Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "AR"


25 mentions found


Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Ok, now that the "bad" is out of the way, let's look at what investors should really be focused on as they consider what to do with Meta stock. Meta Platforms Why we own it : We value Meta Platforms for its targeted advertising dominance. Notably, Meta AI, the company's version of a ChatGPT-type generative artificial intelligence search/answer engine, now has over 500 million monthly active users. Looking ahead to 2025, the team noted on the release, "We continue to expect significant capital expenditures growth in 2025.
Persons: biggie, that's, China's ByteDance, Mark Zuckerberg, Jensen Huang, Zuckerberg, we're, Meta, it's, haven't, Jim Cramer's, Jim Cramer, Jim, Andrej Sokolow Organizations: LSEG, Meta, People, Management, China's, Reality Labs, Nvidia, ., Facebook, CNBC, Getty Locations: Ray, capex
Meta reported third-quarter earnings on Wednesday, in which it said that its Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion. Analysts polled by StreetAccount were expecting that unit to post an operating loss of $4.68 billion. Reality Labs revenue rose 29% year-over-year to $270 million in the third quarter, below analysts' expectations $310.4 million. Reality Labs primarily makes money through selling Meta's Quest VR headsets and the Ray-Ban Meta smart glasses. After the company's Wednesday earnings report, Reality Labs has an operating loss of more than $58 billion since 2020.
Persons: Mark Zuckerberg, Meta's, Meta, StreetAccount, Ray Organizations: Meta, Orion, Reality Labs, Reality, VR, Facebook, CNBC Locations: Menlo Park , California, U.S
St. Louis police on Monday released a detailed report about a 2022 school shooting that left a student and teacher dead, publicly revealing for the first time the gunman’s struggle with his mental health and hospitalizations over suicide attempts. The 456-page document also outlines concerns raised by Orlando Harris’ family and their attempts to get help. Students stand in a parking lot near the Central Visual & Performing Arts High School in St. Louis, on Oct. 24, 2022. Following the shooting, agents went to the storage unit and found it completely empty. During one session, Harris allegedly talked about shooting people at his old high school, the report says.
Persons: Louis, Orlando Harris, Tanya Ward, Harris, ” Harris, Jean Kuczka, Bell, David Carson, ABACA, Ward, , Orlando H, “ Ward, Harris ’, wasn't, Hetal Patel, Patel, worthlessness, ” Patel Organizations: Louis police, Central Visual, Performing Arts High, Central Visual & Performing Arts High School, Louis Metropolitan Police Department, Authorities Locations: St, Orlando, Louis
Snap shares jump 10% on profit beat, stock buyback
  + stars: | 2024-10-29 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024. Snap said its adjusted earnings for the fourth quarter will be between $210 million and $260 million. Shortly after Snap announced the new Spectacles, Meta CEO Mark Zuckerberg revealed his company's experimental AR glasses called Orion. In a letter to investors, Snap discussed the importance developers play for the company's Spectacles and AR initiatives. Prior to the after-hours pop, Snap shares were down 36% for the year compared to the Nasdaq's 25% gain.
Persons: Evan Spiegel, Mark Zuckerberg, Snap Organizations: LSEG Revenue, LSEG Global, Global, StreetAccount, Snap Locations: Los Angeles
“We’ve got to take a look at what I was left when I became president.” Biden rises to the challenge. Former President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on June 27. “I would say that there was a time period in which it felt like Donald Trump couldn’t lose,” she says. “Donald Trump knows how to turn every moment into victimhood,” pollster Frank Luntz notes on CNN. A crowd waits in the sun for Donald Trump to speak at an event in Butler, Pennsylvania, on July 13.
