Honestly, the whole question with FB stock is whether you believe the Metaverse stuff will pay off. I give them worse than even odds, but better than a 10% chance, to be the ones who get it right.
They don't necessarily have to get it right. They just have to be geared up enough to fast follow whoever does get it right, or be an enticing M&A partner. My bellwether is how they respond to TikTok.
Now with all that said, I think there's a snowball's chance in hell that VR headsets become as ubiquitous as cell phones. It won't happen until AR. It's like TiVo and Netflix.
This is probably out of the cards for a generation. (At least in the U.S. and EU.) What Facebook fights with, they'll have to build on their own, a handicap not shared by their peers.
Exactly. Minecraft, Fortnite, and Roblox have shown that there is customer demand for Metaverse content. I.e., UGC in 3D.
If they execute like Microsoft with the XBOX they will succeed in the long run.
But it's a long road.
