Meta Triumphs in Major Shareholder Lawsuit

October 25, 2024
Meta Triumphs in Major Shareholder Lawsuit: A New Dawn for the Social Media Giant? In a significant victory for Meta Platforms, the tech titan has successfully defeated a high-profile shareholder lawsuit, sending ripples through the financial and tech communities. The lawsuit, which accused the company of mismanagement and failing to safeguard investor interests during a […]
Read the full article

Meta Halts Development of Innovative “Facebook Smartwatch”

June 9, 2022
Facebook-owner Meta has reportedly halted the development of its smartwatch which was initially scheduled to be released in spring 2023. It had been in development for around two years.  Like other smartwatches, it would feature activity tracking and music playback, but would also be linked to Meta’s platforms and would have a dual camera, setting […]
Read the full article

We’ve Been Here Before: What Mark Zuckerberg’s “Metaverse” Can Learn From Web 1.0

February 8, 2022
Robert Nash, Founder of 4 Roads, explains what the metaverse can learn from Web 1.0. The World Wide Web opened up a treasure trove of opportunities for businesses and consumers. Just think of the dot-com boom. It had a huge economic, business, social and cultural impact. Some experts are anticipating similar results from Mark Zuckerberg’s […]
Read the full article

Bezos Pockets $20 Billion While Zuckerberg Loses $29 Billion

February 4, 2022
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 […]
Read the full article

Metaverse Real Estate Sales Exceed $500 Million In 2021

February 2, 2022
According to MetaMetric Solutions, real estate sales on the four major metaverse platforms hit $501 million in 2021 while sales in January 2022 topped $85 million. At this pace, MetaMetric Solutions projects that sales could reach almost $1 billion this year.  The recent surge in sales was sparked by Facebook’s October announcement that it was […]
Read the full article

Meta Is Building The World’s Fastest AI Supercomputer, Says Zuckerberg

January 25, 2022
In a blog post, Zuckerberg said that the metaverse, a concept that combines the physical world with the digital world via virtual and augmented reality, requires “enormous” computing power. Meta’s AI supercomputer, nicknamed the “AI Research SuperCluster” (RSC), is already the fifth fastest in the world, according to the company. Meta researchers have said they […]
Read the full article

Bill Gates Predicts Most Office Meetings Will Soon Take Place In The Metaverse

December 13, 2021
The billionaire business magnate shared his thoughts on the metaverse in a year-in-review post published on his personal website.  “Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3D […]
Read the full article

Zuckerberg And Chan To Invest Up To $3.4 Billion For Science Advances

December 8, 2021
On Tuesday, a spokesperson for the company that runs the philanthropy of Facebook CEO Mark Zuckerberg and wife Priscilla Chan announced plans to invest up to $3.4 billion to advance human health over the next 10 to 15 years.  The Chan Zuckerberg Initiative (CZI) announced its latest endeavour to “observe, measure, and analyze any biological […]
Read the full article

Cathie Wood Snaps Up $63.8 Million In Facebook Amid Metaverse Ambitions

November 1, 2021
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 […]
Read the full article

Mark Zuckerberg Announces Facebook’s New Name As Meta

October 29, 2021
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 […]
Read the full article

The Dangers Of Putting Profit Before Customers

October 25, 2021
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. […]
Read the full article

Elon Musk Reclaims Title Of World’s Richest Person As Tesla Stock Hits An 8-Month-High

October 20, 2021
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
Read the full article

About CEO Today

CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.

Follow CEO Today

chevron-right-circle