Persons: Joe Biden, Donald Trump, , Biden, Trump, Jake Tapper, Dana Bash, “ We’ve, ” Biden, Will Lanzoni, CNN’s Kristen Holmes, , He’s, Hunter, They’ve, ” Trump, smirking, Austin Steele, ” Holmes, ” CNN’s John King, Phil Mattingly, Michigan’s Gretchen Whitmer, J.B, Pritzker, Kentucky’s Andy Beshear –, ” Mattingly, gleeful, Ronald Reagan’s, David Chalian, Grover Cleveland, Republican hagiographers, Holmes, Donald Trump couldn’t, slanders, anyone’s, shrugged, “ He’s, nodded, didn’t, pollsters, Team Trump, “ Donald Trump, ” pollster Frank Luntz, ” Donald Trump, Tom Brenner, “ They’re, They’re, Pollsters, Lounging, Hillary Clinton, ” King, , , Gene J, Let’s, “ I’m, Mike DiFrischia, CNN’s Erin Burnett, “ Joe Biden – You’re, Donna Hutz, Anna Moneymaker, MAGA, Corey Comperatore, Helen, David Dutch, James Copenhaver, Thomas Matthew Crooks, Crooks, John Miller, Franklin Graham, “ Trump, Kimberly Cheatle, Zach Cohen, Evan Vucci, chokeholds Organizations: CNN, , Trump, Biden, Democratic, gleeful Trump, Georgia Tech, GOP, Republican, White House, Republican Party, Capitol, Surveys, Team, New York Times, Team Trump, Pew Research, Electoral College, Republican National Convention, Secret, Marine, Bethel Park Skilled Nursing, Rehabilitation Center, Washington Post, Secret Service Locations: United States, Georgia, Trump, , California, Michigan’s Gretchen Whitmer , Illinois, New York, Chesapeake , Virginia, Ukraine, Gaza, Mexico, Atlanta, Florida, Nevada , Arizona, Georgia , Wisconsin , Michigan, Pennsylvania, Butler , Pennsylvania, Ohio, USA, American, America
A Nikki Haley voter in the April GOP primary who will be a Kamala Harris voter a week from Tuesday. “If Trump loses, then I think Republicans will start coming back to what they were,” Pesce said. But London is voting for Harris – the first time she will vote Democrat for president. As she ponders hers, she shares this: “I think Trump is going to win.” That, she said, is based on betting lines, not the polls. “They think at the 11th hour people will have such reservations about Trump that it will cause them to vote for Harris.
Persons: Pennsylvania CNN — Michael Pesce, Pesce, ” Pesce, , Nikki Haley, Kamala Harris, Donald Trump, Harris, Trump, I’m, Michael Pesce, Haley, Joe Biden, , Joan London, Harris –, John King, Biden, Pat Toomey, , Hillary Clinton, Harris Cynthia Sabatini, Sabatini, “ Trump, ” Sabatini, ” Cynthia Sabatini meditates, CNN Sabatini, Harris aren’t, meditates Organizations: Pennsylvania CNN, Coast Guard, Reagan Republican, White, CNN, Republicans, South, Democratic, Trump, Republican, GOP, Biden, Media, Pennsylvania Locations: Tripoli, Pennsylvania, New Tripoli , Pennsylvania, Philadelphia, South Carolina, New Tripoli, Lehigh County, Bucks County, Berks, battlegrounds . Berks, London, Philly, Montgomery County, Wyomissing, Wyomissing , Pennsylvania, Ukraine, , , Berks County, Delaware County, Media , Pennsylvania, , Trump
Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.
Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America
Both companies see massive potential for the technology, with a grand vision for AR glasses to usurp smartphones as the next generation of computing. Microsoft has also invested in AR technology for well over a decade, launching its HoloLens headset for enterprise in 2016. While Snap and Meta have debuted AR prototypes, they're still years away from selling those devices to consumers. Snap similarly plans to invest in building out its ecosystem, renting its AR glasses to developers who commit to paying $99 a month for a year for the Spectacles. Watch the video as CNBC's Julia Boorstin tries Meta and Snap's augmented reality glasses and explores the future of this cutting-edge tech.
Persons: Mark Zuckerberg, Evan Spiegel, Chris Cox, CNBC's Julia Boorstin, Apple, Tuong Nguyen, Gartner, they're, Zuckerberg, We're, We've, Spiegel, Boorstin, Julia Boorstin Organizations: Google, Microsoft, Meta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Meta and Snap think AR glasses will be the future of computingIn September, Meta and Snap both unveiled augmented reality smart glasses. Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel said AR glasses could be the next generation of computing. The tech giants are the first major players to showcase prototypes following years of R&D and significant investments. CNBC's Julia Boorstin got to try Snap's Spectacles and Meta's Orion AR glasses, coming away impressed. But the technology has major hurdles before it can go mainstream.
Persons: Mark Zuckerberg, Evan Spiegel, Julia Boorstin
The first call came in at 6:12 p.m.“Gunshots at the Trump rally,” a woman’s voice exclaims. Law enforcement agents gather at the Butler County rally for former President Donald Trump. Anna Moneymaker / Getty ImagesSecret Service agents later thwarted a second apparent assassination attempt on Trump at his golf course in West Palm Beach, Florida, in September. In the aftermath of the Butler rally shooting, local agencies released some police body camera video from the rally, but none of the recordings from 911 calls surrounding the incident had been disclosed before Wednesday. OK.”Following the shooting, Butler County officials initially denied public records requests from news outlets, citing a provision in the state’s Right to Know Law that generally exempts 911 calls from disclosure.
