Suspense Crime Sach Ka Dam
META share: Due to the continuous rise in the shares of Meta platform, Mark Zuckerberg has overtaken Jeff Bezos to become the second richest person in the world. According to the Bloomberg Billionaires Index, the net worth of the CEO of Meta has reached $206.2 billion, which is $1.1 billion more than Bezos.
Zuckerberg is now behind only Elon Musk.
Zuckerberg is now only behind Elon Musk, who remains the world’s richest person with a lead of about $50 billion. Zuckerberg’s biggest bet on the metaverse, which once seemed risky, is now bearing fruit. Meta’s stock has been on the rise in recent months. This rise is being fueled by excellent ad sales and the company’s financial performance.
Benefited from an increase in ad sales
In February 2024, the Meta platform achieved revenue and profit above expectations due to strong advertising sales during the holiday season. The company also declared its first dividend of 50 cents per share to mark Facebook’s 20th anniversary. Shares rose more than 14% following the announcement, pushing Meta’s market cap to over $140 billion (Rs 11,76,000 crores).
If Rs 1000 had been invested at the time of the rebranding of Meta, how much would it have been today
Meta also approved a $50 billion share buyback, further strengthening investor confidence. For those who invested earlier, an investment of $1,000 (roughly Rs. 84,000) in Facebook shares at the time of Meta’s rebranding in October 2021 is now worth $1,758.53 (roughly Rs. 1,45,957), a 75.9% increase. In comparison, a similar investment in the SPDR S&P 500 ETF Trust would have yielded only 24% returns.
Disclaimer: No investment advice is given here. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
