Meta is shutting down NFTs. Cathie Wood keeps buying Coinbase stocks. Will banking crises push US crypto firms offshore? Nouns, a movie is in the making. $1 Million offer for information on hackers
Agree. They've spent a ton in the virtual world initiative and that's yet to see adoption. This + laying off an additional 10000 people meant that managing perceptions is now mission critical, and investors want to see brts that have strong IMMEDIATE revenue possibilities. Payments can make you money right away. So moving away from NFTs to set up Meta Pay seems smart from an "investors" POV
the bottom line, and the need to be in line with regulators is pushing meta to shelve these plans. not sure if it's the best move.
Agree. They've spent a ton in the virtual world initiative and that's yet to see adoption. This + laying off an additional 10000 people meant that managing perceptions is now mission critical, and investors want to see brts that have strong IMMEDIATE revenue possibilities. Payments can make you money right away. So moving away from NFTs to set up Meta Pay seems smart from an "investors" POV