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Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge (www.cnn.com)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] Nomad@infosec.pub 3 points 7 months ago

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 2 points 7 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.

this post was submitted on 03 Feb 2024

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