![]() Every day he goes to work in a grey T-shirt. ![]() He was the world’s third-richest person two years ago now Bloomberg has downgraded him to number 20. A cheap thrill for Cook would be Meta shutting down its dual-camera watch project meant to challenge the Apple Watch.Īt the heart of Meta, the most titanic gamble in the social media universe, stands its creator and CEO, Mark Elliot Zuckerberg. Last year, Apple changed its mobile operating system to enable users to block intrusive ads from dogging them online. Facebook reportedly traded information about buyers who are targeted by advertisers. It takes time for ripples to hit the shore the unkindest cut of all came from Apple, whose CEO Tim Cook takes a dim view of Facebook’s advertising policies-the Goliath of social networking depends on a tracking system that shows repeat ads for products you’ve already seen on other sites. CEO and founder Mark Zuckerberg lost more than half his fortune this year as his net worth nosedived by USD 71 billion. “I’m not sure there’s a core business that works anymore at Facebook,” Laura Martin, an analyst at Needham told CNBC. In February, Wall Street cut Meta’s valuation by a shocking USD 250 billion, which caused a 26 per cent drop in just one day. Meta reported another dismal first-in its second quarter this year, it reported a 36 per cent drop in earnings. ![]() There was no rise in its monthly user activity, either. ![]()
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