Home Metaverse Meta’s Metaverse Has Buyers’ Heads Spinning Before Earnings, Not in a Good Way

Meta’s Metaverse Has Buyers’ Heads Spinning Before Earnings, Not in a Good Way

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Meta’s Metaverse Has Buyers’ Heads Spinning Before Earnings, Not in a Good Way

Source: news.google.com

Earth to Zuckerberg: Abort.

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Recent announcements of corporate-oriented partnerships to lure big companies into their vision of the metaverse are a good thing for restless shareholders, but what they really want is for the company to pay attention to its fabric and stay away from the new and strange virtual worlds.

“There is a healthy degree of skepticism among Wall Street about the magnitude of the investments,” says Brent Thill, managing director at Jefferies, of Meta’s pricing focus on the metaverse. “Investors are dead set against this,” he adds, “because of the lack of a near-term recovery,” coupled with recession concerns and declining ad revenue.

It’s…

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