The metaverse is a virtual space where real or imaginary moments are recreated where people can interact and enjoy new experiences in these surreal environments through avatars; this project provides excellent opportunities for development, popularity, and growth for brands.
At present, this project has experienced incalculable disadvantageous and lost changes that have caused the shares of Mark Zuckerberg’s companies to drop to more than half of their values, from September 2021 to the present it continues to decline, due to which it no longer They are the most capitalized companies in the world.
Target market bear trends
In February, the closing of the stock market left each share of the meta at 206.16 dollars; this represents a fall of 0.75%. Sputnik has spoken and says that this downward trend will continue for months.
During this month, there was a drop in the value of these shares, which has been the lowest in the market in a US public company, where the stakes were devalued by 85.24 dollars of their value, 26%, this being the most significant drop.
These falls had a very significant impact on the Meta, losing a total of 200,000 million dollars of its capitalization, and for Mark Zuckerberg, who is the owner and CEO, 29 million dollars.
Today, the company’s capitalization is 565,000 million, placing it in 11th place among the most impressive companies globally.
Causes of losses
Meta Platforms began to slide and lose value, having released a devastating Q4 2021 earnings report, the first being when the company took on a new name, focusing on developing a metaverse. Then this strong company reported that its revenue growth would decrease between 3 and 11% during January and March 2022, which has been the most catastrophic disaster in the company’s history, losing 46 million dollars in what has been elapsed year.
Another imminent cause is because the population that lives in this medium, mainly the youngest users, have migrated to other networks such as TikTok and YouTube, and as if that were not enough, advertisers are also minimizing expenses related to advertising.
Competitive social networks are causing a negative impact on development, especially with younger users, who are attracted by the innovations of these networks.
Hence the need to change to Meta and promote the development of the virtual world that will attract all types of audiences, fostering economic growth and positioning itself in the top places of the most capitalized companies in the world.
In an environment where society is very demanding and constantly demands private and responsible services, they can cause brands with a poor track record to be easily eliminated by those that have managed to meet the current moral codes imposed by consumers to contract their products and services.
Impact of Meta falls on cryptocurrencies
Meta Facebook supports and uses cryptocurrencies in its environment, such as bitcoin, which was affected in its values with the millionaire losses.
Cryptocurrencies have been in a downward trend at the beginning of 2021 due to different causes such as conflicts in Europe, profit cuts by the United States Federal Reserve, and the fall of the Zuckerberg company.
Many investors suffered significant losses since they were confident that their investments in bitcoin and other cryptocurrencies would be very fruitful this year, but the scenarios have been different. However, many experts assure that bitcoin will soon reach its highest value history and that we may know how Bitcoin can end income inequality.
This loss suffered by the Meta platform caused an impact not only on its capitalizations and markets but also extended to other areas, indirectly affecting the crypto market.
The development of the metaverse is strongly related to blockchain technology, which represents cryptocurrencies.
This project will be the one that will promote the growth and development of both technological and cryptographic aspects, giving way to a new world full of opportunities of general inclusion for all audiences without any limitations.
Winning with the metaverse will be the best option in the future; in this virtual world, we will be able to carry out daily tasks, businesses, investments, games, and much more, and at the same time earn by interacting in it, it will be the easiest way to earn money, even make a fortune with it, this year will be one of progress not only for its creators but also for those of us who believe in changes and innovative projects.