Why Facebook’s Meta-Morphose Is A Mega Misstep by Mark Zuckerberg?

Why Facebook’s Meta-Morphose is another mega misstep by Mark Zuckerberg? Is Zuck following Google? The big tech search giant rebranded its name into Alphabet in 2015.

Or is Zuckerberg trying to eliminate the poisonous reputation that Facebook has established with the many scandals last few years? Beyond branding, is the Meta move offering actual value to investors?

What’s the fuzz about? Facebook expects to spend more than $10 billion on AR, VR, and related hardware as well as the development of metaverse apps and services this year.

During the company’s Q3 earnings call Monday, CEO Mark Zuckerberg told investors that the company would ramp up investment in the area and warned that it wouldn’t see a return on that investment any time soon.

“I recognize the magnitude of this bet,” Zuckerberg said. “This is not an investment that will be profitable for us any time in the near future.”

What Zuckerberg forgot to tell his shareholders? Is that the name change is trying to eliminate its past and a terrible reputation.

But What Is The Metaverse, And Why Does it Matter?

The metaverse is a virtual world that blends aspects of digital technologies like AR…