Feb 3
3 min read
Meta Has Already Blown $10 Billion on its Metaverse Dreams
The company’s earnings report could be the start of a slow death
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…
