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.
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.
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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.
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.