Who is fb owner

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Their ranks continue to grow globally. Think about how many physical things you have today that could just be holograms in the future. The metaverse will not be created by one company. Our role in this journey is to accelerate the development of the fundamental technologies, social platforms and creative tools to bring the metaverse to life, and to weave these technologies through our social media apps.

We believe the metaverse can enable better social experiences than anything that exists today, and we will dedicate our energy to helping achieve its potential. This approach has served us well. The last five years have been humbling for me and our company in many ways. Every chapter brings new voices and new ideas, but also new challenges, risks, and disruption of established interests. Privacy and safety need to be built into the metaverse from day one. So do open standards and interoperability.

This will require not just novel technical work — like supporting crypto and NFT projects in the community — but also new forms of governance. Most of all, we need to help build ecosystems so that more people have a stake in the future and can benefit not just as consumers but as creators. Living under their rules has profoundly shaped my views on the tech industry. We want our services to be accessible to as many people as possible, which means working to make them cost less, not more.

Our mobile apps are free. Our ads model is designed to provide businesses the lowest prices. Our commerce tools are available at cost or with modest fees. As a result, billions of people love our services and hundreds of millions of businesses rely on our tools. Zuckerberg seemed to be going nowhere but up. However, in , the business mogul faced his first big hurdle: the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses.

Zuckerberg maintained that the ideas were based on two very different types of social networks. After lawyers searched Zuckerberg's records, incriminating instant messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users' private information to his friends. Zuckerberg later apologized for the incriminating messages, saying he regretted them. The critically acclaimed film received eight Academy Award nominations.

Mezrich was heavily criticized for his re-telling of Zuckerberg's story, which used invented scenes, re-imagined dialogue and fictional characters. Zuckerberg objected strongly to the film's narrative, and later told a reporter at The New Yorker that many of the details in the film were inaccurate.

For example, Zuckerberg had been dating his longtime girlfriend since He also said he was never interested in joining any of the final clubs. Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism. Time magazine named him Person of the Year in , and Vanity Fair placed him at the top of their New Establishment list. After the initial success of the IPO, the Facebook stock price dropped somewhat in the early days of trading, though Zuckerberg is expected to weather any ups and downs in his company's market performance.

In , Facebook made the Fortune list for the first time—making Zuckerberg, at the age of 28, the youngest CEO on the list. Zuckerberg was criticized for the proliferation of fake news posts on his site leading up to the U.

In early , he announced a personal challenge to develop improved methods for defending Facebook users from abuse and interference by nation-states. Previous personal challenges began in New Year's and have included only eating meat he killed himself and learning to speak Mandarin. The resulting outcry seemed to shake investors' confidence in Facebook, its shares dropping by 15 percent after the news became public. Following a few days' silence, Zuckerberg surfaced on various outlets to explain how the company was taking steps to limit third-party developers' access to user information, and said he would be happy to testify before Congress.

On Sunday, March 25, Facebook took out full-page ads in seven British and three American newspapers, penned in the form of a personal apology from Zuckerberg. He promised the company would investigate all of its apps, and remind users which ones they can shut off. Amid increasing calls for his resignation from investor groups, Zuckerberg traveled to Capitol Hill and met with lawmakers ahead of his two-day testimony, scheduled for April 10 and The first day of hearings, with the Senate Commerce and Judiciary Committees, was considered a tame affair, with some senators seemingly struggling to understand the business model that powered the social media giant.

The follow-up hearing before the House Energy and Commerce Committee proved far testier, as its members grilled the Facebook CEO over privacy concerns. During the day's testimony, Zuckerberg revealed that his personal information was among the data harvested by Cambridge Analytica, and suggested that legal regulation of Facebook and other social media companies was "inevitable.

The surge bumped Zuckerberg past Berkshire Hathaway chief Warren Buffett to become the world's third-richest person, behind fellow tech titans Jeff Bezos and Bill Gates. Any gains were wiped out when Facebook shares dropped a staggering 19 percent on July 26, following an earnings report that revealed a failure to meet revenue expectations and slowing user growth. The stock rebounded, and Zuckerberg remains one of the world's wealthiest people. In , Forbes ranked Zuckerberg at No.

In June , Facebook announced it was getting into the cryptocurrency business with the planned launch of Libra in Along with developing the blockchain technology to power its financial infrastructure, Facebook established a Switzerland-based oversight entity called the Libra Association, comprised of tech giants like Spotify and venture capital firms like Andreessen Horowitz.