Persons: Donald Trump, “ We’re, “ He’s, it’s, Trump, Jabin, , Thomas Matthew Crooks, rallygoer Corey Comperatore, Jim Copenhaver, David Dutch, countersniper, Kimberly Cheatle, Joe Biden, Anna Moneymaker, Butler, , He’s, , “ There’s, Joy Ramsingh Organizations: Trump, Washington, Getty, NBC News, Service, Secret Service, “ Paramedics, Butler, , NBC, Scripps News, Intercept Locations: Butler, Butler County , Pennsylvania, Butler County, Bethel Park , Pennsylvania, Trump, West Palm Beach , Florida, Allegheny County, North Carolina
What if Trump Deported Millions of immigrants?
  + stars: | 2024-10-22 | by ( Emma Goldberg | Chase Castor | ) www.nytimes.com   time to read: +6 min
Northwest Arkansas was last year ranked the 15th fastest-growing region in the country, and much of that population growth was driven by immigrant workers. “It’s a popular selling point to the base to say ‘I’m going to round up five million immigrants,’” said Mr. Quiñones, 35. The influx of immigrants into Northwest Arkansas has given rise to a thriving local ecosystem of businesses. Northwest Arkansas is the 15th fastest-growing region in the country, and much of that population growth is driven by immigrant workers. “We don’t have this thinking that people are being displaced,” Mr. Peacock said.
Persons: Diego Quiñones, Quiñones, Quiñones’s, Donald J, Tyson, Trump, JD Vance, Trump’s, , ’ ”, Chase Castor, , Nelson Peacock, Peacock, . Peacock, Vance, Mr Organizations: Walmart, American Immigration Council, Ozark United FC, U.S, The New York Times, Northwest Arkansas Council, Locations: Bentonville, Ark, United States, Mexico, Arkansas, Northwest Arkansas, Springdale, America, Rogers, Downtown Springdale, Iowa, Ar . Northwest Arkansas, The, Fayetteville, Springfield , Ohio
The officer who helped his colleague onto the roof told the task force, “I try to get him up to the roof. A GUY WITH AN AR!’”"To date, the Task Force has not received any evidence to suggest that message reached the former President’s USSS detail prior to shots fired," the task force said in its report. The Secret Service did not immediately respond to NBC News' request for comment. There was also no broader briefing among Secret Service and other law enforcement, the task force said. The panel has requested information and records from the Secret Service, the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Persons: WASHINGTON, Donald Trump's, Thomas Matthew Crooks, Crooks, Trump, , Crooks “, , Donald Trump, Jabin, it's, It's Organizations: Secret Service, Police Department, Task Force, Washington, Getty, Service, NBC, Emergency Services Unit, Trump, FBI, Alcohol, Tobacco, Firearms, Explosives Locations: Butler, Pa, West Palm Beach , Florida
CNN —A year after Collins Dictionary named “AI” its word of the year, the buzz around artificial intelligence is only getting louder. AI and robotics were the big themes at Gitex Global, which bills itself as the world’s largest tech event and ran Monday to Friday last week at Dubai’s World Trade Centre. “I think what (was) very exciting this year (was) the focus on AI and deep tech,” said Trixie LohMirmand, executive vice president of Dubai World Trade Centre and CEO at KAOUN International, which organizes the event. Several companies launched new products at this year’s show, including Dubai-based deep tech company Xpanceo, which debuted the new prototypes of its smart contact lenses. A prototype of an Xpanceo contact lens at Dubai's Gitex.
Persons: , Trixie LohMirmand, Patrick Dennis, hasn’t, Gitex, Organizations: CNN, Collins, Trade, Dubai World Trade Centre, KAOUN, Avaya, Gulf Computer, United Arab Locations: Dubai, United Arab Emirates, Germany, Singapore, Morocco, South Korea, Nigeria
A Georgia grand jury indicted a teenage boy and his father on dozens of charges, including murder, in connection with a mass shooting last month that killed four people at Apalachee High School, officials said Thursday. His father, Colin Gray, was indicted on 29 counts, including second-degree murder, second-degree cruelty to children, involuntary manslaughter and reckless conduct, according to records from the Barrow County District Attorney's Office. Colin Gray at Barrow County courthouse, in Winder, Ga., on Sept. 6, 2024. Colin Gray is being held in the Barrow County jail and his son is being held in a juvenile detention center in Gainesville. Barrow County District Attorney Brad Smith said last month Colin Gray's charges marked the first time in state history a parent of a suspected school shooter was charged.
