Bulls on Meta Stock Have One Big Problem: Mark Zuckerberg

Mark Zuckerberg built Meta Platforms Inc. into one of the biggest companies in the world, but some investors now see him as an obstacle to the stock recovering from a historic selloff.

The Facebook parent has tumbled 72% this year, with last week’s earnings pushing the shares to a multi-year low. The biggest weight on the stock: Meta is spending billions of dollars to develop the metaverse, an immersive virtual world that the chief executive officer has long believed represents the future of computing.