Zuckerberg Unveils Meta's Augmented Glasses
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Mark ZuckerbergInvestor'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
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.
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