The Worst Tech Bosses Of 2022!
The Worst Tech Bosses Of 2022!
2022 has not been a very bright year for tech companies. The CEOs of many famous companies came to the fore with their unsuccessful moves this year. At the head of these names were Zuckerberg, the richest businessman in the world, Elon Musk, the owner of Meta, and Sam Bankman-Fried, who signed one of the biggest financial frauds in American history.
The British newspaper The Guardian evaluated the 2022 performance of the bosses of technology companies.
The names on the list are:
Things are not going well for Mark Zuckerberg, who was once known as a child prodigy.
Zuckerberg’s blind faith in the metaverse world has slashed its share prices by nearly 60 percent in 14 months, bringing the company’s current market value to $400 billion.
The market value of this drop in share prices was calculated at approximately $600 billion. Also, Zuckerberg’s personal wealth has decreased by $76 billion since January, and his Metaverse project has put him among the 20 richest people in the world.
Mark Zuckerberg signed the largest layoff in company history in 2022.
11,000 employees were laid off by Zuckerberg
Meta CEO explained this situation with these words:
“Unfortunately, it didn’t work out as I expected. Not only has online commerce reverted to previous trends, but the macroeconomic downturn, increased competition and loss of advertising signal have also caused our revenue to be much lower than I expected. I misunderstood this and I take responsibility for it.”
The former CEO of Amazon also found a place on the list. Jeff Bezos has been criticized for quitting multiple jobs at Amazon in 2022 and is trying to improve his image by making large donations.
In addition, Amazon’s announcement that Alexa.com, the service that analyzes internet traffic and lists the world’s most popular websites, will be shut down on May 1, 2022, showed its name among the company’s failures this year.
Elon Musk, the richest person in the world, disappointed many people in 2022.
He made an offer of $54.2 per share for the entirety of Twitter. In the statement made on Twitter, it was reported that an agreement was reached to sell the company to Musk.
But later, Musk announced that the deal to buy the social media giant for about $44 billion was temporarily suspended.
Twitter, on the other hand, sued Musk for terminating the deal. Musk, who had to buy Twitter after the legal struggle, signed a tragicomic situation.
Musk has been criticized many times by journalists for his decisions while on Twitter.
His moves, such as mass layoffs, strict rules for office workers, closing the accounts of journalists, and re-activating the account of former US President Donald Trump, garnered great reactions.
In addition, Elon Musk asked users in his survey about the idea of resigning as Twitter CEO. Most of the users answered “Yes” to this survey.
Elon Musk was the name on the list in Parag Agrawal, who was the CEO before he bought Twitter.
Agrawal, whose board of directors was unanimously elected, was fired after Musk bought Twitter. According to journalists, the biggest criticism leveled at the Indian executive is that he sold the company to Elon Musk.
Elizabeth Holmes, the founder of Theranos, who was once shown as the future Steve Jobs, was tried in the USA for 11 crimes.
Holmes, who became the star of Silicon Valley after founding Theranos company, created a device that can perform medical tests with a drop of blood.
Holmes had collected money from many investors after the founding of the company.
However, as a result of the investigations, it was revealed that he defrauded his own employees and many supporters of the company.
Elizabeth Holmes was found guilty of “fraud and conspiracy” and sentenced to 11 years and 3 months in prison.