How Long Can Mark Zuckerberg Keep Up His Metaverse Bet?

Meta’s spent $25 billion on R&D this year but made $84 billion. The stock charts may seem dire, but they don’t tell the full story.

It felt like a Liz Truss moment. After Mark Zuckerberg pledged to keep sinking billions into an unproven Metaverse, the market revolted on Wednesday. Meta stock dropped 20% and kept falling on Thursday. The company’s now down 71% this year. It’s lost more than $700 billion in market cap and Zuckerberg’s lost $100 billion of his personal fortune. Investo…