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The market has never hated innovation. Very much the opposite. What do you think Growth stocks are (i.e. valued on innovation/future potential) vs Value stocks
by ulfw 4y ago
The market has never hated innovation. Very much the opposite. What do you think Growth stocks are (i.e. valued on innovation/future potential) vs Value stocks (valued on more intrinsic/today's value).
The market hates not being sold on a story. And honestly Zuckerberg completely failed to sell the public on the metaverse.
We've had VR worlds for a decade plus. Noone used them. Horizon Worlds is the same thing, but monetized. And extremely expensive to build for some odd reason and with basically no users.