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Mark Zuckerberg-owned Meta Platforms (META) has been hogging the limelight in recent times when it comes to all things metaverse. Although the tech mogul has lost tens of billions of dollars so far on this endeavor, he remains convinced of its prospects, telling analysts, “This is the direction that the world is going in,” during Meta's second-quarter earnings call.
And after a brutal year in 2022, META is performing much better in 2023. The stock is up 138% year-to-date, absolutely crushing the broader equities market.