A couple of years ago, Facebook rebranded to Meta and Zuckerberg released a cringeworthy video to showcase what Meta could do in what he thought was going to be the next big thing, the Metaverse.
Shortly thereafter, the NFT market crashed and burned, as did the Metaverse idea.
These days, the crypto market is doing well, the Web3 world is doing well, but NFTs aren’t.
And, let’s face it, the Metaverse hype has died down and hasn’t come back yet.
As for Meta, the company has been bleeding cash in this particular sector.
The company’s Metaverse-focused branch has lost billions, and they’ve been slashing budget nearly every quarter.
Meta is expected to cut the Metaverse budget by a further 20 percent in the upcoming Q2 earnings call.
By contrast, Meta stock is doing really well these days.
At the time of writing, Meta stock trades at $477, down from its recent ATH north of $500.
As a result, Zuckerberg is richer than ever. The fifth-richest man in the world, per Forbes, Zuck has a net worth of $167 billion.
What does that tell us? That sooner than we think, we’re going to have the world’s first trillionaire.
And Meta stock will get to $1,000.
But the Metaverse? We’re gonna need a better pitch than that, because NFTs were clearly the wrong way to go about it.
bitcoinea 
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