InvestingIdeasDaily

It’s time to really ask ourselves the uncomfortable question about Meta — is it time to move away from this stock? Feels like this is the thousandth time it is spoken about Meta ( NASDAQ: FB ) and the metaverse, but we are officially vowing to not call it Facebook anymore. More pressing than Mark Zuckerberg’s naming preferences, however, is the fact that we’re running out of reasons to defend Meta as an investment… Retreat from the metaverse… Meta has had a horrendous year thus far. A first-ever decline in users, a slew of regulatory battles, and the largest ever single-day loss of value on the stock market have meant an uncomfortable start to 2022. Added to this, the firm is now all-in on its overhaul towards the metaverse. While some investors are bullish about this focus on novel technology, some big questions remain to be addressed. One of the largest issues facing Meta’s vision is the current state of modern telecom networks. According to the company’s VP of Connectivity, Dan Rabi