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Benzinga
Benzinga
Business
Wayne Duggan

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

metaverse Mark Zuckerberg Meta Nasdaq Justin Post Bank of America

Meta Platforms Inc (NASDAQ:META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to cut costs.

Even after Wednesday's rally, Meta shares are down 69.7% overall year-to-date, and some employees have begun questioning CEO Mark Zuckerberg's obsession with building the metaverse.

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