about 1 year ago • 5:08 mins
Facebook – the world’s biggest social network – has officially changed its name to Meta Platforms Inc., in a bold bet on a new iteration of the internet that’ll see avatars of ourselves living, working, and playing. So let’s look at whether Facebook’s onto something here and, if so, how can you take one small step into the metaverse.
The metaverse is a term coined by Neal Stephenson in the 1992 dystopian sci-fi novel “Snow Crash”, describing the place where people remotely hang out while wearing virtual reality (VR) headsets. Or if you want a more recent cultural reference, think of the Oasis in “Ready Player One
But there’s a risk of a rude awakening. So Stéphane says you might want to approach the latest stock rally with caution.
The global investment firm has updated its outlook for 2023. So Stéphane’s taken a look at how it sees things going and what you can do to prepare for it.
Big fund managers and retail investors alike are starting to see its beauty, but as Russell notes, you can still buy this long-shunned asset at good prices.