The development of its metaverse is proving very, very expensive, and spending on the project isn't abating anytime soon. Rather, the biggest red flag quietly waving within its third-quarter numbers is how little Meta has to show for a marked increase in its selling and marketing spending. Meta's got a more immediate problem to solve, however, which might make its metaverse efforts moot. Read More...
The development of its metaverse is proving very, very expensive, and spending on the project isn’t abating anytime soon. Rather, the biggest red flag quietly waving within its third-quarter numbers is how little Meta has to show for a marked increase in its selling and marketing spending. Meta’s got a more immediate problem to solve, however, which might make its metaverse efforts moot.
