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Facebook Is Making a Wise Bet Into the Metaverse
Facebook's financial statement shows a net income of nearly $29 billion in a PE ratio of only 11. Facebook hasn't communicated any sort of business model on how they're going to capitalize on this bet or when they expect the bet to actually pay off. Demodaran, who has been on William Greens' podcast put together what he calls a doomsday scenario for meta. He made four assumptions about the business to come up with a valuation.