OneZero
Published in

OneZero

Meta Has Already Blown $10 Billion on its Metaverse Dreams

The company’s earnings report could be the start of a slow death

Photo: GettyImages

In the 11 minutes that passed after the markets closed on Feb 2, the value of Facebook’s parent company, Meta, had plunged over 20%. If the decline holds for the opening of trading on Feb 3, the company stands to lose $200 billion in value overnight. (Update…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Stephen Moore

Stephen Moore

Dunking on the Metaverse, NFTs and more. Currently: editor @Entrepreneur’s Handbook | Previously: editor @Medium | Contact: stephen@sjmblog.com