Shulou(Shulou.com)11/24 Report--

Phoenix New Media Technology News Beijing time on October 18 news, the movie "big short" prototype, famous investor Michael Berry (Michael Burry) said a few days ago, Facebook parent company Meta difficult transition to meta-universe, just like Coca-Cola gave up the original formula. Berry is known for his success in shorting the US mortgage market before the subprime crisis in 2008.

Right now, Meta CEO Mark Zuckerberg (Mark Zuckerberg) is widely questioned for investing billions of dollars in meta-cosmic technology. Meanwhile, Meta shares have plummeted this year amid signs that the number of users on Meta's flagship social media platform is declining.

"Meta seems to have a 'new cola' problem." Berry tweeted on Saturday. He was referring to Coca-Cola's infamous decision in 1985 to abandon traditional soft drinks and adopt a new recipe called "New Coke". The decision caused an uproar, and Coca-Cola finally returned to the original formula. Coca-Cola called the incident "one of the most unforgettable marketing mistakes of all time" in a blog post in 2021.

Berry did not elaborate in his tweet, but he should have hinted that Meta's decision to shift its attention away from the social media platform that drives its dominance was an equally serious mistake.

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