Mark Zuckerberg is the founder and CEO of Meta Platform, the parent company of Facebook. / Reuters
On the 2nd (local time), the stock price of Meta, the parent company of Facebook listed on Nasdaq, soared 20.3%. According to Bloomberg, Meta’s market capitalization increased by about $196.8 billion in one day due to the surge in stock prices, and the assets of CEO Mark Zuckerberg, the largest shareholder, also increased by about $28 billion (about 37.478 trillion won) in one day. .
The soaring stock price of Meta is a result of the recent earnings surprise recorded in the fourth quarter of last year and the announcement of shareholder return plans, such as paying dividends and purchasing treasury stocks for the first time since the company was founded. Meta has been on the rise since last year, shifting its business focus from Metaverse to artificial intelligence (AI).
According to the Bloomberg Billionaires Index, Zuckerberg’s net worth as of the day before was $142 billion. With stock prices rising more than 20% that day, asset value increased by about $28 billion in one day. According to the Bloomberg Billionaire Index, Zuckerberg’s asset value as of the previous day was $142 billion, but as his asset value increased, he surpassed Microsoft (MS) founder Bill Gates ($144 billion the previous day) and rose to fourth place in the world’s billionaire ranking.
Zuckerberg owns about 13% of Meta’s shares, or 350 million shares. It is reported that he will receive about 700 million dollars (about 925.1 billion won) in dividends over the next year from the dividends decided by Meta.
Meanwhile, the U.S. stock market has been recording good performance one after another thanks to the rise of technology stocks such as Meta. On this day, the Dow and S&P 500 indices broke record highs for the 9th and 7th time, respectively, this year. The Meta market capitalization increased by $196.8 billion in one day, which is also the largest increase in history on a daily basis.
2024-02-03 00:33:05
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