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Mark Zuckerberg overtakes Jeff Bezos as world's second-richest person as Meta shares hit all-time high | The 21,000 people who lost their jobs must be pleased
Things weren't looking rosy for Meta in 2022 as it suffered a downturn following the pandemic boom period. For the first time since its inception 17 years...
For the first time since its inception 17 years ago, the number of global daily Facebook users declined as the company's shares fell 24%, wiping $200 billion off its market value. Meta has reported better-than-expected sales this year, and is pushing hard into the generative AI field with its own Large Language Models and chatbots – the sort of stuff that investors love, even if most of the public isn't as enthusiastic. The company also revealed several new tech products, including a pair of AR smart glasses capable of projecting holograms directly into a user's field of vision.
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