To The Moon

META’S future - Mark Zuckerberg lays it out

https://finance.yahoo.com/news/mark-zuckerberg-lays-out-the-future-of-meta-140009379.html?.tsrc=fin-notif

Precursor – please take a moment to go thru the linked-article and form your own opinion first ok. Tks.

In trying to claim a major stake in Metaverse, META or Mark Zuckerberg has burnt :

2019 - 4.5 Billions

2020 - 6.6 Billions

‪2021 - 10‬ Billions

2022 - ???

21.1 Billion in the preceding 3 years in research & development (R&D).

Do you think its money well spent OR is Mark speculating META’s relevance by staking it in a very unpredictable future (of Metaverse); where there is no telling for sure if it is going to be the de-facto Universe that all mankind (or at least the younger generation) will seek refuge in.

Question of how much resources spent in (for example) 2019 R&D is still relevant and is part of whatever prototype built ? Same goes for money spent in 2020 & 2021. These are important questions to ask and to know because a company’s profit will not last forever if outflow is greater than inflow – simple Maths. Furthermore, META has already been dealt with two major blows in terms of capitalizing on data being collected and mined. 

This came about as a result of Apple and Google empowering consumer to exercise his/her rights on protecting its own data. I am sure everyone would have come across all websites seeking permission from users on whether his/her data could be tracked or mined in the privacy/cookies options setup.

For those who are still holding META shares – is it time to re-review and re-assess your holdings and decide whether to continue to hang onto a sinking Titanic (at least that’s how it appears to me) ?

Also what is Mark's Plan B if the Metaverse venture does not take off OR take off without a Bang? What then foe META? 

Guessed you would’ve known the matching song will be – My Heart Will Go On (theme song from movie Titanic) by Ms Celine Dion.