Mark Zuckerberg’s Meta records $12.5 billion daily, increasing his fortune, the largest one-day increase in his wealth. To think that he vowed 2023 will be the year of efficiency for his social-media giant, Meta Platforms Inc.
This could also be attributed to the social media cost-cutting strategy which paid off tremendously. The boost extends the stock’s winning streak, bringing this year’s gains to almost 55%.
Zuckerberg’s Benefits From Meta’s Daily Gains
According to Bloomberg Billionaires Index, Mark Zuckerberg’s net worth increased by about $13 billion, and he is ranked 13th. The total value of his fortune is currently $69 billion.
Facebook, which gave rise to the corporation, now had 2 billion daily active users. According to the corporation, about 3 billion people use its apps every day, up 5% from this time last year.
Bloomberg also reported its first-ever annual revenue decline, and Mark Zuckerberg’s troubled social media company announced plans for a $40 billion share buyback.