Meta is currently trading at approximately $567 per share at the time of this writing — a more than six-fold increase since the stock's November 2022 lows of roughly $88 per share.
Tech billionaire Mark Zuckerberg is now the world's fourth-wealthiest person with a net worth of $201 billion, following Facebook's 2021 rebrand to Meta and its expansion into metaverse hardware and artificial intelligence.
Meta shares were trading at about $567 as of this writing — a more than six-fold increase from the stock's November 2022 lows of around $88 per share. In the year following the rebrand, Meta's stock fell sharply from trading in the $300 range to the November 2022 lows, reflecting investor sentiment toward the company's pivot to augmented reality experiences and AI development at the time.
Since then, half the world's 10 most valuable companies have started developing metaverse hardware, including Apple, Google, Nvidia and Microsoft.
Zuckerberg's net worth as of September 2024 puts him behind Elon Musk, Amazon founder Jeff Bezos and French businessman Bernard Arnault, according to Bloomberg. Continue reading
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