麻豆社

Shares in Facebook's parent company, Meta, plunged on Wednesday after the firm reported a fall in revenue and profits.聽

A year ago Mark Zuckerberg declared virtual reality as the next frontier to drive Facebook's growth, in reality those gains haven't materialised.

Is it part of a more general slowdown facing big tech and social media?聽

Or is Mark Zuckerberg's decision to invest billions in his virtual reality Metaverse project proving to be a bad bet?

Victoria Scholar is the head of investment at Interactive Investor.

She says, "Meta has seen in this division [metaverse] a loss of 3.7 billion dollars, many are criticising Zuckerberg for going too heavily into a sector that really is not exhibiting the growth that it would've hoped."

(Photo: The logo of Meta Platforms in Davos, Switzerland, May 22, 2022. Credit: Arnd Wiegmann via Reuters)