Spent $36B on Metaverse/Reality Labs since 2019 so I wouldn't say small :) $9B this year alone. It shows it isn't a sideproject but a shift in core focus an he mentions in past earnings calls also. Zuck should be investing in the Metaverse but not too this level IMHO as it could be a little too early. Next year if he scales it back Metaverse to a sideproject (still has this upside if market goes in this direction as groundwork is done) it would be a good entry point for me even as the price will pop 5-8% on this news but the moneypit downside will be limited. Love the article as people are way too negative towards Meta (I advertise on there and great) and I might be too greedy wanting a pivot also.
Hi Devin,
Great work, a pleasure to read. I like your position on growth as more than DAU growth but vertical integration from current users.
Kind regards,
Dani
Spent $36B on Metaverse/Reality Labs since 2019 so I wouldn't say small :) $9B this year alone. It shows it isn't a sideproject but a shift in core focus an he mentions in past earnings calls also. Zuck should be investing in the Metaverse but not too this level IMHO as it could be a little too early. Next year if he scales it back Metaverse to a sideproject (still has this upside if market goes in this direction as groundwork is done) it would be a good entry point for me even as the price will pop 5-8% on this news but the moneypit downside will be limited. Love the article as people are way too negative towards Meta (I advertise on there and great) and I might be too greedy wanting a pivot also.
Very good article thank you!