Mark Zuckerberg Surpasses Bezos to Become World’s Second-Richest Person as Meta Stock Soars

By Byte Staff News
Facebook Chairman and CEO Mark Zuckerberg addresses the audience on "the challenges of protecting free speech while combating hate speech online, fighting misinformation, and political data privacy and security," at a forum hosted by Georgetown University's Institute of Politics and Public Service (GU Politics) and the McCourt School of Public Policy in Washington, U.S., October 17, 2019. REUTERS/Carlos Jasso

Meta’s stock has skyrocketed, with shares closing at an all-time high of $582.77 on Thursday. This year, the stock has risen by over 72%, significantly boosting Zuckerberg’s wealth. His 13% stake in the company has been the primary driver of his increased net worth, which has grown by $78 billion since the start of 2024.

Meta’s Focus on Artificial Intelligence (AI)

Meta’s focus on artificial intelligence (AI) has been a crucial factor in its recent success. The company has invested heavily in AI initiatives, including large language models and other AI-powered technologies.

Share This Article
Leave a Comment