Meta’s rebrand comes at a time of increasing scrutiny from lawmakers and regulators over allegations of anticompetitive conduct and over the impacts of how it handles harmful or misleading content across its Facebook and Instagram platforms. “Investing in Meta now looks more like a commitment that you believe that the metaverse will replace much of the Internet consumers’ experience today.” ![]() “Investors looking at Meta are starting to realise that buying its stock is no longer mostly an investment into its ad platform,” said Mr Flynn Zaiger, CEO of social media agency Online Optimism. The company said on Wednesday it would change its stock ticker to “Meta” this year, the latest step in its rebrand to focus on the metaverse, a futuristic idea of virtual environments where users can work, socialise and play.įacebook, which changed its name in October to reflect its metaverse aims, is betting that the metaverse will be the successor to the mobile Internet. The company has not made public the sales numbers for its virtual reality Quest headsets. Reality Labs posted revenue of about US$2.3 billion in 2021. Mr Zuckerberg had previously warned that the company’s investment in this area would reduce 2021 operating profit by US$10 billion and would not be profitable “any time in the near future”. The net loss from Meta’s Reality Labs, the company’s augmented and virtual reality business, was US$10.2 billion for the full year of 2021, compared with a US$6.6 billion loss the previous year. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes - just in case they're. Stocks have risen the last four days as the markets try to rebound from a bruising January pressured by worries over shifting US Federal Reserve policy and uncertainty over the crisis in Ukraine.īut the sharp fall in Meta and some other tech names "is raising doubts about the sustainability of the broader rebound effort," said analyst Patrick O'Hare. Other tech giants such as Apple and Google parent Alphabet have rallied after results - though they both recently posted excellent numbers that calmed jittery markets. However, Thursday's dramatic sell-off is the latest to confront a Big Tech firm after a similar liquidation of Netflix shares last month, though the streaming giant has somewhat rebounded since. A total of 39 of LinkedIn users pay for LinkedIn Premium, which has four price tiers: Career: 39. ![]() The internal documents leaked by ex-worker Frances Haugen highlighted accusations that executives prioritised growth over keeping their billions of users safe. Linkedin’s current annual revenue stands at 8.05bn. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. ![]() One way out of Meta's troubles would be to acquire the next big thing in social media, as it has done previously.īut the company is under considerable scrutiny from US regulators after the damning allegations that emerged from its whistleblower crisis last year.
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