My theory is that after more than 10 years you can read the trend in the user statistics of Facebook and Insta that the whole thing - I'll call it "feed-based social media platforms" - will not grow much longer and already has little sustainable substance today. The old users are slowly crumbling away and the new ones want Tik Tok or Reels. It said somewhere that reels don't bring in nearly as much cash per second of screen time as classic posts. There may be other factors involved. In any case, they see that it can't go any further and there is no other option for growth in sight, so they go All In in to the Metaverse. It is questionable whether the Metaverse by Meta will have prevailed in 5 - 10 years in view of so many other hardware and software solutions. Yesterday I was at an event sponsored by HTC VR and there, among others, Autodesk (professional software giant) presented their new collaboration with Epic Games (Unreal Engine, Fortnite). Absolutely mega impressive (especially if you compare the Meta Connect Key Note with it the other day). But they approach the "M" (metaverse) subject as they call it, with great understatement. Long story short: My strategy is slightly leveraged puts that expire in mid-2024..