, Meta is headed for a disaster of epic financial proportions.

The tech giant’s value has plunged a staggering $700 billion (24%) to its lowest level in four years after an earnings report that one Wall Street analyst called a “train wreck.”

It’s a massive switch from last year when Zuckerberg announced Facebook was changing its name to Meta Platforms to focus on the upcoming Metaverse.

When Zuckerberg made the announcement, things still looked good – with Facebook’s value reaching a peak of over $1 trillion in September 2021.

But then the Metaverse took its toll on Zuckerberg and Meta.

It’s a confusing concept, costing billions to create, and so far looks like nothing impressive – but Meta is all in on Zuckerberg’s pet project. But slow Facebook growth, advertising challenges, and a dip in stock value leave investors wondering what the future could look like for Meta and its companies.

Wedbush analyst Dan Ives said in a report, “Meta’s results last night was an absolute train wreck that speaks to pervasive digital advertising doldrums ahead for Zuckerberg & Co. as they make the risky and head-scratching bet on the metaverse.”