The HSBC report "The Metaverse Age" discusses the potential for virtual and augmented reality technology to become the next mass computing platform, similar to the PC and smartphone. The report identifies three major investable areas for the emerging metaverse: delivery (headsets), infrastructure, and content. The report also explores the regulatory landscape, ESG implications, and the HSBC Disruption Framework. The authors expect Facebook (now Meta Platforms) to be a significant contributor to the metaverse, but note that it will take time for the metaverse to become a major part of earnings. The report does not make any changes to earnings or forecasts, but believes that the metaverse has the potential to become a major driver over the long term.