Whitney Tilson: “Mark Zuckerberg had gone all in on the Metaverse and was…”

“Right. And I said all these stocks are buys, but Meta is my favorite because it's fallen the most and I still think it's an insanely great company. Mark Zuckerberg had gone all in on the Metaverse and was pouring, I don't know, $15 billion a year of Facebook's prodigious profits into what turned out to be a wild goose chase and a complete waste of money. In the Metaverse, he went so far as to rename the company from Facebook to Meta platforms, pursuing this dream, which turned out to be worthless. But that was a fixable problem.” (07:28–07:45)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.