With 50% of the global population using the Meta ecosystem, this company has surpassed Nvidia, Apple or Tesla to become the brightest spot in 2023.

CNN news agency said that Meta (Facebook) founder Mark Zuckerberg had $28 billion immediately in his pocket in the morning session of February 2, 2024.

The main reason is that the company’s shares increased more than 20% during the session thanks to information about the first dividend payment in the fourth quarter of 2023.

This increase not only caused Meta shares to a record high of 474.99 USD/share, but also caused the company’s total capitalization to increase by 197 billion USD, the highest level in US stock history.

Meta’s capitalization increase in the past February 2 session broke Apple’s record in the November 10, 2022 session and was even higher than Nvidia’s increase in the May 25, 2023 session when the artificial intelligence bubble creating (AI) explosion.

Returning to Mark Zuckerberg, this founder’s total assets have reached more than 140 billion USD thanks to owning 350 million shares of Meta. In addition, this CEO will also receive an additional 700 million USD annually thanks to the group’s dividend payment policy.

Morgan Stanley analyst Brian Nowak said high profits and the ability to control costs have made Meta stock more attractive to investors despite rumors about the failure of the virtual universe and slow progress. in the field of AI or the hearing on Facebook’s harmful effects on teenagers.

Also according to Mr. Nowak, Meta’s strengthening of AI development is highly expected by investors, businesses and consumers when this social networking platform is used by 3.6 billion users around the world, equivalent to nearly 50% of the global population.

In 2024, Meta plans to release and expand the scale of AI use in its ecosystem with many services that are considered never before developed.

Besides the AI technology that Big Tech is currently developing, CEO Mark Zuckerberg also mentioned the ambition of “General Intelligence”, a still unproven concept of an AI that can ability to handle most tasks better than humans.

 

“We will build the most modern and popular AI product. If successful, every individual and organization using our services will be able to use the world’s most advanced AI to complete their work,” Mark Zuckerberg said confidently.

In 2023, Meta has cut 22% of its workforce and despite receiving a lot of criticism from employees, Mark Zuckerberg still aggressively cuts costs to have money to invest in AI, thereby strongly supporting the social network segment. and online advertising.

This determination has made Mark Zuckerberg from being called a “loser” in 2022 to becoming the biggest winner in 2023.

In February 2022, Meta suffered the largest single-day capitalization loss in US corporate history after reporting fourth-quarter earnings that showed Facebook’s daily active user base for the first time. The fairy is narrowed.

To cut costs, Meta laid off 11,000 people in November 2022 in the company’s first major layoff ever.

Countless criticism took place at that time when many people thought that Mark Zuckerberg’s empire had come to an end. But what happens in 2023 shows the exact opposite.