this post was submitted on 03 Feb 2024
255 points (91.3% liked)

Technology

59724 readers
3878 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
255
Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge (www.cnn.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
60 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] chemicalwonka@discuss.tchncs.de 17 points 10 months ago* (last edited 10 months ago) (1 children)

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

[–] Nomad@infosec.pub 3 points 10 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.

[–] willington@lemmy.dbzer0.com 3 points 10 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.