Persons: Colt Gray, Colin Gray, Brynn Anderson, Gray, Brad Smith, Colin Gray's, Mason Schermerhorn, Christian Angulo, Richard Aspinwall, Cristina Irimie Organizations: Apalachee High School, Attorney's Office, NBC Locations: Georgia, Barrow County, Winder , Georgia, Winder , Ga, Barrow, Gainesville
In the coming days, their efforts may yield a new indictment, a gag order, and a bail decision. Federal prosecutors have signaled they are looking at weapons and drug charges. Combs' indictment alleges he gave ecstasy, ketamine, GHB, and other so-called party drugs to his victims "to keep them obedient and compliant." Federal prosecutors say this is one of three AR-15 rifles with defaced serial numbers seized from Combs' residences in March. They have yet to file a response to Combs' bail appeal.
Persons: Sean Combs isn't, , Sean, Diddy, Combs, Here's what's, Emily Anne Johnson, Johnson, Arun Subramanian, Marc Agnifilo, Agnifilo, Cassandra, Cassie, Ventura, preemptively Organizations: Service, Manhattan, US, Office, Southern District of New York, Southern District of New York Prosecutors, Bad Boy Records, Combs, Prosecutors, of Homeland Security, TMZ, Intercontinental, CNN Locations: Brooklyn, Manhattan, Miami ., Southern District, Los, Florida, Miami, LA
Sense glasses analyze facial expressions and track physical activity and eating habits. Emteq CEO Steen Strand said Sense glasses are not yet available for the consumer market. One company wants to help people wearing smart glasses look inward to gain insights into their own health. Another competitor, Meta, recently announced updates to its Ray-Ban smart glasses and showed off its Orion AR glasses, though those may never be made available to the public. "With most smart glasses, the sensors are looking out, whereas the data we are gathering is looking at the wearer," Nduka said.
Persons: Steen Strand, , Strand, Charles Nduka, Nduka Organizations: Emteq Labs, Service, Snap Inc, Meta, Orion
The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.
Persons: Roundhill, , selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific
The company's 10-year IVAS contract to make goggles for the Army is worth up to $22 billion. HoloLens historyMicrosoft's HoloLens device was unveiled in 2015. While the 10-year IVAS contract was expected to be worth as much as $22 billion, it suffered delays and has been plagued by quality and performance problems . AdvertisementIn September, Microsoft tapped Anduril to help with its military contract. Palmer Luckey, a virtual-reality pioneer who founded Anduril, recently described the IVAS contract as his "top priority."
Persons: , That's, that's, It's, HoloLens, Alex Kipman, Kipman, Panos Panay, Palmer Luckey, Ashley Stewart Organizations: Microsoft, Service, US Army, US Department of Defense, Department of Defense, Google, BI, Amazon, Meta, Apple, Labs, Bloomberg, Breaking Defense Locations: IVAS
The two Harvard students who put facial recognition AI in Meta's Ray-Ban glasses have big ideas. The duo, AnhPhu Nguyen and Caine Ardayfio, are known for their innovative tech projects. AdvertisementTwo Harvard students spooked the world with their demonstration of facial recognition using Meta Ray-Bans. They also built AI into augmented reality glasses that can fact-check a user's statement during an argument in real time. Ardafiyo and Nguyen have big ideas for AI products in manufacturing, construction, and industrial tech spaces, they told BI.
Persons: Meta's, AnhPhu Nguyen, Caine Ardayfio, , Meta Ray, Nguyen, Ardayfio, Ardafiyo, Anthropic's Claude, haven't, Ardifiyo, Adifiyo, That's Organizations: Harvard, Service, Meta Locations: Meta's Ray
Meta's Reality Labs is exploring all kinds of wearable AI tech, CTO Andrew Bosworth says. Reality Labs, known for VR and AR, has also faced budget cuts and layoffs. AdvertisementThe rapid advancement of wearable technology is making it easier to accessorize with incorporate AI. Bosworth oversees Reality Labs, the division of Meta that produces virtual reality and augmented reality hardware and software. Behind the scenes, Reality Labs has many projects, from camera earbuds to mixed reality goggles.
