Rallies in shares: Zuckerberg’s fortune grew by a record $12.5 billion for the day
[ad_1]
Meta’s founder and CEO Mark Zuckerberg’s net worth increased by a record $12.5 billion on Thursday, February 2. Such a significant increase contributed to the rally in bigtech shares against the background of the company’s strong results. Bloomberg writes about it.
Photo: depositphotos 1
►Read the “Ministry of Finance” page on Facebook: главные финансовые новости
Stock rallies
On Wednesday, February 1, after the close of the main trading session in the USA, Meta presented a strong report for the fourth quarter, the company also gave encouraging forecasts for the current quarter.
Although the revenue decreased by 4%, it exceeded analysts’ forecasts — $32.17 billion instead of the expected $31.53 billion. At the same time, the company reported that in the current quarter its revenue may be higher. Earlier, the IT giant reported a reduction in quarterly revenue several times in a row.
Read also: Meta (Facebook) announced a $40 billion share buyback. Shares rose sharply
The corporation also announced an increase in the buyback program by $40 billion and announced further business optimization. Earlier Meta cut 11 thousand. employees, or 13% of their staff. The head of the corporation himself said that this was only the beginning of optimization.
In addition, Zuckerberg said that the company uses artificial intelligence to improve content recommendations.
According to him, this can make the platform more attractive for users and advertisers. Previously, the number of advertisers decreased due to the weakness of the economy as a whole, as well as changes in privacy rules for Apple’s iPhone.
After the publication of the report, the quotations rushed upwards. At the end of the main trading session on Thursday, February 2, the shares soared by 23.26% and reached a price of $188.77 per piece.
Read also: Zuckerberg’s Meta for the first time in the history of Socratic staff – Bloomberg Rating of billionaires Bloomberg
Rallies helped Zuckerberg to rise higher in the ranking of Bloomberg billionaires. As of the morning of February 3, Zuckerberg was in 13th place with a fortune of $69.8 billion.
The previous hour was the most unfortunate for the businessman. So, if at the peak in September 2021 his fortune was estimated at $142 billion, then at the end of 2022, according to Bloomberg, the value of assets amounted to $45.6 billion.
In February of last year, Zuckerberg lost $31 billion in one day. In October, after another disappointing financial report, the billionaire’s fortune decreased by $11 billion in one day.
Author: 
News feed editor Anna Nedogybchenko. She writes on the following topics: Finance, banks, economy, investments
- Shares (securities)
Source: Ministry of Finance
Views: 8
[ad_2]
Original Source Link
