June 23 (Cointime) - Maye Musk, mother of Tesla CEO Elon Musk, has cancelled a proposed Jiu-Jitsu fight between her son and Mark Zuckerberg, co-founder of Meta Platforms. The fight was suggested by Mario Nawfal, CEO of Web3 incubator platform IBC Group, in response to the competitive nature between Twitter (owned by Musk) and Meta in the social media industry.

June 22 (Cointime) - Elon Musk and Mark Zuckerberg have agreed to a potential cage fight in the UFC ring in Vegas, which has gained significant attention. The feud began when Musk called Zuckerberg a "copycat" after Meta announced plans to launch a decentralized social network called "Threads."

Mark Zuckerberg, CEO of Meta (formerly Facebook), addressed Apple's recent unveiling of the Vision Pro headset in a company-wide meeting with employees. He stated that while it "could be the vision of the future of computing," it is not the one he wants for Meta. He pointed out that Meta's upcoming Quest 3 headset will be much cheaper than Apple's offering, giving them an opening to reach a wider user base. Zuckerberg also highlighted the difference in values and vision between Meta and Apple, stating that their device is about people interacting in new ways and feeling closer while being active and doing things, whereas every demo shown by Apple was a person sitting on a couch alone.

Apple's recent entry into the VR/AR market has sparked interest and concern among Meta's leadership. During an all-hands meeting, Mark Zuckerberg expressed curiosity about Apple's Vision Pro headset but noted that Meta's teams had already explored the constraints posed by laws and physics, implying that Apple's solutions were not groundbreaking.

Two US senators have written to Mark Zuckerberg, CEO of Meta, expressing concerns over the company's open-source artificial intelligence (AI) model, LLaMA. The senators said that the model, which was leaked in full in February, was potentially dangerous and could be used for criminal purposes.

Mark Zuckerberg's fortune has grown by about $44 billion this year, making him the billionaire with the most significant increase in wealth according to Bloomberg Billionaires Index. This is due to his focus on cost-cutting at Meta Platforms Inc. and working on a real-life competitor to Elon Musk’s Twitter. The pivot has made Meta shares the second-best performer this year on the S&P 500, soaring more than 100% and pushing Zuckerberg's net worth to $89.9 billion. Additionally, Meta's Instagram platform is planning to launch a competitor to Twitter as early as next month, which could be a threat to Twitter whose engagement may have been hurt by charging heavy users a monthly subscription fee.

Mark Zuckerberg’s wealth soared by more than $10 billion on Thursday, his third-biggest jump on record, after Meta Platforms Inc. surprised investors with robust first-quarter sales.

Traders seem to appreciate Meta's prioritization of its core business lines during the first quarter of 2023.

Meta, the parent company of Facebook, has laid off an undisclosed number of employees, including gameplay programmers who work on virtual and augmented reality products, according to LinkedIn posts.

Wall Street Journal says that Meta’s programmers working on the company’s virtual reality suite can earn total compensation from “$600,000 to packages approaching $1 million.”