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Technology

As Meta Ditches FB Ticker, Investors Shun Metaverse

  • Brokerages, ETF providers see big potential in new technology
  • Share prices of metaverse plays have tumbled in bear market
There are still no profitable large-scale business models for a metaverse-focused company.

There are still no profitable large-scale business models for a metaverse-focused company.

Photographer: Benjamin Girette/Bloomberg
Updated on

Wall Street is pounding the table on the next big thing in technology, predicting the metaverse could be a $13 trillion industry by the end of the decade. Investors remain to be convinced. 

Investing in the building blocks of the metaverse -- digital worlds where users can socialize, play games and conduct business -- or in companies that help create the experience, are viable early investment opportunities, Andre Lin, a Citigroup Inc. analyst, said in a note this week. He pegs the size of the industry at $8 trillion to $13 trillion by 2030.