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Meta is in trouble after lack of faith in Mark Zuckerberg’s metaverse vision

A day after releasing its third-quarter earnings, Meta is in a tailspin. Uninspiring financial results and a blatant lack of confidence in Mark Zuckerberg’s metaverse vision put the firm once known as Facebook in danger on Thursday. Its shares fell by 25%. At the time of writing, Meta was trading at about $98, down from $130 on Wednesday. The situation is the same for other technological stocks. A difficult economic environment and a war that has increased global tensions have caused many business values to drop, but Meta’s dip — and the message it conveys about the company’s future — is genuinely astounding. Nearly a year after reaching an all-time high of about $380 in late last summer, the value of Meta’s shares has decreased by about a quarter.

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