The falling Nasdaq has taken a lot of metaverse stocks down with it. I reckon some of them look like tempting buys right now.
What are metaverse stocks? They’re all to do with this digital, three-dimensional, immersive, real-time, interactive, social and commercial online thing that’s apparently going to revolutionise our lives. The key companies at the forefront of it are the likes of Meta Platforms. And for those who don’t know, Meta Platforms is Facebook with a new name. There are plenty more, which share one thing in common — their stock prices have slumped. The Twitter market cap has fallen to $29bn, for example. That’s a fair bit less than the $44bn Elon Musk agreed to buy it for. He’s currently trying to back out of the deal for unrelated reasons.