Mark Zuckerberg, Meta and Facebook

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Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse — a digital realm where people would work, socialize, and spend much of their lives — the company’s next great frontier. He framed it as the “successor to the mobile internet” and said Meta would be “metaverse-first.”

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Mark Zuckerberg’s Vision for the Metaverse Seems More Distant Than Ever
Meta CEO Mark Zuckerberg went all in on the metaverse. Now Reality Labs is facing big cuts.
Meta shifts some metaverse investments to AI smart glasses
Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" in that segment, a company spokesperson has said.

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Meta set to slash spending on metaverse as Zuckerberg shifts focus to AI
Meta to cut up to 30% of metaverse budget, Bloomberg News reports
The metaverse is cooked, and Wall Street couldn’t be happier
After four years and billions of dollars wasted, the metaverse — a feature that Zuck believed in so deeply that he renamed the company after it — is more or less cooked.

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Meta could ax up to one-third of its ‘metaverse’ budget next year
Investors cheer Meta's reported Metaverse cuts, a segment that has bled $73B in losses

Meta Cuts Jobs, Mark Zuckerberg Gets Richer: Wall Street Applauds Move - Meta Platforms (NASDAQ:META)

Shares of Meta Platforms Inc (NASDAQ: META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, potentially at the expense of some of his company's employees.

Mark Zuckerberg says the ‘most important thing’ he built at Harvard was a prank website: ‘Without Facemash I wouldn’t have met Priscilla’

"I’m going to get kicked out in three days, so we need to go on a date quickly," Zuckerberg told Priscilla Chan at the time.

Meta’s Zuckerberg Plans Deep Cuts for Metaverse Efforts

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.

Mark Zuckerberg Names 'Facemash', Not 'Facebook', As His Most Significant Harvard Achievement

Mark Zuckerberg has named Facemash, a prank website he developed during his Harvard days, as his most impactful creation, surpassing even Facebook.

Meta shares climb on report Mark Zuckerberg plans to ax up to 30% of metaverse budget

The Facebook parent’s shares rose 4% as the move eased some investor jitters over a bet that CEO Mark Zuckerberg has backed with billions of dollars, only for the business to burn more than $60 billion since 2020. The company even changed its name to Meta from Facebook in 2021 to signal its priorities.
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Zuckerberg’s metaverse was supposed to change everything — instead, Meta seems to be pulling the plug after burning billions

Meta’s metaverse rollout struggled from the start, hampered by poor adoption. ・Reality Labs has become a significant financial drag, posting massive operating losses that now look increasingly unsustainable as AI capex demands rise.

Zuckerberg Poised to Avoid Deposition Over Meta Tracking Pixel

Meta Platforms Inc. CEO Mark Zuckerberg appeared likely to escape, at least in the short term, having to testify in a privacy suit over the social media giant’s collection of personal health information via its tracking pixel after a Ninth Circuit panel favored the idea that executives are too busy to appear for depositions.

Meta reaches AI deals with CNN, Fox News, other media outlets

Meta has reached deals to pay Fox News, CNN and several other news publishers in exchange for using their articles in its AI chatbot, the company said Friday.
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