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Mark Zuckerberg’s Fortune Soars To $201 Billion—A Metaverse Masterstroke


Mark Zuckerberg’s journey into the metaverse has not gone well. His once risky bet, which cost him more than $100 billion, seems to be paying off handsomely now.

His net worth has skyrocketed to $201 billion in less than two years, nearly sixfold. The soaring stock price of Meta Platforms Inc., which is up nearly 60% this year alone, is a major impetus for this attack.

As a result, Zuckerberg has become the fourth richest person in the world, behind only Jeff Bezos, Bernard Arnault and Elon Musk.

The Metaverse: A Mixed Bag

Despite these staggering numbers, the metaverse remains fraught with controversy. Although Zuckerberg insists that it is the future of social media, many remain skeptical about it.

Some skeptics think that Meta’s performance has produced more losses than gains. Some critics have argued that Zuckerberg’s wealth was less in the concept of the metaverse itself than in his efforts to capitalize on the recent leap in AI.

It is interesting that Meta is making major efforts towards financial stability. This includes the implementation of its 50 billion share buyback program and also cutting 25% of its workforce to improve the organization.

The total crypto market is currently $2.2 trillion. Chart: TradingView

A Shift In Focus?

Zuckerberg continued to support the metaverse despite the financial crisis. He has passionately discussed bridging the real and virtual worlds at recent events, envisioning a time when people communicate through holograms or avatars.

Still, minority shareholders and insiders advise caution. They have expressed reservations about investing more money in what many see as a project that is far from being widely accepted.

In addition, there is a growing belief that Zuckerberg should focus on Meta’s main programs, which generate almost all of the company’s revenue: Facebook, Instagram, and WhatsApp.

As the tech industry becomes more competitive—especially with rivals like Google and Amazon making major advances in artificial intelligence—Zuckerberg may want to rethink his goals.

I’m looking forward

As Meta continues to introduce new products, such as the Quest 3 VR headset and Ray-Ban smart glasses, these innovations should ultimately help the business increase revenue.

However, many investors who would rather see profits sooner rather than later have serious doubts. The company’s future prosperity will largely depend on its ability to incorporate new technologies into its current systems.

Featured image from Fortune, chart from TradingView



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