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2021-12-28
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Mark Your Calendars for BIDU Stock’s Next Big Metaverse Catalyst… in 6 Years
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It caused Facebook to rebrand to","content":"<p>The metaverse is proving to be a space of incredibly high interest. It caused Facebook to rebrand to <b>Meta Platforms</b>(NASDAQ:<b><u>FB</u></b>). Crypto metaverses like <b>Decentraland</b>(CCC:<b><u>MANA-USD</u></b>) and <b>Sandbox</b>(CCC:<b><u>SAND-USD</u></b>) are cropping up left and right. And now, it looks like other big tech firms are becoming infatuated with the space.<b>Baidu</b>(NASDAQ:<b><u>BIDU</u></b>) is one such company looking to secure a seat at the table. But, as it turns out, it’s less ready for the metaverse than it had previously anticipated. BIDU stock might be a metaverse play for investors, but it’s a longer-term bet.</p>\n<p>Founded in 2000, Baidu has become one of the biggest tech plays in China. The company’s search engine is one of the most used in the world, and like its American counterpart in <b>Alphabet</b>(NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>), it is always looking into new ways to beef up its products.</p>\n<p>The metaverse is one of the newest and most rapidly growing technologies in the world. And as such, it’s a ripe space for companies like Baidu to enter.</p>\n<p>BIDU Stock Eyes Metaverse Catalyst Far Down the Road</p>\n<p>In a way to compete with both decentralized and centralized metaverse spaces, Baidu is promising a metaverse of its own. However, this particular BIDU stock catalyst is much further off than the company first promised.</p>\n<p>On Dec. 10, Baidumade the bombshell announcement that it was going to have a metaverse ready by the end of the month. The bullish announcement included promise of a virtual event that would accommodate up to 100,000 attendees. This event would be held through its new metaverse app, Xirang.</p>\n<p>As the end of the month approaches though, it’s looking like Baidu has a lot more work in store. The Xirang app is not fully developed. Not only this, but it’s actually <i>years away</i> from being fully ready. Baidu’s Vice President, Ma Jie, is breaking some hard news to investors.</p>\n<p>Ma says the company will need at least six years to fulfill its promise of a robust metaverse. Ma also says the app will not support the cryptocurrencies and digital property assets ubiquitous to other metaverse platforms. This isn’t terribly surprising, given the Chinese government’s harsh stance on these types of assets.</p>\n<p>Of course, this is jarring news for investors to digest, especially after a surprise announcement that promised so much, so soon. Investors should note, however, that Xirang did launch today and did host a developers conference in the app. Betting on the BIDU stock metaverse then is just a long-term play.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Your Calendars for BIDU Stock’s Next Big Metaverse Catalyst… in 6 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Your Calendars for BIDU Stock’s Next Big Metaverse Catalyst… in 6 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-28 10:23 GMT+8 <a href=https://investorplace.com/2021/12/mark-your-calendars-for-bidu-stock-next-big-metaverse-catalyst-in-6-years/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The metaverse is proving to be a space of incredibly high interest. It caused Facebook to rebrand to Meta Platforms(NASDAQ:FB). Crypto metaverses like Decentraland(CCC:MANA-USD) and Sandbox(CCC:SAND-...</p>\n\n<a href=\"https://investorplace.com/2021/12/mark-your-calendars-for-bidu-stock-next-big-metaverse-catalyst-in-6-years/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/12/mark-your-calendars-for-bidu-stock-next-big-metaverse-catalyst-in-6-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163194330","content_text":"The metaverse is proving to be a space of incredibly high interest. It caused Facebook to rebrand to Meta Platforms(NASDAQ:FB). Crypto metaverses like Decentraland(CCC:MANA-USD) and Sandbox(CCC:SAND-USD) are cropping up left and right. And now, it looks like other big tech firms are becoming infatuated with the space.Baidu(NASDAQ:BIDU) is one such company looking to secure a seat at the table. But, as it turns out, it’s less ready for the metaverse than it had previously anticipated. BIDU stock might be a metaverse play for investors, but it’s a longer-term bet.\nFounded in 2000, Baidu has become one of the biggest tech plays in China. The company’s search engine is one of the most used in the world, and like its American counterpart in Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL), it is always looking into new ways to beef up its products.\nThe metaverse is one of the newest and most rapidly growing technologies in the world. And as such, it’s a ripe space for companies like Baidu to enter.\nBIDU Stock Eyes Metaverse Catalyst Far Down the Road\nIn a way to compete with both decentralized and centralized metaverse spaces, Baidu is promising a metaverse of its own. However, this particular BIDU stock catalyst is much further off than the company first promised.\nOn Dec. 10, Baidumade the bombshell announcement that it was going to have a metaverse ready by the end of the month. The bullish announcement included promise of a virtual event that would accommodate up to 100,000 attendees. This event would be held through its new metaverse app, Xirang.\nAs the end of the month approaches though, it’s looking like Baidu has a lot more work in store. The Xirang app is not fully developed. Not only this, but it’s actually years away from being fully ready. Baidu’s Vice President, Ma Jie, is breaking some hard news to investors.\nMa says the company will need at least six years to fulfill its promise of a robust metaverse. Ma also says the app will not support the cryptocurrencies and digital property assets ubiquitous to other metaverse platforms. This isn’t terribly surprising, given the Chinese government’s harsh stance on these types of assets.\nOf course, this is jarring news for investors to digest, especially after a surprise announcement that promised so much, so soon. Investors should note, however, that Xirang did launch today and did host a developers conference in the app. Betting on the BIDU stock metaverse then is just a long-term play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1310,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/696666843"}
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