Zuck's $12 billion most improved award
Автор: Maximal Tech
Загружено: 2023-02-06
Просмотров: 6727
Описание:
#technews #news #tech #technology #meta #facebook #vr #markzuckerberg #zuckerberg #billionaire #money #richest #finance #economy #business #startups
Mark Zuckerberg had a horrible 2022. He took incredibly bold leaps into AR and VR, and investors simply got spooked. Meta’s stock crashed, and Zuckerberg himself lost $90 billion of his net worth over the course of a single year.
On top of that, the early demos of his metaverse were mocked relentlessly online, and he ultimately had to tearfully lay off 11,000 employees from Meta.
But as of last week, it seems like Zuckerberg’s fortunes may finally be changing. Meta stock rocketed 20% up in a single day, netting Zuckerberg $12 billion.
What happened? Well, although Meta reported declining sales and said they lost $14 billion on VR, the company did beat their (relatively low) revenue expectations.
This was enough to restore some investor confidence. In other words, Zuckerberg spent 2022 lowering the bar, and finally cleared it.
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