Perhaps Zuckerberg’s biggest problem with shareholders is of his own making. He is pursuing his vision of the metaverse, a next-generation version of the internet that he believes will connect different worlds, from virtual and augmented reality to different types of game worlds and other experiences. That work is carried out in the company’s Reality Labs division, which is run by former Zuckerberg confidant and Meta CTO Andrew Bosworth, better known as Boz.

That wasn’t a problem when Zuckerberg was posting steady and reliable growth quarter after quarter. But given the high spending and difficult economic climate, analysts have raised concerns about the feasibility of Zuckerberg’s grandiose plans, concerns he has largely ignored.

“I…