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27-10-2022, 01:13 PM
Meta shares plummet alongside billion-dollar losses in metaverse division
https://www.theguardian.com/technology/2...ook-stocks
Report: Meta’s Horizon Worlds only has 200k active users
https://musically.com/2022/10/17/metas-h...ive-users/
I have written extensively on Meta (https://www.valuebuddies.com/thread-1649...#pid164054), and I don't want to beat the dead horse. But I repeat: Mark Zuckerberg does not understand the Metaverse, or what users want. And there is no one in Meta that can stop him, not anyone on the board, because of his >50% voting rights.
I am not sure if Meta is a good short here, because I do not know the extend and time frame of it's downfall. But his Metaverse side-project is doomed to a spectacular failure.
(ex-investor)
https://www.theguardian.com/technology/2...ook-stocks
Report: Meta’s Horizon Worlds only has 200k active users
https://musically.com/2022/10/17/metas-h...ive-users/
I have written extensively on Meta (https://www.valuebuddies.com/thread-1649...#pid164054), and I don't want to beat the dead horse. But I repeat: Mark Zuckerberg does not understand the Metaverse, or what users want. And there is no one in Meta that can stop him, not anyone on the board, because of his >50% voting rights.
I am not sure if Meta is a good short here, because I do not know the extend and time frame of it's downfall. But his Metaverse side-project is doomed to a spectacular failure.
(ex-investor)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger