These 7 Words From Mark Zuckerberg Will Make You Rethink an Investment in Meta Platforms Stock
The metaverse trend is projected to be one of this decade's hottest growth trends, with some research groups forecasting a global market size from the hundreds of billions of dollars all the way to more than $1 trillion by 2030. Facebook rebranded itself as Meta Platforms (NASDAQ: META) in 2021, going all-in on the metaverse trend and aiming to be the primary beneficiary of this seemingly massive opportunity.
Some investors believe Meta Platforms stock is cheap now and will only get more attractive as the metaverse grows. However, CEO Mark Zuckerberg just said seven words that bring much needed perspective to the conversation.
Building the immersive, interactive digital worlds of the metaverse is a futuristic vision. But it's one that public companies and investors quickly latched on to in 2021. To illustrate, there were precisely zero mentions of the metaverse in the conference calls of public companies in the third quarter of 2020, according to GlobalData. In the fourth quarter of 2021, there were 119 -- a huge jump.
Source Fool.com
