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Bulls on Meta Stock Have One Big Problem: Mark Zuckerberg

  • CEO’s pricey metaverse gambit weighs on earnings outlook
  • Facebook parent’s shares hit lowest since 2015 after results
Mark Zuckerberg

Mark Zuckerberg

Photographer: Michael Reynolds/EPA/Bloomberg 

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Mark Zuckerberg built Meta Platforms Inc. into one of the biggest companies in the world, but some investors now see him as an obstacle to the stock recovering from a historic selloff.

The Facebook parent has tumbled 72% this year, with last week’s earnings pushing the shares to a multi-year low. The biggest weight on the stock: Meta is spending billions of dollars to develop the metaverse, an immersive virtual world that the chief executive officer has long believed represents the future of computing.