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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 sele

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.