Www facebook2/19/2023 ![]() ![]() Zuckerberg and his executives blamed the results on several factors, including Apple's privacy changes in 2021 that have made it harder to target ads to smartphone users, as well as increasing competition from rivals like TikTok. In February, Meta lost more than $232 billion of its market value, marking the biggest one-day drop of any U.S. Instead, they rationalize missteps by placing that blame on others. Zuckerberg falls into not one but three of those categories, George says.įirst: George says Zuckerberg is a rationalizer, the type of boss who isn't willing to acknowledge or learn from their mistakes. George's book looks at five different types of bad bosses. Given his past success, it might be unwise to bet against him, as CNBC's Jim Cramer said on "Squawk Box" in February. In doing so, he helped create the modern-day social media industry - a move he's attempting to replicate now by repositioning his company into the metaverse space. The Meta CEO is largely responsible for his company's meteoric growth to this point, transforming the company he co-founded in 2004 into a tech giant with a $450.46 billion market cap, as of Monday morning. Zuckerberg and Meta did not immediately respond to CNBC Make It's request for comment. And after decades of researching high-profile corporate collapses, he says he sees striking similarities to Zuckerberg and Meta today. In short, George says bosses that lose sight of their most deeply held beliefs, values and purpose as a leader - especially in the name of money, fame or power - are doomed to fail. George has spent the past 20 years studying leadership failures in the workplace, recently compiling those findings into a new book called, "True North: Leading Authentically in Today's Workplace, Emerging Leader Edition." Variety is the spice of life, and whether you're into music and movies, cars and clothes, ultra-tech personal gear, or education and career opportunities, this is your number one online destination for learning everything you could want to know about the latest and greatest products, people and ideas found online anywhere today."I think Facebook is not going to do well as long as he's there," George tells CNBC Make It. "He's likely one of the reasons so many people are turning away from the company. If you're the type of person who wants to be the first in the know when it comes to the styles and trends that drive our world today, new.com is the cure for your curiosity by providing the insights and access to the latest and greatest things that appear everyday somewhere on this great planet. Learn all about today's coolest tech gadgets and gear as well as the latest developments in personal technology, the Internet, the cars you want to drive and our expanding universe of science technologies. When it comes to shopping, we always deliver the first word on the best products, and we also look in depth at the latest trends and ideas that make life more livable and enjoyable with a special emphasis on the hottest trends in the ever-changing field of technology. We look under the covers of personal lifestyle and travel too, including food and drink, fashion and beauty, entertainment and of course, shopping. You'll find something different and exciting every day here when we examine the latest important happenings in current events, society, sports, business, money, and health. Join us as we uncover and explore the hottest trends affecting the people, places and things that have the potential to transform our daily lives for the better. Dedicated to the people who need to stay on top of the latest info on the more interesting aspects of life in this modern world, new.com brings you the inside scoop on what everyone will be talking about tomorrow. ![]()
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