Meta will be split into two companies. One combining Facebook, Insta and WhatsApp. The second owned privately by Mark will focus on meta verse. This is a brilliant move: without the VR expense fb will be hugely profitable and Mark can use his profits to fund the meta verse ambitions. End to fb problems ? Source: https://www.reuters.com/breakingviews/mark-zuckerberg-will-split-meta-take-verse-2022-12-21/
Bad idea
🤦♀️
A wise man said- “Sounds good, doesn’t work”
Meta stock will be a dividend stock then.
If he's going to take that part private, he has to pay the shareholders for it. He can't just take a chunk of the company for nothing.
At what price did you buy your Meta stock ?
This is already happening. Although this does allow for separate fundraising
The VR company will die because of no profits. The other one will die due to competition from TikTok.
How is this different from doing both within one company? Is the theory that the stock of the non-VR company will go up so much that he can sell stock to fund the VR company? That seems unlikely.
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Is this breaking news or someone’s breaking views ?
Was wondering this
OP stole a columnist’s idea and tried to pawn it off as their own https://www.reuters.com/breakingviews/mark-zuckerberg-will-split-meta-take-verse-2022-12-21/