Zuckerberg’s $71B Wealth Wipeout

Zuckerberg's $71b wealth wipeout

Bloomberg Technology published this video item, entitled “Zuckerberg’s $71B Wealth Wipeout” – below is their description.

Jefferies Analyst Brent Thill joins Emily Chang to discuss how, even in a rough year for tech billionaires everywhere, the Meta CEO Mark Zuckerberg’s losses stand out – and how the metaverse is weighing on this loss.

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In This Story: metaverse

A metaverse is a network of 3D virtual worlds focused on social connection.

In futurism and science fiction, the term is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets.

The metaverse is something which many in the early 2020s are actively engaged in developing: an entirely online, virtual and alternative reality, in which people will be able to conduct many forms of business and social interaction – virtually.

The movement towards a metaverse gathered significant pace and attention when Facebook’s parent company rebranded itself to “meta” in 2021.

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