Meta’s metaverse wager is also a bet on founder control • TechCrunch

Meta’s other bet is making Alphabet’s long-running Other Bets segment appear cheap, both in cash and market cap terms.

Shares of Facebook’s parent company plummeted after the company reported huge costs and losses associated with its future-facing metaverse project, accompanied by a revenue decline that, while forex-impacted, was still far from the heady days…

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