(NASDAQ: GOAL) unsuccessful pivots to other complementary projects in the past. in my last Article about the company, I have already highlighted the ongoing shareholder revolt that was caused by management’s decision to accelerate spending of available cash at Reality Labs, which is on track to generate more than $10 billion in losses this year. This article aims to make a detailed case for why there is every reason to believe that Meta’s metaverse project is doomed and how much shareholder value is being destroyed by the metaverse pivot.

Why Metaverse?

A few months ago, the Wall Street Journal reported…