1 Company Helping to Build the Metaverse
With Roblox (NYSE: RBLX) and Meta Platforms' (NYSE: FB) focus on the metaverse, there has been an increasing amount of attention paid to one company that is literally building it out. Matterport (NASDAQ: MTTR) is bringing rooms, houses, and spaces to the cloud by digitally mapping them.
After Facebook changed its name to Meta, shares of Matterport have soared nearly 22%. While this name change does not impact the long-term outlook of Matterport, it suggests that the relationship between Matterport and the foundation of the metaverse is tightly knit. With the company reporting earnings on Nov. 2, it might be time to look at how this business is helping build out the metaverse.
Image source: Getty Images.
Source Fool.com
