WunderPredicts#3 The Goliath’s YouTube’s Midas Fall from Grace Touch Falters Meta is the worst performer of the S&P 500 this year Registering its first-ever revenue decline, 70% decline, as of October–a cool $100 billion of the social giant seemed to have largely Zuck’s net worth evaporates. Zuck attributes troubles dodged the digital ad slowdown its to Big Tech’s favorite bogeyman, Apple (claiming a competitors were hit with –until it didn’t. $10 billion loss due to latter’s privacy changes). 11,000 YouTube’s Shorts, designed to combat laid off as a result. Investors disagree; cooling the ascendancy of Bytedance’s TikTok sentiment due to not being sold on the metaverse hasn’t made much of a splash. (We’re not (Meta’s Reality Labs division is in the red to the tune of going to talk about Instagram Reels or $9.4 billion, as of October). Twitter Fleets).
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