Not necessarily. If you believe in their core product (FB, IG, WhatsApp), then even if metaverse fails, Meta can easily pull the plug on AR/VR and increase their stock price. Look at Google. Their entire hardware lineup is worthless, but they still grow every year.
Zuck just did an interview with Daymond John. It is on Youtube. I didn’t watch it, but it might be worth a watch to see his vision of Meta going forward.
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Look at Google. Their entire hardware lineup is worthless, but they still grow every year.
If you don't believe in the future,earnings don't fix that.