Mark Zuckerberg's Metaverse Vision Is Costing Shareholders Dearly. Can the Stock Survive?
Mark Zuckerberg, the founder of Facebook and CEO of Meta Platforms (NASDAQ: FB), has clearly expressed his vision to pivot his company into the metaverse. While no one knows how successful this endeavor will be, the way he has directed his company's spending makes it clear Meta Platforms is going all in.
This decision has had dire consequences, as the stock has plummeted nearly 50% from its all-time high. However, Meta Platforms still has a thriving advertisement business on its key platforms, like Facebook and Instagram. Is the stock doomed? Or is the market undervaluing its core business?
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Source Fool.com