Facebook’s Metaverse Growing Pains Give Investors a Reality Check

Facebook’s parent company Meta wants to reposition itself for the metaverse, and it’s spending heavily to do so. But for the moment it’s still a social-media company, one that reported one million fewer daily active users last quarter and a slowdown in advertising sales. Tech reporter Meghan Bobrowsky joins host Zoe Thomas to discuss how investors are reacting and what it means for the wider tech landscape.
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Facebook’s parent company Meta wants to reposition itself for the metaverse, and it’s spending heavily to do so. But for the moment it’s still a social-media company, one that reported one million fewer daily active users last quarter and a slowdown in advertising sales. Tech reporter Meghan Bobrowsky joins host Zoe Thomas to discuss how investors are reacting and what it means for the wider tech landscape.

Learn more about your ad choices. Visit megaphone.fm/adchoices