Timonrosso

Meta still got downside to come to $40

Corto
NASDAQ:META   Meta Platforms
JUST IN: Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees —
an estimated 13% of its workforce — and will also be taking “a number of additional steps to become a leaner and more efficient company.”
This is a clear indication that since Mark went and focused on building the Metaverse (VR and AR) that this was a risk.
We focused on building Horzons (app) and building Oculus and Metaquest. But clearly the world was not ready for this evolution.
Also with Oculus costing $299 and the new Oculus costing over $500 shows that majority aren't willing to invest in this technology or can't afford it...
I do think the Metaverse will take over one day, but only when technology becomes cheaper and the benefits outweigh the risks... Right now it's a liability to those due to a lack of education
What are your thoughts...

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

𝕏 (Formerly Twitter):
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.