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Investor's Business Daily

Investor's Business Daily

Meta's new smart glasses are a "time machine," says Zuckerberg. Why it's a make-or-break moment for the tech giant

Investor's Business Daily
Summary
Nutrition label

66% Informative

Mark Zuckerberg has spent tens of billions of dollars in hopes of bringing a metaverse powered by augmented and virtual reality mainstream.

Many investors view the metaverse more as a money pit than a time machine.

Zuckerberg says there can be big benefits if Meta has greater control over the computing platforms that power its apps.

Zuckerberg : "We might be twice as profitable if we own the platform".

Meta unveiled updates to its Ray-Ban smart glasses at Connect event.

The smart glasses market is still tiny compared to the billions of users on Apple and Android phones.

Mark Zuckerberg has said he expects Meta 's Reality Labs products will have a "largely" revenue component.

But analysts say there is a long-term rationale for Meta with the metaverse.

Meta shares are up from a Sept. 19 breakout from a 542.81 consolidation pattern buy point with no defensive sell signal.

Overall, Meta has gained nearly 65% this year and remains a consensus buy among analysts.

VR Score

75

Informative language

83

Neutral language

48

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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