{"id":55478,"date":"2024-02-04T17:56:09","date_gmt":"2024-02-04T17:56:09","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge"},"modified":"2024-02-04T18:27:49","modified_gmt":"2024-02-04T18:27:49","slug":"mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge","title":{"rendered":"Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>Meta founder and CEO Mark Zuckerberg\u2019s net worth increased by more than $29 billion between your morning coffee and your lunch break.<\/b><\/p>\n

Mr Zuckerberg who is already worth more than $140 billion, according to Bloomberg\u2019s billionaire index, has cleaned up from Meta\u2019s share price skyrocketing over the past day, after the company announced its first-ever cash dividend program.<\/p>\n

Shares of Meta (META) jumped more than 21% on the news of a quarterly dividend of $0.50 per share to be paid out on March 26 to shareholders of record as of February 22.<\/p>\n

Zuckerberg owns about 350 million shares of the company, according to the US Securities and Exchange Commission<\/p>\n

Unless he sells or buys more shares of company stock, and assuming the quarterly dividend remains at the same level, Zuckerberg will also gain off of the company\u2019s dividend payouts to the tune of approximately $700 million per year.<\/p>\n

People also read:<\/b><\/p>\n

While dividends excite shareholders because they reward investors for just holding the stock, they\u2019re also widely criticized for artificially inflating the stock price without spending on employees or improvements to the underlying business.<\/p>\n

This upswing plasters over potential harm to Meta stock after Zuckerberg, alongside other social media company heads, testifiedWednesday before the Senate Judiciary Committee about the risks their products pose to young people.<\/p>\n

Zuckerberg was pressed about internal Meta documents that suggested the company estimates the lifetime value of a teen user at $270, as well as Meta\u2019s transparency regarding how its monetizes user data.<\/p>\n

Zuckerberg apologized to the parents in attendance, who say their children were victims of social media.<\/p>\n

\u201cI\u2019m sorry for everything you have all been through,\u201d he said.<\/p>\n

\u201cNo one should go through the things that your families have suffered and this is why we invest so much and we are going to continue doing industry wide efforts to make sure no one has to go through the things your families have had to suffer.\u201d<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. Meta founder and CEO Mark Zuckerberg\u2019s net worth increased by more than $29 billion between your morning coffee and your lunch break. Mr Zuckerberg who is already worth more than $140 billion, according to Bloomberg\u2019s billionaire index, has cleaned up from Meta\u2019s share price skyrocketing over the past day, after the company […]<\/p>\n","protected":false},"author":84,"featured_media":55477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,337,329],"class_list":["post-55478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nMark Zuckerberg made $29 billion this morning after Meta stock makes record surge - Angola<\/title>\n<meta name=\"description\" content=\"Meta founder and CEO Mark Zuckerberg\u2019s net worth increased by more than $29 billion between your morning coffee and y ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge\" \/>\n<meta property=\"og:description\" content=\"Meta founder and CEO Mark Zuckerberg\u2019s net worth increased by more than $29 billion between your morning coffee and y ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-04T17:56:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-04T18:27:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2024\/02\/sm_1707058324.421263.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge\",\"datePublished\":\"2024-02-04T17:56:09+00:00\",\"dateModified\":\"2024-02-04T18:27:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2024\/02\/sm_1707058324.421263.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/mark-zuckerberg-made-29-billion-this-morning-after-meta-stock-makes-record-surge\",\"name\":\"Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge - 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