Facebook (NASDAQ: FB) may have renamed itself Meta Platforms…
And made the “metaverse” a trending theme in tech.
However, it’s proven to the WORST stock for profiting from the metaverse.
Instead, a new company is on the cutting edge of this explosive growth trend. And it plans to topple Facebook’s metaverse aspirations from day 1.
Consider that Facebook announced its new name on October 28…
“The Facebook company is now Meta.”
Facebook’s name change was nothing more than a rebrand.
The core of the company really didn’t change at all. It still operates Facebook – which is the world’s largest social network. It still owns Instagram – the biggest photo sharing site. And it still owns chatting platform WhatsApp.
CEO Mark Zuckerberg was simply trying to portray the company as being on the cutting edge of something new…
“Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses. The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world.”
Perhaps I’m a bit cynical…
…But the Facebook rebrand occurred just six-weeks after The Wall Street Journal published a scathing series of reports.
The Facebook Files revealed damaging secrets from inside Facebook. This includes internal documents showing:
- Instagram is toxic for teenage girls
- Efforts to develop Instagram Kids – to attract children younger than 13
- Use of the platform by drug cartels and human traffickers
This week we discovered that Facebook may be just smoke and mirrors.
Facebook made its rebrand and the move to the metaverse in late 2021.
However, the core business was deteriorating. And we recently found out how badly.
Facebook’s latest earnings report was a disaster. Revenues and earnings fell short of analyst estimates. Plus, the company’s forecast for the first quarter showed slowing growth.
The company blames changes to Apple’s (NASDAQ: AAPL) privacy settings on the new iOS. These changes make it more difficult for advertisers to track consumers. And therefore, reduces Facebook’s ability to target ads as effectively.
The Apple iOS issue will result in a $10 billion drop in revenues for Facebook in 2022.
Facebook now expects first quarter revenues of $27 – $29 billion. That fell short of estimates calling for $30.1 billion.
Frankly, Facebook could be facing headwinds in the coming months, maybe even years. And that’s why I’m NOT buying Facebook stock today.
Instead, I’m jumping into a brand-new metaverse stock that will profit from this explosive growth trend.
This company has already gone from 10 million daily users to 50 million daily users.
The biggest brands in the world are moving from Facebook to THIS platform.
Not only that, they are capturing the EXACT demographic that Zuckerberg is losing – GenZ.
I believe this stock could soar as much as 4,000% and they JUST went public.
It’s one of the MACE stocks I’m betting $100,000 of my own cash on.