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

submitted 9 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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[–] Skates@feddit.nl 2 points 9 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 9 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.