Last week’s all-employee conference call concluded with Meta executives warning their subordinates that the firm could be on the precipice of a difficult period. While tech as a whole has struggled this year, Meta is facing some additional challenges.
Many important technology firms joined a forum this week to cooperate in metaverse technology development. One of the forum’s founders, Meta, has already made a huge investment in the metaverse which has yet to pay off.
The metaverse has certainly made a buzz over the past couple of years as many tech behemoths made efforts to adopt this technology, but what is the metaverse, exactly? And, most importantly, how do you gain exposure to it?
After releasing underwhelming predictions for Q1 growth on Wednesday, Meta and Spotify both showed sharp falls in after hours trading. The new business paths taken by these two firms could be behind trader disfavor.
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