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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…

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Stephen Moore

Stephen Moore

Currently: editor @ Entrepreneur’s Handbook | Previously: editor @ Medium | Keeping Business and Tech alive on Medium | Contact: stephen@sjmblog.com

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