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Source: news.google.com
Ahead of its third-quarter earnings, Meta’s metaverse isn’t reassuring investors.
Earth to Zuckerberg: Abort.
Metaplatforms
full board
“There is a healthy degree of skepticism among Wall Street about the magnitude of the investments,” says Brent Thill, managing director at Jefferies, of Meta’s pricing focus on the metaverse. “Investors are dead set against this,” he adds, “because of the lack of a near-term recovery,” coupled with recession concerns and declining ad revenue.
It’s…
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