Facebook to Metaworse: Metaverse may not be Zuckerberg’s salvation if privacy violation is built into its business model

Over the past week Meta Platforms, which owns and operates Facebook, Instagram and WhatsApp, has taken a big market hit. Its shares dropped 25%, wiping off at least $240 billion off its market capitalisation. As of Monday, this trend continued with another dip of 4.7%, a cumulative stock price fall of 30% since its earnings report for the fourth quarter of 2021.

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