Mark Zuckerberg made $44 billion rich
Mark Zuckerberg, the head of the American corporation Meta Platforms, has increased his wealth by $44.3 billion this year, the largest and fastest growth among other billionaires.
Bloomberg reported.
As noted, Metastock shares rose sharply amid cost cuts and planned new products.
"Last year, Mark Zuckerberg went all-in for the metaverse and was willing to do a lot to dominate virtual reality. And it cost him a lot of money," the material says.
According to the publication, at one point, Zuckerberg's fortune fell by more than $100 billion, which is a staggering figure for a millennial who was the third richest person in the world just a few years ago.
Until now, Zuckerberg has been focused on the physical world, first cutting costs at his Meta Platforms Inc. and now working on a real competitor to Elon Musk's Twitter, Bloomberg reports.
Thus, Instagram's Meta platform plans to launch a network that will compete with Twitter next month. According to people with knowledge of the matter, the text application is already being tested with celebrities and influencers.
As a reminder, the media published a scandalous investigation that claims that billionaire Mark Zuckerberg "lives in his own closed world," does not communicate with anyone except his inner circle, and does not allow any of his team to argue with him.
Earlier, the company Meta, which owns Facebook, laid off more than 11 thousand employees as part of massive layoffs.
As reported by The Gaze, Alphabet has announced that Google will delete accounts that have been inactive for at least two years.
As noted, this innovation is related to the company's intentions to protect user data, since if an account has not been used for a long time, it is likely to be hacked.
The company's internal analysis shows that abandoned accounts are at least 10 times less likely to set up two-step verification than active accounts. This means that these accounts are often vulnerable, and when an account is compromised, it can be used for anything from identity theft to transmitting unwanted or even malicious content, such as spam.