{"id":497484,"date":"2022-09-30T19:57:00","date_gmt":"2022-09-30T16:57:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-wall-street-has-soured-on-mark-zuckerberg-facebook\/"},"modified":"2022-09-30T19:57:00","modified_gmt":"2022-09-30T16:57:00","slug":"why-wall-street-has-soured-on-mark-zuckerberg-facebook","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-wall-street-has-soured-on-mark-zuckerberg-facebook\/","title":{"rendered":"#Why Wall Street has soured on Mark Zuckerberg, Facebook"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a38795474865\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a38795474865\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-wall-street-has-soured-on-mark-zuckerberg-facebook\/#%E2%80%9CWhy_Wall_Street_has_soured_on_Mark_Zuckerberg_Facebook%E2%80%9D\" >&#8220;Why Wall Street has soured on Mark Zuckerberg, Facebook&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhy_Wall_Street_has_soured_on_Mark_Zuckerberg_Facebook%E2%80%9D\"><\/span>&#8220;Why Wall Street has soured on Mark Zuckerberg, Facebook&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Wall Street analysts are bearish on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\u2019s parent company Meta as the social network continues to hemorrhage users migrating to upstart rival TikTok.<\/p>\n<p>\u201cI\u2019m not sure there\u2019s a core business that works anymore at Facebook,\u201d Needham analyst Laura Martin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/09\/30\/facebook-scrambles-to-escape-death-spiral-as-users-flee-sales-drop.html\">told CNBC on Friday.<\/a><\/p>\n<p>While Facebook maintains a dominant position in the mobile advertising market, serious questions have been raised as to whether it can continue to grow \u2014 particularly in the face of fierce competition from ByteDance\u2019s TikTok.<\/p>\n<p>\u201cI don\u2019t see it spiraling in terms of cash flows in the next few years, but I\u2019m just worried that they\u2019re not winning the next generation,\u201d Jeremy Bondy, the CEO of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> marketing firm Liftoff, told CNBC.<\/p>\n<p>CEO Mark Zuckerberg on Thursday told his employees that Meta has instituted a hiring freeze due to fierce economic headwinds that have rattled the entire <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> sector.<\/p>\n<p>\u201cI had hoped the economy would have more clearly stabilized by now, but from what we\u2019re seeing it doesn\u2019t yet seem like it has, so we want to plan somewhat conservatively,\u201d Zuckerberg was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-29\/meta-announces-hiring-freeze-warns-employees-of-restructuring?sref=MTy2GeXk\">quoted by Bloomberg News<\/a> as telling his charges.<\/p>\n<p>The CEO noted that during the first 18 years of Facebook\u2019s existence, the company saw rapid growth. But sales and revenue figures from recent quarters have flatlined, according to Zuckerberg.<\/p>\n<p>At its peak, Meta\u2019s stock price approached $380 per share. But in the last year, the company share price has shed some 60% of its value.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/facebook-meta-82.jpg?w=1024\" alt=\"Meta's stock price has dipped some 60% since last year.\" class=\"wp-image-24074119\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/facebook-meta-82.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/facebook-meta-82.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/facebook-meta-82.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Meta\u2019s stock price has dipped some 60% since last year.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Meta stock was trading up more than 3% as of 11:30 a.m. Friday.<\/p>\n<p>CNBC quoted analysts as wondering whether Meta\u2019s stock is in a \u201cdeath spiral.\u201d<\/p>\n<p>Martin told CNBC that Zuckerberg is taking a risky bet by de-emphasizing Facebook\u2019s bread-and-butter moneymaker, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> feed, in favor of Reels.<\/p>\n<p>\u201cHe wouldn\u2019t be hurting its revenue at the same time he needs more money, unless he felt like the core business wasn\u2019t strong enough to stand alone,\u201d Martin said. <\/p>\n<p>\u201cHe must feel he has to try to move his viewership to Reels to compete with TikTok.\u201d<\/p>\n<p>Facebook has nearly 3 billion active users, compared with about 1 billion for the surging TikTok.<\/p>\n<p>Analysts told CNBC that Zuckerberg is struggling to rehabilitate his company\u2019s reputation, which has taken a hit in recent years due to the Cambridge Analytica scandal as well as a whistleblower\u2019s claims that it ignored its own engineers\u2019 warnings that its products were doing harm to young children.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Meta-Mark-Zuckerberg-18.jpg?w=1024\" alt=\"Zuckerberg this week announced a hiring freeze at Meta.\" class=\"wp-image-24074118\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Meta-Mark-Zuckerberg-18.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Meta-Mark-Zuckerberg-18.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Meta-Mark-Zuckerberg-18.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Zuckerberg this week announced a hiring freeze at Meta.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Zuckerberg is not \u201ccoming across as a leader who is serious about changing his culture and about changing himself and about kind of creating a company that will be able to step into the future that he\u2019s envisioning,\u201d according to Denise Lee Yohn, a branding expert and author.<\/p>\n<p>\u201cI think the company still suffers from a lot of criticism and skepticism about whether they are a force for good or evil,\u201d\u00a0she said.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/09\/30\/why-wall-street-has-soured-on-mark-zuckerberg-facebook\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Why Wall Street has soured on Mark Zuckerberg, Facebook&#8221; Wall Street analysts are bearish on Facebook\u2019s parent company Meta as the social network continues to hemorrhage users migrating to upstart rival TikTok. \u201cI\u2019m not sure there\u2019s a core business that works anymore at Facebook,\u201d Needham analyst Laura Martin told CNBC on Friday. While Facebook maintains&#8230;<\/p>\n","protected":false},"author":1,"featured_media":497485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Mark-Zuckerberg_17.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122306,133762,4974,72388,70360],"class_list":["post-497484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meta","tag-9-30-22","tag-facebook","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=497484"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/497485"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=497484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=497484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=497484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}