Persons: Andrew Bosworth, , there's, we've, Bosworth, it's, Meta Organizations: Labs, VR, Service, Meta, Command, Reality Labs, Orion, Business Locations: Meta
Zuckerberg's reveal of Orion late last month has triggered a level of enthusiasm that's unfamiliar in the metaverse. He showed off the gadget — a pair of black, thick-framed AR glasses — to the live audience before placing it on his face. In the meantime, Meta is looking to build on the success of its second-generation Ray-Ban Meta smart glasses. The smart glasses went viral on TikTok during the holiday shopping season, and sales exceeded both companies' expectations. Meta is also opening a pop-up shop to showcase the smart glasses and to get them in front of more consumers.
Persons: Mark Zuckerberg, Manuel Orbegozo, Zuckerberg, Orion, CNBC's Julia Boorstin, Alex Heath, Pong, Ray, Meta, it's, Meta's, Oculus, Michael Abrash, Sara Nicholson, Andrew " Boz, Bosworth, who's, Joseph Bonner, Bonner, Luxottica Organizations: Meta, Reuters, Facebook, Ray, Orion, Quest, Wall, VR, Reality Labs, Labs, IDC, CNBC, . Engineers, Argus Research, EssilorLuxottica, Solutions, West Hollywood Locations: Menlo Park , California, U.S, Los Angeles, West, Southern California
Lawyers for Sean "Diddy" Combs condemned government "leaks" relating to his sex-trafficking case. He seeks "a hearing and other remedies" from what he calls prejudicial leaks by DHS agents. Combs attorneys Marc Agnifilo and Teny Geragos made the allegations in the filing to the federal judge in Manhattan now assigned to the case. Agents deployed "military-style armored vehicles, with scores of heavily armed agents in full combat gear," according to the Combs filing. Wednesday's letter also alerts the judge that the parties intend to discuss on Thursday what federal prosecutors called the "voluminous" evidence in the case.
Persons: Sean, Diddy, Combs, , Marc Agnifilo, Teny Geragos, Mr, Cassie Ventura, Donald Trump's Manhattan, Barron's, Trump, Mitzi Steiner, Steiner, Arun Subramanian, Subramanian, Prosecutors Organizations: DHS, Service, Miami, Department of Homeland Security, Security, Department of Justice's, DOJ, US Attorney's, US, Homeland Security Investigations, New York Post, LA, CNN, Intercontinental Hotel, Office, Ventura Locations: Manhattan, Los Angeles, Miami, Donbas, Brooklyn
Nonetheless, investors could benefit by ignoring short-term noise and tracking the recommendations of top Wall Street analysts to pick stocks with attractive long-term growth potential. (See CYBR Hedge Fund Activity on TipRanks)Uber TechnologiesWe move to the ride-sharing and food delivery platform Uber Technologies (UBER). After hosting meetings with the company's management, JPMorgan analyst Doug Anmuth reaffirmed a buy rating on UBER stock with a price target of $95. Uber expects its grocery ad business to account for 5% of gross bookings over time. (See UBER Stock Buybacks on TipRanks)Meta PlatformsThis week's third stock pick is social media company Meta Platforms (META).
Persons: Matthew Hedberg, Hedberg, TipRanks, Doug Anmuth, Anmuth, Uber, Baird, Colin Sebastian, Sebastian, Claude, OpenAI's ChatGPT Organizations: Wall, RBC Capital, TAM, JPMorgan, Mobility, Meta, Meta Connect, Reality Labs
There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.
Persons: Cerebras, , Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley,
Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world’s second richest person, reports CNBC. Zuckerberg’s net worth reached $206.2 billion on Thursday, according to the Bloomberg Billionaires Index, topping the $205.1 billion net worth of the former Amazon CEO and president. The Facebook co-founder now trails Tesla chief Elon Musk by roughly $50 billion, the index showed. The company’s online advertising system suffered a major setback in 2021 when Apple introduced an iOS privacy update that weakened its ability to track users across the web. Investors reacted favorably to Meta’s cost cutting while the company’s online advertising business began to rebound and was bolstered by the massive digital ad spending campaigns by Chinese-linked retailers Temu and Shien.
Persons: Mark Zuckerberg, Jeff Bezos, Elon Musk, Meta, Zuckerberg Organizations: CNBC, Bloomberg, Amazon, Facebook, Meta, Apple, Investors, Orion Locations: Meta
Total: 25