Staff Reports
Meta Platforms CEO Mark Zuckerberg is about to hit the jackpot with a whopping $700 million annual payout from the company’s new quarterly dividend. The tech giant’s stock skyrocketed 15 percent following a stellar Q4 earnings report.
You read that right—Zuckerberg is set to pocket an eye-popping $175 million every quarter based on his massive 350 million share stake in the company. That’s some serious cha-ching!
“Kids Are Dying”: @MarshaBlackburn Slams Zuckerberg’s "Army of Lawyers and Lobbyists" Protecting Big Tech pic.twitter.com/uEEzXveT7w
— Breitbart News (@BreitbartNews) January 31, 2024
But hold the phone, folks! This news comes as Meta exceeded revenue expectations in Q4, raking in a jaw-dropping $40.1 billion and leaving Wall Street analysts eating their words. The company even announced a jaw-dropping $50 billion share repurchase program to boot. It’s raining money over at Meta!
And get this—Meta’s online advertising business is bouncing back with a bang after a tough 2022, pulling in a whopping 25 percent increase in revenue compared to the previous year. It’s like they struck gold!
Investors are pumped up about Meta’s stellar performance and big-time moolah announcements, driving the company’s shares up a staggering 14 percent in late trading. It’s a comeback story for the ages, folks.
But wait, there’s more! The new dividend has tongues wagging about Meta’s growth prospects in the face of regulatory roadblocks. However, Zuckerberg ain’t sweatin’ it. He’s busy pouring cash into futuristic bets like AI and the metaverse, and he’s reaping the rewards while he’s at it.
So, there you have it, folks. Zuckerberg is laughing all the way to the bank, and Meta is making it rain like there’s no tomorrow. Cue the cha-ching!
