Apple stocks increase as CEO says its investing in the metaverse
The stock price of the giant company Apple has been on the increase lately and the cause of it stated by the CEO Tim cook was investing on metaverse. Well who doesn’t want to secure the bag?
Tim Cook also highlighted that the company is open to explore new and emerging technologies in an interview that was conducted in Q1 2022 earnings call.
He was also asked by the managing director at Morgan Stanley if Apple was thinking about the metaverse opportunity but Tim Cook responded by saying that was a big question. Well after these interviews and statements was made the stock price of Apple skyrocketed from $159 to 5 that’s about 4% increase.
This shouldn’t be new or I shouldn’t be surprised after the CEO of Apple admitted that he owns Bitcoin and Ethereum in November last year. He admitted at the DealBook conference when he was asked by Andrew Ross Sorkin if he owns any type of crypto.
And in response to that he said “I do. I think it’s reasonable to own as part of a diversified portfolio.” Cook went on to say he is not giving anyone investment advice on the matter.
The reason for him owning crypto according to him is that he finds it interesting and that he has been doing research on it for a while and he also made it clear that the company has no plans for accepting payments in crypto or investing on it
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https://twitter.com/Sweetboydave2/status/1487073815297466368
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Everyone is saying they are investing in the Metaverse.
It is such a ridiculous concept at this point.
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So you saying they are looking for attention and not really investing?
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