This week, the American tech companies present their quarterly reports, and on Tuesday it was Meta's turn, which owns Facebook and Instagram, among other things.
- Things are going badly for them.
This year, the market capitalization has been halved, the stock has fallen by 60 percent, and after releasing this report, the stock fell another 15 percent, says Alexander Norén.
The dismal result is partly due to the rapid inflation and a reduced advertising market, partly to founder Mark Zuckerberg's billion investment in the virtual world metaverse, which so far has not gained air under its wings.
- Because it hasn't taken off yet, and there are more critics who question "do we really want to live in this world?"
so even investors begin to question whether he has bet correctly.
Has he really put all his eggs in the right basket?, says Alexander Norén.
Why doesn't Zuckerberg release his darling metaverse even though it won't fly? Hear Alexander Norén explain in the clip above.