American investor Michael Burry attacks Meta, claims it 'has a new coke problem'

American tech giant Meta, formerly the Facebook company, has received flak from US investor Michael Burry. Michael Burry claimed that Coca-Cola's problem is badly affecting the Meta.

Burry was indicating a decision taken by the Coca-Cola company back in 1985. Where they updated the recipe for coke, but this decision was eventually cancelled, and they came back to their old recipe. And this decision is highlighted in bold letters as one of the most failed decisions in history.





Burry did not elaborate in the tweet, and he suggests that, in his view, the primary focus of Meta's decision is to move from social media platforms. And the magnitude of this blunder by Meta.

This August, Burry revealed that he has no money invested in Facebook's holdings. Burry is called "The Big Short" as he dared to bet on the US housing market ahead of the recession. And he was a stakeholder in the Facebook parent of about $12.9 million. But Mark did not change his decision to invest in Metaverse, despite the suggestions and recommendations.

The latest update is that Meta is freezing all the hires and has begun quite layoffs to cut down the expenses.

FAQs:

What is Meta?
Technology Company.

Who founded Facebook?
Mark Zuckerberg.

Who is Burry?
American investor.