Meta CEO Mark Zuckerberg made a public comment on Wednesday following massive criticism over Meta’s stock price and its push into the Metaverse.

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The Facebook founder and now CEO of Meta spoke on a call with analysts about Meta missing its financial goals as outlined in its third-quarter earnings report, causing its stock price to drop a staggering 20%, its lowest level since 2016. Zuckerberg said: “We’ve been through a couple of these cycles before, and I’m pretty sure this is heading in a good direction.“

The Facebook founder added that the company suffers from “a volatile macroeconomy, increased competition, loss of advertising signals, and rising costs of our long-term investments“Despite the apparent struggle, Zuckerberg believes the…