Mark Zuckerberg’s fortune surges by $28B after Meta’s stock surge
Mark Zuckerberg’s wealth soared by more than $28 million after CEO Mehta profited from his company’s record stock price rise. As of Monday, Zuckerberg is reportedly the fourth richest person in the world with a net worth of $170 billion. Bloomberg Billionaires Index. Zuckerberg’s wealth is fueled by Meta’s stock price, which has soared to […]
Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots
Tom Gimbel, founder and CEO of LaSalle Networks, examines the state of the U.S. economy and reacts to the January jobs report. — Facebook parent company Meta pays surprising dividend, stock price soars — Social media CEOs skewered on Capitol Hill over child abuse — Tesla CEO Elon Musk retaliates after judge shoots him $56 […]
Meta’s new dividend adds $200 billion in value, Zuckerberg nets $29 billion in one day
Shares in Facebook’s parent company Meta soared after the company announced its first-ever cash dividend following its biggest quarterly growth in more than two years. The company’s market value rose more than $200 billion on Friday, putting it on pace for the fastest single-day increase in market value for a U.S. company, according to tracked […]
Mark Zuckerberg rejected requests to expand Meta’s child-safety teams: docs
Documents and emails released by Congress show Meta chief Mark Zuckerberg turned down a request from the company’s top leadership in August 2021 to expand its child safety and health workforce. It became clear. Nick Clegg, then vice president of international affairs at Facebook (which changed its name to Meta later that year), reportedly told […]
Meta’s retreat from news content is hurting traffic for media outlets: report
Reports say news organizations are experiencing a significant drop in visitors and a hit to revenue as Facebook and Instagram's parent company Meta Inc. pivots away from the news business. Despite its massive base of more than 3 billion users, Mark Zuckerberg's social media app accounted for just 33% of all social media traffic in […]
Former Facebook COO Sheryl Sandberg announces intent to leave Meta’s board of directors
Vaynermedia CEO Gary Vaynerchuk reacts to meta political advertising regulations on 'The Claman Countdown'. Former Meta Chief Operating Officer sheryl sandberg On Wednesday, it was announced that she would resign from the company's board of directors. “With my heart filled with gratitude and my head filled with memories, I have informed the Meta Board that […]
Meta’s latest attempt to spy on your online behaviors
Meta's latest tools make it very easy for companies to track users. The social media giant recently introduced a new feature called Link History in its Facebook app for iPhone and Android. Facebook's parent company claims that this setting is a tool for users to save all their browser history in one place. But is […]