Meta Platforms, Inc. (NASDAQ: META), which changed its name and ticker to reflect its pivot toward the metaverse, is not seeing much traction on that front, according to tech analyst Ming-Chi Kuo.
The TFI International Securities analyst said Meta's metaverse hardware/headset business has slowed. He cut his shipment forecast for the category by 25-35% to 7 million-8 million for 2022.
