![]() ![]() “Just kidding… it super sucks.” Meta’s plummeting stock price has made some employees restless. Ask yourself if this train of thought is good for the company,” a fourth joked. “Duh, you’re supposed to think Meta, Metamates, and me. “Same boat,” a third said, adding that they’re “already interviewing” at other companies. “Leave this crap place,” another “Metamate” responded. “Joined Meta near, now feeling like s-t,” one Meta employee said this week in a popular thread on Blind, a corporate message board with verified members. Shares of Facebook and Instagram parent Meta have plummeted more than 40% over the past six months - and some employees saddled with underwater stock options are eyeing the exits. ![]() Meta’s profits plunge more than 50% as ad revenue dwindles Meta employees told to ‘put in 200% effort’ to protect jobs as layoffs loom: report Mark Zuckerberg lost $100 billion in last 13 months as Meta stock plunges 25% On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.Jim Cramer chokes up as he apologizes for pushing Meta stock: ‘I screwed up!’ ZOOM STOCK CRASH HOW TOFederal Reserve and how to turn the market mayhem into personal fortune. In this episode, my focus was on metaverse stocks, inflation, the U.S. Every Wednesday, I meet up with our very own Aaron Davis to discuss the technology sector’s most important issues - and biggest opportunities. Well, I discussed these ideas and more in the Hypergrowth Investing podcast. And the current market selloff is giving smart investors a golden opportunity to buy these stocks for 100%-plus potential returns. And most folks seemingly forgot about Microsoft’s huge acquisition.īut they shouldn’t have - because it strongly implies that a certain set of metaverse stocks will absolutely soar. Microsoft’s acquisition of this enormous gaming titan could shift us further toward a more far-reaching metaverse.īut since this announcement, the stock market proceeded to crash. With this reality fresh in our minds, it’s easier to imagine how quickly the future of work could change - again. ![]() And the use of platforms like Zoom ( ZM) categorically boomed. In the early days of the pandemic, folks were forced to adapt to a new stay-at-home world. But what about for exercise? For school? For work? It holds a virtual space where people can meet for gaming, sure. The development of the metaverse is centered around both virtual and augmented reality, with human connection at its center. So, yes, this Activision acquisition is huge news for the metaverse.Īnd it marks more than just a future-forward leap for gamers. regulatory scrutiny, Microsoft CEO Satya Nadella is “very, very confident that we’ll come out.” The company will create mixed-reality versions of Call of Duty and World of Warcraft and pair those games with its own HoloLens VR headsets to construct a world-class gaming metaverse.Īnd despite current U.K. Finally, it was backing up that talk with walk. You see, Microsoft had been talking about the metaverse being the next big thing for months. It was massive news because this acquisition is all about the metaverse. Back in January, one of the world’s largest companies - Microsoft ( MSFT) - announced its largest acquisition ever when it said it was going to buy video game titan Activision ( ATVI) for $69 billion. ![]()
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