Mark Zuckerberg’s fortune increased by $44 billion in the first five months of the year. Photo: Bloomberg.2022 is the year that CEO Mark Zuckerberg of Meta focuses on the metaverse, especially investing heavily to lead the field of virtual reality.
As a result, the metaverse spent too much, causing his fortune to evaporate by $100 billion in just one year. This is an alarming decline in wealth for a technology CEO who once made the list of the 3rd richest billionaire in the world.
By 2023, Mark Zuckerberg’s focus had returned to the real world by mass layoffs at Meta and determined to become a Twitter rival.
This change effort helped Meta stock rebound, and Mark Zuckerberg’s fortune also increased by $ 44 billion in the first 5 months of this year alone. Most of his wealth comes from the number of shares he holds. This is the largest growth in personal wealth in the Bloomberg
This is the largest growth in personal wealth in the Bloomberg Billiona
Even with a slight drop on May 19 on the New York Stock Exchange, Meta’s stock is still one of the S&P 500’s two best growth stocks to date in 2023 thanks to the efficient optimization strategy that the CEO has put in place. Mark Zuckerberg proposed.
Mark Zuckerberg mourns 44 companies 1Mark Zuckerberg’s fortune surged thanks to the recovery in Meta’s share price. Photo: Bloomberg.Year-to-date, the group’s shares have increased 102%, currently at $245.64 per share. This has helped the billionaire’s fortune double, reaching $ 89.9 billion. Besides, he also returned to the top 20 richest billionaires in the world.
According to Bloomberg, the Instagram company Meta is planning to launch a new application, which will compete directly with Twitter in June. This app will not focus on photo sharing like Instagram but rather a “text-based” news app.
The new App is being tested by celebrities and influencers. The app has been secretly released to certain content creators, the insider said.
Specifically, according to Lia Haberman at the University of California System, USA, the news application will work independently of Instagram but still allow linking to existing accounts, even compatible with competing Twitter applications. like Mastodon. She also leaked some screenshots of the app.
“In the past, we’ve always known that Meta likes to mimic and bring features from other apps that they think users will love about their apps,” the expert said.
Elon Musk once mentioned wanting to turn Twitter into an all-in-one app with many hidden features beyond traditional posts. “Based on their habit of imitating others, it is very likely that Meta will go ahead by consolidating the entire experience they are building and developing,” said Lia Haberman.
Mark Zuckerberg mourns 44 companies 2Instagram is testing an app that competes with Twitter. Photo: Lia Haberman.Bloomberg Intelligence analysts Mandeep Singh and Damian Reimertz say Meta has many winning advantages over Twitter over other smaller social media companies.
“Meta will face challenges when pulling Twitter users to its platform, but this is also a potential risk for Twitter when this social network has suffered a lot of losses because of monthly user fees,” said the expert. commented.
In a May 15 report, Loop Capital Markets analysts Rob Sanderson and Alan Gould said that the outlook for the upcoming Meta revenue is very positive. They predict the share price will reach 320 USD/share, up sharply from 245.64 USD at the end of the trading session on May 19. “We think Meta’s product will return to its former glory,” the two analysts said.Xem thêm về văn bản nguồn nàyNhập văn bản nguồn để có thông tin dịch thuật bổ sungGửi ý kiến phản hồiBảng điều khiển bên
