Justin SullivanIn our last article on Meta (NASDAQ:META), we wrote about their difficulties with the Metaverse, profitability, and market share in their legacy business. In particular, we compared it to Coca-Cola (KO) in 1985, when they boldly tried to replace their Classic Coke with "New Coke," in response to losing market share to competitors. Like Coca-Cola, Meta seems to be returning to its core business and efficiency, and the "New Coke" problem seems to be solved. And fortunately, like 'New Coke,' Meta, after receiving enough feedback, returned to its legacy business. And with that, Meta seems to have solved the "New Coke" problem, focusing on their legacy business, as we foresaw.

Source: The Star February 12, 2023 07:57 UTC