Zuck’s wealth increased by $78B in 2023!
Zuck went from losing to winning in 1 year.
Meta is so back!
Mark Zuckerberg’s Meta, once a sad stock and avatar of market value destruction, has now become Wall Street’s most remarkable comeback story.
Just a year ago, people were blaming, scolding, mocking and questioning Zuck for everything wrong with Meta.
In just a year, the company that suffered the biggest market wipeout in history is now reveling in a record-breaking surge, adding a whopping $197 billion to its market capitalization in a single session.
I didn’t think this was possible.
And now that it happened, I still don’t quite understand how it happens.
How did Zuckerberg steer Meta from the brink of disaster to a historic triumph?
Rewind to a couple of years ago, and the picture was bleak. Meta, grappling with a massive $250 billion loss in market value, was under fire for its costly bet on the metaverse.
Critics were crushing him during the sales calls.