![]() ![]() Second this, the big Zuck is trying to make a VR mmorpg but doesn't even realize that's what he's making. But the conceit of the meta verse was always myopic at best, and blind at worst. VR and AR worlds may have their day in the sun - granted some very real threats to their potential infrastructure don’t materialize. Who the fuck would want to own virtual real estate in Mark’s little terrarium? It’s delusive and cultish to suggest one might benefit from that. Additionally, they also rely on a ubiquity of trust in fucking Facebook that hasn’t existed since 2013. But they all rely on a kind of ubiquity on the supporting tech that, flatly, doesn’t exist. I literally just wrote out a couple I humbly suggest would be bangers, today. Sure: hypothetically, there are fascinating use cases for the level of enduring VR Zuckerberg is aiming at. ![]() But, really, does anyone honestly think that the personal technological infrastructure exists at current to sustain anything more than a passing interest in the fucking meta verse? It’s trite it’s 100% Silicon Valley hot air, and almost no substance. It’s a fucking joke.Īt best the meta verse presents a great scam for early adopters, much like NFTs. Most information to help you learn and practice can be found in our wiki.Īnybody who thinks the “meta verse” is an enduring cultural and economic feat is a blathering idiot. Related Subreddits (see the rules above for related subs as well) Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, or r/weedstocks instead. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Non-ETF-related Crypto goes on r/CryptoCurrencies info. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. The Robinhood app should be discussed in /r/Robinhood. Low effort mentions for meme stocks will be removed, see here. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Rules (in depth rules wiki here)ĭisclose any related open positions when discussing a particular stock or financial instrument. Still, he managed to offload a part of his stake in late 2021 when shares were trading comfortably above the $300 mark.Almost any post related to stocks is welcome please read the rules below:Ĭlick here to find how many days old your account needs to be and how much karma you need before you can comment or post to r/Stocks. He reported 8 buy Meta stock trades in 2021 with entry prices north of $250 a share, sometimes going as high as $336.58. For instance, the Congressman sold Meta shares worth between $100,000 - $250,000 twice in early August, in addition to several trades in smaller sizes.Īlthough McCaul avoided a huge drawdown on his Meta investment, it is worth noting that he was accumulating Meta shares in 2021. McCaul was actually selling Meta stock throughout the entire last year. McCaul sold Meta stock twice on September 21 when META closed at $142.12, about 30% higher compared to the most recent price. In the first week of last month, Congressman McCaul sold $15,000 - $50,000 worth of META stock via two trades when the stock price closed at $160.32, which is nearly 40% higher compared to today’s price of about $100 per share. Representative McCaul reported earlier in October that he sold Meta stock on four occasions in September. On the other hand, some other investors, including Congressman Michael McCaul, will feel they dodged the bullet by selling Meta stock to avoid the most recent crash. ![]() ![]() Many money managers were reviewing their portfolios on Thursday given that Meta was one of the most owned stocks by hedge fund managers. Later this week, Meta stock fell to levels last seen in early 2016. All these factors contributed to Meta's stock price trading about 75% off the all-time high set in September last year. The company warned that this division will continue to incur losses in 2023 as Meta bets big on the Metaverse story.Įlsewhere, revenues from the core business, social media, are slowing in response to the increasing competition from TikTok and Apple’s iOS privacy update. Shares of Meta Platforms (META: US) crashed nearly 25% on Thursday after Mark Zuckerberg reported disappointing third-quarter results and issued a weak forward-looking forecast.Īmong other things, Meta reported that its Reality Labs unit, which makes AR and VR devices, lost over $9 billion in the first 3 quarters. ![]()
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