By Nigam Arora & Dr. Natasha Arora
Facebook (FB) is changing its name to “Meta.”
“Meta’s focus will be to bring the metaverse to life and help people connect, find communities, and grow businesses,” the company said in a statement.
Here are the important points:
- Please start out by reading the prior post titled METAVERSE IS A HUGE OPPORTUNITY THAT NO INVESTOR SHOULD IGNORE
- Smart money is buying FB.
- The momo crowd is selling FB.
- Starting on December 1, FB will trade under the symbol MVRS.
- Meta will provide financial reporting in two segments.
- Family of Apps
- Reality Labs
- Expect Reality Labs to lose tens of billions of dollars as Meta spends money to build its own metaverse.
- Dropbox (DBX) stock is moving higher as DBX support is added to Oculus. Oculus is a virtual reality company that Meta bought several years ago.
- Take-Two (TTWO) is moving as Grand Theft Auto: San Andreas will be using Oculus.
- The software underlying the metaverse is named Horizon. It has features similar to Roblox (RBLX), Minecraft, and tools for work collaboration.
- NFTs, crypto, and blockchain are likely to play a key role.
- A flash-crash in bitcoin coincided with the presentation by Meta. There appears to be disappointment that bitcoin was not highlighted in the presentation.
We have previously written,
We are working on a podcast highlighting various aspects of metaverse that are important to investors. We are also working on a Metaverse Portfolio.
Further, in addition to long term investments, the metaverse will provide many short term trading opportunities.
The podcast and the portfolio will be visible to you in a couple of weeks if you are an Arora Ambassador Club (AAC) member. If you are still on the waiting list, you will get an invitation to join.
For those who are not on the waiting list, we ask for your patience. At this time the waitlist is closed. We appreciate that a large number of investors want to get on the waitlist. We will do our best to accommodate you in due course.
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This post was just published on ZYX Buy Change Alert.
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