In a thrilling twist of events, Elon Musk, the CEO & founder of Tesla<\/a>, recently took a hit at Mark Zuckerberg\u2019s Facebook, slating the platform to be hardly used by anyone in recent days. However, market data hovering over the industry portrays sentiments otherwise, as Zuckerberg recently made a noteworthy comeback with a $27 million increase in his wealth on Friday, following the immense surge noted by Meta as per quarterly results.<\/p>\n As per recent reports, Meta\u2019s CEO, Mark Zuckerberg, witnessed a remarkable financial comeback, emerging $27 billion richer as Meta\u2019s quarterly profits recently surpassed Wall Street\u2019s expectations. Following the surfacing of this data across the market, Meta shares further jotted down a 20% upswing, fueling Zuckerberg\u2019s worth beyond $169 billion. This push aided him in securing the fourth spot on Bloomberg\u2019s billionaire index, surpassing prominence like Bill Gates. Intriguingly, this surge in Zuckerberg\u2019s wealth comes subsequent to a dip below $35 billion as of late 2022, resulting from a decline\u00a0in\u00a0tech\u00a0stocks.<\/p>\n <\/p>\n Furthermore, the surge in Meta\u2019s stock also promises Zuckerberg a substantial annual payout of roughly $700 million from the company\u2019s first-ever dividend for investors. This dividend and a $50 billion share buyback align with Meta\u2019s state-of-the-art measures and strategic layoffs, propelling a tripled stock value in 2023.<\/p>\n <\/p>\n Despite challenges, Zuckerberg continued to invest in AI<\/a> and the metaverse for long-term gains. In 2022, Zuckerberg\u2019s total compensation was $27.1 million, including security costs and a symbolic $1 base salary. However, Meta is yet to report executive compensation for the past year.<\/p>\n Also Read: ZetaChain (ZETA) Price Rally Takes A Pause As Liquidations Hit $2 Million<\/a><\/strong><\/p>\n <\/p>\n <\/p>\n What\u2019s even more interesting is that Facebook\u2019s user base still illustrates a steady graph even after Mark Zuckerberg\u2019s wealth, noting significant volatility across the U.S. Notably, Facebook remains the second-most used platform nationwide in the U.S. However, Elon Musk shared sentiments in contrast to market data, stating he hardly knows anyone who uses Facebook.<\/p>\nMark Zuckerberg\u2019s $27 Mln Gain Coincides With Meta Stock Rally<\/h2>\n
Facebook\u2019s Growth Remains Steady<\/h2>\n
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