Mark Zuckerberg was all-in on the metaverse final yr, prepared to spend no matter it took to dominate digital actuality.
And it price him, massive time. At one level his wealth fell greater than $100 billion from its excessive — a surprising decline for the millennial who just some years in the past was the world’s third-richest individual.
So far this yr, his focus has been on the bodily world — first cost-cutting at his Meta Platforms Inc. and now engaged on a real-life competitor to Elon Musk’s Twitter.
The outcomes look like paying off. Zuckerberg’s fortune, which is comprised largely of his Meta stake, has grown by about $44 billion this yr, essentially the most of anybody tracked by the Bloomberg Billionaires Index.
Even with Meta shares closing down barely Friday in New York, Zuckerberg’s effectivity pivot has made the inventory the second-best performer this yr on the S&P 500, hovering greater than 100% and pushing his web price to $89.9 billion.
American Airlines strikes cope with pilots
American Airlines has reached a tentative labor settlement with pilots who not too long ago raised the potential for a strike in opposition to the nation’s largest airline in the event that they have been unable to get a brand new contract with larger pay.
American stated late final week that the four-year deal, if ratified by pilots, would give them pay and profit-sharing “that match the top of the industry.”
Terms of the settlement weren’t disclosed.
Earlier this yr, Delta Air Lines pilots ratified a contract that may increase their pay 34% over 4 years, however American pilots stated they wanted extra to meet up with Delta, which has a richer profit-sharing program.
American spokeswoman Sarah Jantz stated the airline was happy to succeed in an “agreement in principle” with higher pay, and profit-sharing “They deserve to be paid well and competitively,” she stated.
Source: www.bostonherald.com”