YCG Investments
Brian Yacktman comments on Facebook 10 years after IPO

Brian Yacktman comments on Facebook 10 years after IPO

“My concerns with regards to the metaverse are that investments are more akin to drilling for oil wells — you might come up empty-handed, you might strike it rich,” said Brian Yacktman, chief investment officer of YCG Investments, which oversees more than $1 billion in assets……

Yacktman still owns Meta shares, but his firm hasn’t added to its position in quite a while. He says the sell-off reflects the market’s view that the metaverse is a cash sinkhole and little more than a Zuckerberg plaything.