The Hardware Behind This New Megatrend Is Here

There are a number of big-picture trends likely to play out over the next decade. One of the more interesting is the evolution of social media from websites into a veritable “metaverse.” That’s a plan that Facebook (FB) in particular is looking at.

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  • The company has just unveiled its Smart Glasses hardware. The device can work with integrated-reality software to create an immersive viewscreen that can likely make a future metaverse interface possible.

    Priced at $299, the gadget has a number of features. Chances are better models will come out in time, with better software integration for metaverse technology.

    Action to take: Shares have been performing well, with shares up 41 percent over the past year, just beating out the S&P 500 index.

    With rising revenue and earnings, and a great profit margin, the company’s core social media business is likely to continue to thrive, with further potential for the disruptive potential of the metaverse rollout.

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  • That makes shares attractive here for long-term investors, although shares don’t pay a dividend.

    For traders, the uptrend in shares is likely to continue. The January $400 calls, last going for about $16.30, can deliver mid-to-high double-digit returns in the coming months should the trend higher in shares continue.

     

    Disclosure: The author of this article has a position in the company mentioned here, and may further trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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