Mark Zuckerberg and Facebook Take Tough Decisions


Facebook is starting to look like a shadow of its former self. 

The giant social-media company, now known as Meta Platforms  (META) , has been on a slide this year, with the shares down 58%. 

The market capitalization of the owner of Instagram and WhatsApp is now only $383 billion, the lowest level Mark Zuckerberg’s empire has reached since 2019. 

At that time Facebook was mired in the Cambridge Analytica scandal. The social network had allowed the consulting firm, which partnered with the Donald Trump campaign team ahead of the 2016 presidential election, to harvest private data from tens of millions of its users. The data in turn enabled it to profile voters.