Meta’s stock information is displayed on a screen at the NASDAQ MarketSite in New York on Thursday. There is “continued concern that Facebook’s past challenges will follow Meta into the metaverse,” Forrester Research research director Mike Proulx said. App analytics company SensorTower said that 86 apps added “metaverse” to their title or description from November last year through last month. Stifel analyst Mark Kelley sought to calm investors, saying that Zuckerberg outlined not one, but seven investment priorities for the company this year. Kelley said he does not think that Meta’s initial goal of reaching 1 billion metaverse users is a stretch — and importantly, he believes only 40 percent would be gamers, signaling its broader appeal.

Source: Taipei Times February 04, 2022 21:59 UTC