The metaverse has served as a proverbial punching bag over the last few months as Mark Zuckerberg, the CEO of Meta Platforms (NASDAQ: META), has revealed more of his company's vision for the virtual world. 

It seems many commentators in the tech sector aren't impressed, casting doubts over whether spending time in virtual reality is truly what consumers want. Investors are also losing patience with Meta's multibillion-dollar expenditure on the project, which is denting the company's bottom-line financial results. 

Meta released its third-quarter earnings report on Oct. 26, and its stock swiftly declined by 22% the following day. It has now lost 73% of its value since hitting an all-time high of $378.69 in 2021, but here's why there's a long-term opportunity in the wreckage.

Continue reading

Source Fool.com