Meta (NASDAQ:META) 

Shares in Facebook, Instagram & WhatsApp owner dive as investors lose faith in company. 

After years of unprecedented revenue and profit, propelled by consumer growth, Meta's ad business is beginning to slow, thanks to increased competition from TikTok, YouTube, Apple's new privacy policy and overall economic uncertainty and the looming global recession.

Mark Zuckerberg’s fortune plunged by $11 billion after Facebook-parent Meta reported a second-straight quarter of disappointing earnings. That means Zuckerberg has in his personal capacity lost more than $100 billion in just 13 months, the most any billionaire has lost in recent times, according to Bloomberg.

Meta, once a trillion dollar company, shed $676 billion in a day! I couldn't help but be concerned about people's savings, pensions and retirement whose value was destroyed overnight.

The old saying that the chickens have come home to roost comes to mind. With many overpriced stocks now coming down as the laws of demand and supply prevail over potential investor excitement fuelled by their proven history of outperforming the markets.

One then begins to wonder what is going on in the Meta-verse war room, as one ad revenue avenue which still hasn't been explored is WhatsApp. How long before WhatsApp ads are rolled out, is the question on many investor's minds as they salvage their losses.    

A more worrisome thought on my mind is knowing that it is only a matter of time before the effects of this dive come ashore to bite us - how? We're all yet to find out... soon enough.