According to @StockMKTNewz, Meta’s three largest deals are Instagram for about $1B in 2012, WhatsApp for about $19B in 2014, and Oculus VR for about $2B in 2014, source: Meta company announcements dated April 9, 2012; February 19, 2014; March 25, 2014. For traders, these assets underpin Family of Apps scale that Meta highlights as core to engagement and monetization, source: Meta 2024 Form 10-K product overview. Oculus is within Reality Labs, where Meta said operating losses will increase meaningfully year-over-year in 2024, a margin headwind relevant to META positioning, source: Meta Q3 2023 earnings release. Crypto impact: metaverse tokens rallied after Meta’s rebrand, with Reuters noting sharp gains in MANA and SAND in late 2021, so VR and metaverse updates from Meta can move those tokens, source: Reuters November 2021 coverage of metaverse token surge. Regulatory risk persists as the U.S. FTC’s antitrust suit challenging the Instagram and WhatsApp purchases continues, a headline overhang for META and metaverse-linked trades, source: U.S. Federal Trade Commission announcement January 11, 2022.