From Nasdaq:

Interest in the metaverse may have waned, but businesses are still investing. Meta Platforms’ Reality Labs unit has been a financial disappointment, burning cash with just $825M in revenue and $11.5B in operating losses in nine months. Despite this, CEO Mark Zuckerberg wants to create a new computing platform, hoping for a huge financial boon.

Meta’s Reality Labs unit is necessary for Zuckerberg to control the next computing platform. With its large family of apps segment, Meta boasts 3.14 billion daily active users with Q3 revenue of $33.9B and operating income of $17.5B. This gives the company a strong financial position to play the long game with its metaverse initiatives.

Meta Platforms may not be performing well financially due to its metaverse initiatives, but its strong financial position still makes it the best stock to own for exposure to this trend. Keep in mind that the Motley Fool Stock Advisor service has more than tripled the return of S&P 500 since 2002, so the 10 stocks they identify may produce monster returns in the coming years.



Read more: 1 Monster Metaverse Stock to Buy for the Long Haul