2 Reasons Unity Software's Virtual World Is Facing a Stark Reality
Unity Software (NYSE: U) was one of those companies that investors pushed to new heights on the back of the metaverse hype created by Facebook when it announced its name change to Meta Platforms (NASDAQ: META) at the end of October 2021. However, it wasn't long before Unity began facing the brutal nature of reality, and the stock plunged over 80% from its highs. As a result, some investors might now wonder whether Unity can bounce back from its recent market misfortunes.
Here are two reasons Unity's stock could face a tough uphill climb.
Image source: Getty Images.
Source Fool.com