Published 1 year ago

Investors punish Zuckerberg as costly metaverse pitch falls flat

Summary by Ground News

Facebook's parent company is under growing pressure to focus less on the metaverse. Investors warn it is an experimental bet causing "supersized and terrifying losses." Mark Zuckerberg says it would be a mistake to abandon the Metaverse efforts, because they are going to be important for the future of the business.

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Times of India

Investors punish Zuckerberg as costly metaverse pitch falls flat

He spoke about the company's various efforts, including a recently unveiled virtual and mixed reality headset called Quest Pro that is priced at $1,500 and a social metaverse platform where people can express themselves via avatars.

1 year ago·India

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The Hindu

Investors punish Zuckerberg as costly metaverse pitch falls flat

One Meta shareholder had recently voiced concerns, calling the company's investments "super-sized and terrifying"

1 year ago·India

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Reuters

Investors punish Zuckerberg as costly metaverse pitch falls flat

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter.

1 year ago·United Kingdom

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NDTV

Investors Punish Mark Zuckerberg As Costly Metaverse Pitch Falls Flat

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project.

1 year ago·New Delhi, India

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CNBC

Metaverse-obsessed Mark Zuckerberg refuses to cut costs. It's no wonder the stock tanked

Meta Platforms' build-the-metaverse-or-die-trying approach to spending is incredibly frustrating.

1 year ago·United States

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Channel News Asia

Investors punish Zuckerberg as costly metaverse pitch falls flat

(Reuters) - Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter.Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20 per cent

1 year ago·Singapore

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