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Down Sharply, Matterport Might Become a Buyout Target

April 28, 2022
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Read Time:
2
min

The Matterport name is synonymous with 3D graphic tours. The company has an established record of success in delivering software that is hardware agnostic, as well as offering their own popular Matterport Pro2 3D camera. Potential clients can poke around these virtual environments that offer a futuristic way for realtors to show off their wares.

While real estate professionals might have been familiar with Matterport, the general public was not. That changed overnight when the metaverse took over all the headlines. After all, the idea of virtual companies was news to the ears of a brand that already creates re-creations of astounding virtual buildings and spaces for others to explore.

Although Matterport has almost unlimited use cases, critics have expressed doubt about the metaverse and whether it will be as valuable as first expected. Multiple factors account for Matterport stock collapsing from $37 a share to nearly $8. Many believe this could lead to a buyout, ultimately changing the company forever.

It's impossible to know whether the company will merge, be sold, or try to independently manage its challenges. That's why we want to know what you think. Is the metaverse going to thrive and cause prices to rise again? Is Matterport in deep water? Whatever happens, it's sure to change the real estate world.

Learn more about the situation here: https://lnkd.in/gP6RJxea