'I think Mark Zuckerberg is telling us he doesn't think he has a core business.'
2:38 PM"I think Mark Zuckerberg is telling us he doesn't think he has a core business."As Meta-formerly-Facebook's slump continues, analysts are saying that CEO Mark Zuckerberg appears to have made a terrible miscalculation., financial experts predicted that Meta may reach a "make or break" moment in the next couple of months as Zuckerberg doubles down on building out the company's metaverse.
"I think Mark Zuckerberg is telling us he doesn't think he has a core business," Laura Martin, a senior analyst at the Needham investment bank, told"He is moving to [Instagram] Reels because it competes with TikTok," Martin added. "He is moving to the metaverse, and he's changed the name of this company, which tells me he doesn't think his core business that he built 15 years ago is actually a business anymore.
When it comes to Facebook and Instagram — the social networks that make up the core of Meta's revenue — the company is trying hard, but failing, to
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