Meta shares fell 20 per cent last week and were trading at US$100.55, the lowest since February 2016. Investors are unhappy, as Reality Labs, Meta’s metaverse unit, has already lost US$9.44 billion in revenue this year and expects to lose even more next year, while the company’s ad market, its main source of revenue, continues to dry up.
Meta’s shares fall after metaverse investments lose billions
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