đ Mark Zuckerberg's fortune has grown to a staggering $201 billionâsixfold in just two years, thanks largely to a 60% surge in Meta Platforms Inc. stock. He's now the fourth-richest person in the world, behind Jeff Bezos, Bernard Arnault, and Elon Musk.
đ Despite its financial success, the metaverse remains controversial. Many argue that Zuckerberg's wealth growth is largely due to AI, not the metaverse.
đŒ Meta has made a number of financial changes, including a $50 billion stock buyback and a 25% layoff. Despite the difficulties, Zuckerberg still believes in the metaverse, viewing it as a long-term project. However, some shareholders believe he should focus on the core businessesâFb, Instagram, WA.
đĄ As Meta launches new technologies like the Quest 3 VR headset and Ray-Ban smart glasses, investors remain wary and expect faster returns. Metaâs future success depends on its ability to combine new technologies with the profits of its existing platforms.
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