Seems like the metaverse is not selling well to the Wall street in the real universe :)

Probably means it's going to pay off in spades.

Facebook is facing competition from TikTok and will have a very hard time breaking their momentum. Always go long Google and short Facebook.

Duplicate (older with more comments): https://news.ycombinator.com/item?id=30184104

Seems like the decade long tech bubble is finally popping

Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.

Google is down on FB earnings. The market has strong correlations.

Didn't google beat earnings by 10%?

What bubble? These are literally some of the largest, most profitable companies on the planet earth.