this post was submitted on 03 Feb 2024
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255
Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge (www.cnn.com)
submitted 9 months ago by [email protected] to c/[email protected]
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Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge::Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break.

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[–] [email protected] 17 points 9 months ago* (last edited 9 months ago) (1 children)

$29 billion of monopoly money, this money is pure speculation

[–] [email protected] 3 points 9 months ago (1 children)

Jup, people don't realize that he needs to sell Facebook to realize these gains. And pay tax on that. At this level of wealth, companies are not about earning money but having influence and power.

[–] [email protected] 3 points 9 months ago

He doesn't need to sell, no.

It's collateral for a low interest loan.

Look up "buy borrow die" on a search engine.