This item is from great techa newsletter by Alex Kantrowitz.

It felt like a Liz Truss moment. After Mark Zuckerberg vowed to keep pouring billions into an untested metaverse, the market rioted on Wednesday. Meta shares fell 20 percent and continued to fall Thursday. The company is now down 71 percent this year. He has lost more than $700 billion in market capitalization and Zuckerberg lost $100 million of his personal fortune. Investors who were counting on the company felt ignored, betrayed and pissed off. Jim Cramer I almost cried in the air.