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| Economy |
| Is The Sun Setting On The Glory Years For Facebook And Meta Stock? |
| 2022-07-08 |
| [Investors] As Facebook turns 18 years old this year, the longtime whiz kid of social media is embarking on a new life under the name Meta Platforms (META). But the company is struggling with its newfound maturity, and Wall Street is fretting over the metaverse stock like a worried parent. Meta stock has lost more than half its value since last September, as Facebook and Chief Executive Mark Zuckerberg have tethered the company's future to the metaverse, an entirely new method of communicating. The risky bet comes as troubles mount at the company. User growth is stalling, and advertising revenue is under pressure due to competition and the slowing economy. The company faces increasing scrutiny from Congress, while upstarts are challenging its social media dominance. And while Facebook sees massive potential in the metaverse, there's no guarantee its gamble will pay off. Read the rest at the link |
| Posted by:badanov |