Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings. Meta’s stock plunged 26%, erasing over $200 billion in the largest-ever single-day market value wipeout for the US […]
Ark Invest, which was founded by millionaire investor Cathie Wood in 2014, bought 197,259 shares in the Meta stock. The shares are estimated to be worth $63.83 million. On Friday, shares of the company closed 2.1% higher at $323.57 per share, with Meta set to change its stock ticker from FB to MVRS from December […]
The company said the new name would better encompass what it does as it expands its reach beyond social media and focuses on areas such as virtual reality (VR). While the name change will not apply to the company’s individual platforms, such as Facebook, WhatsApp, and Instagram, the rebrand has nonetheless prompted backlash. The move […]
On arrival at the city of Thebes, Oedipus encountered the great sphinx. If Oedipus could answer the sphinx’s riddle, he would be able to enter; if not he would be devoured. In the age of deep tech, our heroes are those who have undertaken their own personal odysseys to become billionaire founders of unicorn startups. […]
Forbes reported that Mark Zuckerberg has lost $5.9 billion off the back of the global outage of Facebook, Instagram, and WhatsApp, with the company’s share price slipping 4.8% following the interruption of service. The outage is also expected to prove costly for Facebook from a sales perspective. The company makes approximately $330 million per day […]
Image by Alessio Jacona from Rome, Italy - Mark Zuckerberg, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=72121838 Frugality or thriftiness might not be words commonly associated with the ultra-wealthy, yet a small subset of the world’s richest people are well-known for their penny-pinching habits. Arguably, it is this characteristic that has enabled them such huge financial success in […]
Monday’s decision allowed the social media giant to cross the $1 trillion threshold in market value for the first time ever. The rising shares are a cause for celebration for shareholders and CEO Mark Zuckerberg alike. The 4.1% stock price increase has added $5.1 billion to Zuckerberg’s name. However, the federal judge’s decision and the […]
The #StopHateForProfit campaign has picked up steam as major brands have pulled ads from Facebook in condemnation of the social media platform’s inadequate content moderation.
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