It seems each day now there is a great company that has dipped on poor earnings or guidance. Shopify, Toast, Palantir and several others come to mind, however today I’d like to keep to our theme of the Metaverse.
With $FB Meta’s stock in decline due to Ad-regulations, a declining user base and competitive pressures from TikTok, the “Metaverse” is not looking so bright at the moment.
While companies like Unity $U likely have the inside edge on the Metaverse, a few surprisingly small companies have some real skin in the game. One of these is Matterport, that is down so far 16% today.
Matterport has a high IQ when it comes to fitting physical spaces into virtual spaces. Matterport, Inc., a spatial data company, focuses on digitizing and indexing the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces.
If you believe the Metaverse has real potential, as this stock drops below $5 you might want to take a closer look and do you full due diligence on it.
What follows is deeper analysis on this name for premium StockQuest subscribers.
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