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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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