Meta Downgraded by BofA to Impartial From Purchase Partly on Metaverse Issues

Meta Downgraded by BofA to Impartial From Purchase Partly on Metaverse Issues

by Jeremy

Meta ought to handle investor considerations about Instagram utilization headwinds, spending on constructing the metaverse given the perceived lack of person traction, excessive capex which is impacting free money stream (FCF), Reels content material high quality and margins and progress and a timeline for concentrating on enhancements, the be aware added.

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