Introduction

Metaplatforms (NASDAQ: META), formerly known as Facebook, is in a make-or-break situation. The company is hell-bent on creating its own metaverse ecosystem consisting of hardware and software to find new growth modes as its the old social media businesses are slowing down. Competitions from companies like TikTok and younger generations turning away from platforms like Facebook have challenged Meta Platforms, fueled further by Apple (AAPL) new privacy policy that limits app tracking. As such, it is critical that Meta Platforms succeed in finding new modes of growth in the metaverse.

However, I think once thought to be a promising new opportunity for Meta it may disappoint. After years of investments and almost 2 years of Oculus Quest 2…