After leaving the metaverse, Zuckerberg's wealth soared by 300 billion, the most in the world!

Quick Technology News on May 20, Mark Zuckerberg, CEO of Facebook’s parent company, previously “betted” on the Metaverse, which resulted in Meta suffering huge losses.

Now, Zuckerberg is focusing on the real world. First, he aggressively cut costs at Facebook parent company Meta, and now he's developing a real-life rival to Elon Musk's Twitter.

These changes have paid off. Zuckerberg’s wealth has increased by US$44.3 billion (approximately 310.4 billion yuan) this year, the largest increase among all wealthy people tracked by the Bloomberg Billionaires Index. Zuckerberg’s wealth is primarily made up of his Meta shares.

Informed sources revealed that Meta’s Instagram plans to launch a product to compete with Twitter as early as next month. The text-based app is currently being tested among celebrity and influencer circles.

According to analysts, Meta is more likely to capture market share from Twitter than smaller competitors. "Meta may face challenges in bringing Twitter users to its platform," they said in the report, "but it could pose a threat to Twitter, as Twitter's monthly fees for heavy users could hurt Twitter's participation Spend."

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