Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
The Future of Meta

The Future of Meta

Information is not investment advice

Last year, a new old company was born. Back in October, Facebook’s CEO Mark Zuckerberg introduced Meta - a new company aimed to bring together apps and technologies under one new company brand.

Meta will focus on creating and developing the Metaverse – a network that combines the 3D virtual worlds and online social experiences. It will let you share your digital experiences with other people even when you can’t be together and do things together you couldn’t do in the physical world. Mark Zuckerberg pledged to spend $10 billion a year over the next decade on developing this new universe.

It may seem like this is an elegant way for Mr. Zuckerberg to clean his reputation after multiple antitrust complaints by the Federal Trade Commission. However, the FTC continues its lawsuit against Meta to push Meta to sell Instagram and Whatsapp. The commission blames Meta for anti-competitive conduct and potential manipulation of advertising sales.

Does Meta seem like a real deal right now? Let’s find out.

First of all, despite the updated brand, it did not provide any critical updates to any of its social media platforms. All the buzz around Meta seems as far as conquering Mars for now. For example, Meta has introduced hundreds of applications for patents related to its Metaverse and even announced plans to implement hyper-targeted advertising. One of these patents includes the avatar-personalization engine that uses biometric data. At the same time, Meta acknowledged that its patents don't necessarily cover the technology used in its products and services.

People’s opinions on the Metaverse currently depend on whether they view owning and operating a “digital self” through the lens of dystopia (“The Matrix”) or harmless fun (“Fortnite”). This fact limits the possibilities of Metaverse in the heads of regular people and makes it a sort of a game.

Secondly, some analysts also believe that the whole "Meta" thing is just an attempt to distract from lawsuits and leaked documents that the changes are profit-driven and won't bring any fundamental breakthrough.

Thirdly, the big rivals of Meta: Apple, Google, and Microsoft, are developing similar projects. For example, Apple is working on an AR/VR headset.

As a result, the main focus will remain on the good old Instagram. Instagram Reels, a look-a-like of TikTok, has been the key growth driver for engagement on the platform. This factor is especially crucial if you are going to trade on the upcoming earnings release of Meta on February 3. 

Now, the main question is: Will the stock of Meta rise?

In the short term, it can.

If we look at Meta's stock in the short term, we can see that it has been trading in a range since November. The rebranding did not excite buyers, and the main resistance for the stock remains at 350. The rise towards this level may happen after a swing from 310.  

In the longer term, there are huge uncertainties around a lawsuit and the future of the digital universe.

As a result, we can see levels below 300 within a year.

5544.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
  3. Start!

 

Similar

Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Popular

Can a recession be avoided? 

The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession. 

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later