Why a new metaverse ETF wants nothing to do with Facebook’s Meta

Why a new metaverse ETF wants nothing to do with Facebook’s Meta

Facebook parent Meta (FB) wants to be the first company you think of when you hear the word metaverse, the nascent 3-D virtual world that could be the future of the internet. Heck, it’s why Meta CEO Mark Zuckerberg changed the social media giant’s name to Meta in late 2021.

But according to Subversive Capital founder and CIO Michael Auerbach, Zuckerberg’s efforts will fall flat.

“We actually believe that Meta isn’t the company that’s building out the Metaverse,” Auerbach told…


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