Melanie Sloan and Christina O’Connell

When Meta’s shares plummeted last week in response to yet another dismal earnings report, most analysts pointed to Mark Zuckerberg’s obsession with the Metaverse as the source of the company’s woes. And while it’s true that Zuckerberg’s Metaverse experiment to date has been underwhelming, these analysts are missing the forest for the trees. Meta has…