Facebook's metaverse business completely misses Wall St expectations

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Facebook's new metaverse business just missed Wall Street expectations by a wide margin

Analysts last week estimated the segment would bring in around $3 billion in annual revenue.Facebook's metaverse business reported disappointing results for the first time on Wednesday, showing the company's effort to build a new computing platform is still some way from taking off.

Wall Street took Facebook's results badly on Wednesday, sending the stock down 18% in after-hours trading.

 

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