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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

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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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[–] ExLisper@linux.community 3 points 10 months ago (4 children)

On Friday, shares of Meta (META) jumped more than 20% on the news of a quarterly dividend of $0.50 per share to be paid out on March 26 to shareholders of record as of February 22.

Let me get this straight: Meta said that for every stock you have month from now you will get $0.50 two months from now and people started buying like crazy. So basically people are betting that they will be able sell the stock right after Feb 22 before it loses more than $0.50? Am I getting this right? This system is so fucked up...

[–] Skates@feddit.nl 2 points 10 months ago (1 children)

So basically people are betting that they will be able sell the stock right after Feb 22 before it loses more than $0.50?

Not necessarily. With all it gained, they can even sell tomorrow. Or at any point before it takes the next massive hit.

[–] ExLisper@linux.community 1 points 10 months ago

I mean, yes, you're right but nothing about the company changed. So people betting that the stock will go up are basically betting that people will buy it for the dividends.

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