{"id":59193,"date":"2022-10-11T12:26:37","date_gmt":"2022-10-11T16:26:37","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=59193"},"modified":"2022-10-11T12:39:37","modified_gmt":"2022-10-11T16:39:37","slug":"meta-has-been-a-great-short-ditto-for-tesla-intel-roblox-and-vgt-its-fat-bear-week","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=59193","title":{"rendered":"Meta has been a great short. Ditto for Tesla, Intel, Roblox and VGT. Its Fat Bear Week."},"content":{"rendered":"

Not big on the Metaverse\u00a0<\/strong><\/span><\/p>\n

One of my most profitable shorts is Meta, also known as Facebook.<\/p>\n

Zuck changed Facebook to Meta and made hay with the metaverse as a way (at that time) to deflect Facebook’s political ails away from the fake news posts on Facebook that were affecting U.S. elections, e.g. Russian interference in the election of Donald Trump.<\/p>\n

Zuck has dumped mega-money into its metaverse — with little of value to show. Except, he did keep Congress off his back. I guess that was worth billions.\u00a0There’s been much written on the metaverse. I found this quote:<\/p>\n

This reminded me of Neal Stephenson\u2019s 1992 science-fiction novel, \u201cSnow Crash,\u201d in which the term \u201cmetaverse\u201d was introduced to describe a digital space where people could escape their dismal realities. The book\u2019s protagonist, Hiro, is a laid-off pizza deliveryman who, with his roommate, lives in a storage unit.<\/p>\n

The New York Times has published a piece:<\/p>\n

Skepticism, Confusion, Frustration: Inside Mark Zuckerberg’s Metaverse Struggles
\n<\/strong>Meta’s push to develop virtual and augmented reality technology has had a bumpy year.<\/p>\n

You can read it here.<\/strong><\/a><\/p>\n

Meta has fallen hugely in the last year:<\/p>\n

\"\"<\/p>\n

There’s lots of talk about introducing “friction” into Facebook posts — like asking the person posting if they’ve actually read what they’re posting — but Zuck fired the employee pushing for friction. He opted to take as many unchecked ads as possible. If nothing, he is beholden to profits.<\/p>\n

Listen to more on friction from\u00a0Ya\u00ebl Eisenstat, who worked once for Facebook and Zuck fired.\u00a0 C<\/strong>lick here.<\/strong><\/a><\/p>\n

My friend the building contractor has plenty of business<\/strong><\/span><\/p>\n

He builds and fixes house for clients who have cash. There are lots of them.<\/p>\n

His clients believe beautifying their houses is a much better investment than the stockmarket — even if they’re paying more for materials, appliances, etc.<\/p>\n

It’s Fat Bear Week in Alaska<\/strong><\/span><\/p>\n

The bears have to pig out. They have to gain weight for their long winter hibernation.<\/p>\n

The world is now betting on which bear will become the fattest. Click here.<\/strong><\/a><\/p>\n

He was the winner in 2020:<\/p>\n

\"\"<\/p>\n

With the power of modern technology, you can now watch the bears catch, in real time, their favorite meal — salmon.<\/p>\n

You can also bone up of your knowledge of bears — in all their varieties, including the rare white ghost bear.<\/p>\n

By studying the habits of these wonderful creatures, we are guaranteed to learn absolutely nothing about the bear market our stockmarket is currently enjoying. But we will learn why baby bears are called Teddy bears. These videos are priceless:<\/p>\n