Mark Zuckerberg Says AI Is First Priority, but Metaverse Still Long-Term Goal -- Is Meta Stock a Buy?
Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg's "year of efficiency" is paying off in style for patient shareholders. Shares are still over 20% below all-time highs from 2021 but are narrowing the gap as Meta stock has rallied an incredible nearly 170% so far in 2023.
Like any good tech CEO does these days, Zuckerberg had a lot to say about AI during the last earnings call. But one area continues to confound many investors: the metaverse, embodied in the Reality Labs (RL) segment, which keeps reporting billions in operating losses.
Meta isn't backing off of its long-term goal. Should this be a cause for concern, or is Meta still a solid investment?
Source Fool.com