Investors Express , Frustration As Meta Stock , Continues To Plummet.<br />Business Insider reports that Meta investors are <br />unhappy with Mark Zuckerberg's plans for the <br />metaverse as the company's stock continues to plunge.<br />Since Facebook first announced its parent <br />company was changing its name to Meta, <br />the company has lost over 70% of its value.<br />Since Facebook first announced its parent <br />company was changing its name to Meta, <br />the company has lost over 70% of its value.<br />Last week, shares in Meta dropped 24% <br />after the company revealed it had<br />once again missed its earnings targets. .<br />At the same time, Zuckerberg said he plans to spend <br />billions more on the metaverse project after already <br />dumping $15 billion into it in 2022 alone.<br />At the same time, Zuckerberg said he plans to spend <br />billions more on the metaverse project after already <br />dumping $15 billion into it in 2022 alone.<br />If any other company had done this <br />you'd have activist investors writing <br />letters, proposing alternative slates <br />of directors, demanding change, Jim Tierney, chief funding officer for U.S. development at <br />Meta shareholder AllianceBernstein, via 'Financial Times'.<br />I think Mark heard crystal clear what <br />investors wanted. He's made his decision, Jim Tierney, chief funding officer for U.S. development at <br />Meta shareholder AllianceBernstein, via 'Financial Times'.<br />A spokesperson for Meta told 'Financial Times' that the company is , "focused on executing on the company's key priorities with <br />an eye toward creating long-term shareholder value.".<br />A spokesperson for Meta told 'Financial Times' that the company is , "focused on executing on the company's key priorities with <br />an eye toward creating long-term shareholder value.".<br />We value the opinions of our investors <br />and regularly engage with them to ensure <br />we're aware of their respective perspectives, Meta spokesperson, via 'Financial Times'.<br />Business Insider reports that Zuckerberg has <br />complete veto power over other shareholders when <br />it comes to the direction the company is headed. .<br />Business Insider reports that Zuckerberg has <br />complete veto power over other shareholders when <br />it comes to the direction the company is headed. .<br />This ironclad control has left investors, who have <br />limited voting power in the company, frustrated as <br />the social media giant's value continues to dwindle
