$71 Billion Loss

Mark Zuckerberg has "lost" $71 billion dollars of net worth this year. I understand that this value is figurative but that drop is incredible. This is not a situation where META was insider trading or facing any lawsuits outside of the normal magnitude for a Fortune 500 firm, this is a straight free-fall based on changing user habits seemingly overnight. In 2015, 70% of teens used Facebook (META). Now? Less than 33%. Aging userbase with more competition for young adults means you need to adapt, and META is not exactly killing it with Instagram either (they acquired Instagram and turned it into Facebook with pictures...). Again, teens and young adults spend WAY too much time on 

I love the Social Network. I am fascinated by the change that Facebook brought the world, good and bad. Yet maybe you have to wonder if he got lucky. Right idea, right time, right resources, right connections. This is not downplaying his impact, nor his intelligence. Just goes to show how much has to go right to grow a business that big and successful, and how fast it can come down.

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