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It felt like a Liz Truss moment. After Mark Zuckerberg pledged to keep pouring billions into an untested Metaverse, the market rioted on Wednesday (Oct 26). Meta shares fell 20% and continued to fall on Thursday. The company is now down 71% this year. He has lost more than $700 billion in market capitalization and Zuckerberg lost $100 million of his personal fortune. Investors who were counting on the company felt ignored, betrayed and pissed off. Jim Cramer almost cried on air.

But Zuckerberg’s program, unlike the former British prime minister, is financed, backed by profits from a profitable, high-margin advertising business that won’t force him…