Two days after the disappointing earnings release, it marks the anniversary of Mark’s bold move to change Facebook’s name to Meta (NASDAQ: META). However, the earnings results reflected that the Metaverse is still in the early stages of its silver linings. The Reality Labs segment is no different from a cash-burning startup, except that it’s backed by Meta’s excellent balance sheet.

It is my conviction that Meta needs to downsize or even abandon its Metaverse business (Reality Labs). Amazon would be a great example. Amazon (AMZN) moved in and out of numerous companies in less than five years. Meta’s core business remains strong and profitable. To restore his leadership status, the move is necessary.

A Quick Earnings Review

Meta delivered disappointing…