Here's How Metaverse Shenanigans Pushed Meta Higher on Monday
Shares of Meta Platforms (NASDAQ: FB) climbed higher on Monday, adding as much as 2.3% in early trading, though the stock ended the session up by just 1.5%.
The buzz regarding the company's foray into the metaverse has been palpable in recent weeks, and while it's still largely conceptual, the social media giant has gone all-in on this coming digital world. Now, investors are beginning to get some hints about its potential.
The company formerly known as Facebook has been investing heavily in virtual reality (VR), one of the foundational technologies of the metaverse. Investors have been largely kept in the dark about sales figures for Meta's Oculus VR headsets -- but the cat may be out of the bag.
Source Fool.com
