4 ms·

Zuckerberg did this. He correctly or incorrectly believes, Metaverse to be the future and so he invested in it knowing that short term profit may fall because o

Zuckerberg did this. He correctly or incorrectly believes, Metaverse to be the future and so he invested in it knowing that short term profit may fall because of this.

blitzar 4y ago
He did so however on the basis that it would increase the share price. Facebook needed a narrative to pitch to shareholders, the metaverse was the one they selected.
- sokoloff 4y ago
  Over the long run, yes, that was his belief (and job). I don’t think he did so expecting a share price benefit in the following 2 quarters, the premise of the question.
  - blitzar 4y ago
    The purpose of rebranding from Facebook to Meta was entirely for the short term share price.
golemotron 4y ago
He also has most of the voting shares. That means that as CEO he is not in conflict when maximizing value for the owner(s). He is the owner.