Amazon stock has fallen 24% today including afterhours trading and sent Jeff Bezos net worth to about $107 billion. Elon Musk is at about $211 Billion in net worth. Amazon has lowered guidance for the fourth quarter.
Meta is imploding as they are spending over $9 billion on research to make about $250 million on the metaverse. Meta plans to spend $10 billion per year to make the metaverse. The metaverse is not proven and 30-40% of the revenues seems likely to be games. Tencent owns SuperCell which has Clash of Clans and other games. Meta is trailing badly in video games. Meta is not making almost no money on any of the existing domains where metaverse would be developing.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.