EddieJayonCrypto
2 Feb 22
So, I have been waiting for after-hours number from Facebook. Why? Because Mark Zuckerberg has been making a lot of noise about his metaverse play, Reality Labs. Come to find out today that his metaverse company has lost over $10B and growing. I hope this proves to people that no one company is goin...
So, I have been waiting for after-hours number from Facebook. Why? Because Mark Zuckerberg has been making a lot of noise about his metaverse play, Reality Labs. Come to find out today that his metaverse company has lost over $10B and growing. I hope this proves to people that no one company is going to control the metaverse. It just doesn't work like that. There are a ton of smaller companies that are thriving and have not lost that kind of money. Sometimes you just can't buy success. It takes smart work, too.I own Rebel Reach, a marketing firm and web hosting company. We also own Rebel Vino, a social platform dedicated to food and beverage. We tell companies all the time they need to market to people where they are. Meaning, you cannot think you are going to market on a single platform, like Facebook, and think that is going to be all you have to do. You have to market on multiple platforms because people have so many places where they can spend their non-working time, including Web3 and NFT searches.Back to the crypto space! Looking at PayPal and now Meta (Facebook, WhatsApp, Instagram, etc.) I am wondering if this will be a drag on the cryptocurrency space. I am also looking at several retailers who posted better than expected numbers like Capri Holdings (formerly Michael Koors). I look at retail and other market sectors because I think they have a play in the metaverse. Stores where you could buy a little something for your avatar and get a matching item in real life. So many ideas in that space and I am enthusiastically waiting for what is to come!🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.