Mark Zuckerberg, the co-founder and CEO of Meta Platforms, has seen his net worth rise significantly, reaching $229 billion, largely due to a 3% increase in Meta's stock price. In the most recent quarter, Meta reported a 19% revenue increase to $40.6 billion and a 35% increase in net income. The company continues to dominate the digital advertising space, holding 18% of the market, following Google's 39%. Additionally, the potential shutdown of TikTok could benefit Instagram as users might shift platforms, enhancing Meta's position in the market.
The increase of Zuckerberg's net worth this year is almost completely due to the stock price of Meta, which has risen nearly 3%, mirroring the S&P 500.
Meta’s revenue rose 19% to $40.6 billion, while net income surged 35% to $15.7 billion, indicating robust underlying performance and ad revenue strength.
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