Welcome to Tech Check Weekly. We bring you up to speed on the biggest story in

tech and investing. This week we're looking at Wall Street's love-hate relationship with Meta, the company formerly known as Facebook.

Today, could Mark Zuckerberg be at another and perhaps his biggest inflection point.

What investor Brad Gerstner calls a

refounding moment akin to Steve Jobs coming back to Apple. Put another way,

is Zuckerberg on the right path to unlock the mojo-dron needed to win in the age of artificial intelligence.

Let's take a look.

Last year, Wall Street hated Meta so much, it lost two-thirds of its value.

This year, it's nearly made all of that back. But really the fickle relationship goes back even

further all the way back to its IPO.

Facebook spent the first year of its life as a public company trying to convince

investors that it could keep up with the shift to mobile. Later, it lost its cool

factor. But ads were ultimately extremely profitable and it turned Facebook into a

cash printing machine until Apple came along with its privacy changes that upended the entire business model. So Zuckerberg turned to the

Metaverse. We basically believe that the Metaverse is going to be the successor to the mobile internet.

You're going to be able to access the Metaverse from all different devices.

Within the Metaverse, you're going to be able to hang out, play games with friends, work, create, and more.

And investors, well, they hated it.

I don't think most investors believe in this investment, believe it, maybe they believe in it, but they believe it's

uninvestable over the course of the next five plus years because this is 10 years

out. And if we're being honest here, more than they hated the hype around the Metaverse what they really

hated was its price tag at one point the company vowed to spend 10 billion dollars a year

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