{"id":138214,"date":"2024-09-30T22:00:15","date_gmt":"2024-09-30T19:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138214"},"modified":"2024-09-30T17:11:26","modified_gmt":"2024-09-30T14:11:26","slug":"zuckerbergs-wealth-soars-to-201b-as-meta-shifts-focus-to-ai-and-metaverse","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/zuckerbergs-wealth-soars-to-201b-as-meta-shifts-focus-to-ai-and-metaverse\/","title":{"rendered":"Zuckerberg&#8217;s Wealth Soars to $201B as Meta Shifts Focus to AI and Metaverse"},"content":{"rendered":"<p>Since Meta\u2019s rebranding from Facebook in 2021, the company\u2019s stock price has surged to about $567 per share, recovering from its November 2022 low of $88.<\/p>\n<p>The initial shift to focus on augmented reality and AI led to a sharp drop in Meta\u2019s stock, with prices falling from around $300 to their lowest point in late 2022. However, the tech landscape has since evolved, with major players like Apple, Google, Nvidia, and Microsoft joining the race to develop metaverse hardware.<\/p>\n<p>As of September 2024, Zuckerberg\u2019s wealth puts him just behind Elon Musk, Jeff Bezos, and Bernard Arnault, according to <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-28\/zuckerberg-s-metaverse-gamble-pays-off-with-201-billion-fortune?srnd=wealth\" rel=\"nofollow\">Bloomberg<\/a><\/strong>.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-138203\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>At the Meta Connect event in late September, Zuckerberg introduced the Orion augmented reality glasses, which project a digital interface over real-world objects. He also showcased the more affordable Quest 3S virtual reality headset, set to replace the older Quest 3 model.<\/p>\n<p>Despite the rise in stock price since the rebrand, Meta reduced its metaverse budget by 20% in mid-2024 and instructed Reality Labs to cut costs further by 2026. The division has lost $60 billion since 2019, facing challenges with profitability amid a shift toward AI applications.<\/p>\n<p>Zuckerberg has emphasized the company\u2019s renewed focus on AI, including the release of an advanced open-source AI model and continued success with AI-integrated products like the Ray-Ban Meta smart glasses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Zuckerberg, the tech visionary behind Meta, now ranks as the fourth-richest individual globally with a fortune of $201 billion, thanks to the company\u2019s pivot to metaverse technology and artificial intelligence.<\/p>\n","protected":false},"author":3,"featured_media":23292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[108],"coin_category":[],"class_list":["post-138214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zuckerberg&#039;s Wealth Soars to $201B as Meta Shifts Focus to AI and Metaverse<\/title>\n<meta name=\"description\" content=\"Mark Zuckerberg, the tech visionary behind Meta, now ranks as the fourth-richest individual globally with a fortune of $201 billion...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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