VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Mark Zuckerberg has lost half his fortune since he announced the metaverse

admin by admin
September 25, 2022
in IT news
0
Mark Zuckerberg has lost half his fortune since he announced the metaverse
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

Mark Zuckerberg is sure that the metaverse is the future of human interconnections… but apparently the world is not ready for his vision. Since the creator of Facebook announced the change of his company’s name to Meta and his future plans, he has lost more than 50% of his fortune.

According to information from the Bloomberg Billionaires Index, Mark Zuckerberg lost 14 places in the list of the richest in the world over the past 8 months, moving from 6th place to 20th. Zuckerberg has had a loss of $14 MMDD, which represents the most drastic drop of anyone on that list, surpassing even Jeff Bezos, who lost $46 MMDD and incidentally the 2nd. place.

Bloomberg Billionaires Index

At some point, the creator of Facebook became the third richest man in the world, behind only Jeff Bezos and Bill Gates. But now, Zuckerberg must be content with a fortune of $55 MMDD and the twentieth place, the lowest he has had since 2014.

There are several factors that led to this situation. First of all, there is the very strong investment that Meta is making in research to develop the promised metaverse. In 2021, the company invested more than $10 MILLION, but net losses are expected to last at least 3-5 years.

Another important reason is that Facebook is simply not what it used to be: fewer and fewer people are using the app, so ad revenue is lower. In the same way there is the great threat that TikTok represents; and although Instagram has evolved with the Reels as a response, again the advertising revenues in that type of content are lower.

Will Zuckerberg decide to change his strategy to recover the status quo a little or will he really be willing to risk everything for the metaverse?

Previous Post

Europe’s most valuable chip start-up attacks Nvidia

Next Post

Nintendo launches official Twitter account for Latin America

admin

admin

Related Posts

What are the advantages of software development by a dedicated team and by outsourcing
IT news

What are the advantages of software development by a dedicated team and by outsourcing?

March 20, 2023
Samsung reveals how the Galaxy Watch takes care of your sleep
IT news

Samsung reveals how the Galaxy Watch takes care of your sleep

March 20, 2023
Pallet offers with cheap electronics are mostly fake
IT news

Pallet offers with cheap electronics are mostly fake

March 14, 2023
Bill Gates was so addicted to Minesweepers, they had to cheat to stop him
IT news

Bill Gates was so addicted to Minesweepers, they had to cheat to stop him

March 14, 2023
Cashback Services
IT news

Top Cashback Services

March 13, 2023
Next Post
Nintendo launches official Twitter account for Latin America

Nintendo launches official Twitter account for Latin America

Premium Content

“Galaxy” begins the project of implementation of DIRECTUM at ALIDI group

“Galaxy” begins the project of implementation of DIRECTUM at ALIDI group

June 27, 2020
ZOTAC launches version 2.0 of its VRGO Backpack PC Sent by the community

ZOTAC launches version 2.0 of its VRGO Backpack PC Sent by the community

November 29, 2021
Joe Biden becomes the new President of the United States, but trump does not accept defeat

Joe Biden becomes the new President of the United States, but trump does not accept defeat

November 11, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • What are the advantages of software development by a dedicated team and by outsourcing?
  • Samsung reveals how the Galaxy Watch takes care of your sleep
  • Pallet offers with cheap electronics are mostly fake

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?