Per CNBC
Mark Zuckerberg was extremely bullish on VR tech and the metaverse, even changing the company name of Facebook to Meta. After betting his $340 billion on the idea a year ago, the CEO said that VR is now entering "the trough of disillusionment."
By saying this, Zuckerberg is placing expectations on Meta's new $1,500 VR headset, the Quest Pro, close to zero as it is set to launch on Oct 25.
The Meta CEO still stood by his belief in the metaverse, saying that it will take until later this decade for metaverse tech to fully mature. Needham analysts said that the company is making big bets that could change the world or end up in an "epic fail."
See full $META flow at unusualwhales.com/flow.
