How Low can "Meta" Go?

META

FB reports next week - without belaboring the real lack of value that thing has as a service on their primary properties, I deleted my account 4 years ago and found an extra hour in every day since, but on the business side - their investment in the "metaverse" is going to be horrifically bad. They have spent $10b to $15b on the thing and only a handful of users even make it to month #2 of membership. It is so bad, they struggle to find enough people that actually use the thing to survey for new features as a focus group. More people live in Reno, Nevada (by about triple) then use "New Horizons."

businessinsider.com/most-metaverse-users-dont-even-make-it-a-month-wsj-2022-10

This looks like a safe short.