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Monday, October 24, 2022 10:17:43 AM
Zuck has a completely different set of problems, as well as a history that has impacted the stock. Starting with his views on blocking users/stories/FBI requests. Take a look at any "woke" company and you will see a business model in decline, aka, failing stock. All of this is a great example of why he had to seek a different path and change the name of the company as opposed to simply starting a new company.
Now add in Apple's move of pulling out and the stock creates a greater fall.
Meta will not only see a large value loss, but they will also burn through billions in creating a business that will not see any real revenues for years from the Metaverse.
GG at least created the idea of parcel sales and the creation of the city/world that has the potential of generating cash to feed the creation. Now add in the gaming/user revenues and you have a faster path too making revenue than a company the size of Facebook can do for years to come.
While GG is by no means Meta, it does have the ability to generate parcel sales, so they are not burning through the kind of cash that Zuck is burning through.
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