$META Down BIG, Here's Why!! | Mark Zuckerberg's Metaverse Plans

META stock is in Free Fall!! But Why? Meta dropped over 20% today after reporting a decline in revenue, missing analysts expectations. The Social Media giant led by Mark Zuckerberg is investing more and more into their Metaverse, which has drawn criticism from investors. Reality Labs, their division that oversees their Metaverse, reported a loss of $3.7 billion last quarter. Mark Zuckerberg has made it clear that their Metaverse is a long term play, however reports are that Horizon Worlds, Meta’s Metaverse, has been met with mixed reactions so far, especially compared to other 3D immersive like Roblox. It seems like Zuckerberg possibly saw the growing competition in the social media space and has stepped away from the core business that’s historically made money and is worth a $300 billion market cap, to pour money into his vision for the future and The Metaverse. Do you think it will pay off?

Now here’s the deal. You watched that movie The Facebook? We all saw that Zuckerberg almost defeated Superman AND Batman.. So why would you bet against him? The Metaverse and Smart Contracts have all the makings of being THE Future. Just like the internet, just like email, things take time to stick. Mark Zuckerberg helped revolutionize Social Media with Facebook. It seems like he plans on doing the same with The Metaverse. But his Metaverse isn’t the only one. There’s NetVRk, The Sandbox, Victoria VR, Decentraland, and so many more. Just like Facebook beat out Myspace and AIM, do you think that META’s Metaverse will beat out the rest in the future? With the amount of money he is pouring into it, his investors sure hope so. He seems perfectly fine losing money now, to make money off of The Metaverse in the future. Do you think he’s making the right choice?