Mark Zuckerberg drops to sixth-richest after Meta stock slides
A stock dip comes after Reuters reported Meta estimated a chunk of revenue would come from running fraudulent ads.
A stock dip comes after Reuters reported Meta estimated a chunk of revenue would come from running fraudulent ads.
Threads surpassed X in daily active users on mobile devices worldwide for the first time by a razor-thin margin late September, though now Threads has since extended its lead by millions of users.
After a volatile April for U.S. stocks, a guide to which of the world’s top ten richest came out ahead–and whose fortunes fell.
The layoffs will reportedly not impact the company’s division developing next-generation AI models.
While the number of daily active users for Threads has steadily grown in the two years since it launched, X’s numbers have declined considerably.
Elon Musk is not on the guest list released by the White House.
At Meta, a chaotic culture and lack of vision have led to brain drain, with rivals saying its AI talent is lacklustre. But Zuckerberg’s frenzied hiring spree hasn’t stopped the departures.
Zuckerberg’s stake in his company surged after Meta’s earnings smashed Wall Street’s estimates.
Wall Street expected double-digit annual increases for Meta’s revenue and EPS.
The lawsuit targets billionaires including Zuckerberg, Sheryl Sandberg, Marc Andreessen, Peter Thiel and Reed Hastings—along with Biden’s former chief of staff.