investment thesis

While the Metaverse opportunity is long term for Meta Platforms (NASDAQ: META), I came away from the Meta Connect 2022 event more positive about the direction Reality Labs is taking. I increasingly appreciate that the use cases for the products and solutions that Reality Labs adds value to the lives of consumers. Additionally, continued strong investments in Reality Labs will accelerate technology advancements that give the company an additional edge in Virtual Reality (“VR”), Mixed Reality (“MR”), Augmented Reality (“AR”) and Metaverse. space. Additionally, we could see an upside for Reels in the coming quarter as Meta has increased the ad load on Reels in recent months as it looks to increase the monetization opportunity for Reels.