Time for a new hoodie? Mark Zuckerberg's personal
wealth soars a staggering $3.8 billion in a SINGLE DAY thanks to 20 percent
jump in Facebook's value
- Shares in Facebook soared 30
percent after better than expected financial results on Wednesday
- Zuckerberg's personal fortune has
grown by almost $4 billion as a result
- How ranked No. 42 on the Bloomberg
Billionaires Index with a net worth of $16.8 billion
Financial
windfall: Mark Zuckerberg's personal fortune has soared a staggering $3.8
billion since Facebook announced impressed Q2 results on Wednesday
Facebook CEO
Mark Zuckerberg’s personal fortune soared a staggering $3.8 billion between the
company’s announcement of much better than expected second quarter earnings on
Wednesday and the close of trading on Thursday.
Shares in the
world’s most-popular social-networking service soared 30% to their highest
level since May 2012, earning the company’s founder and CEO the equivalent of
$15.83 million per hour.
When Facebook
floated on the Nasdaq in May last year it was one of the largest initial public
offerings in history, netting co-creator Zuckerberg more than a billion
dollars.
But its share
price fell dramatically months later and it saw $49 billion wiped from its
value.
Surging demand
for mobile advertising helped company revenues increase 53 percent to $1.81
billion for the latest quarter.
The earnings
may quell concerns, voiced by analysts and investors since the IPO, that the
rising popularity of smartphones and tablets is outpacing its ability to make
money selling promotions to mobile users.
No word yet on
if the famously frugal Zuckerberg has celebrated his latest windfall.
The billionaire
is known for his life of the simple life, shunning material possessions to live
a relatively simple existence and nearly always wearing his trademark
hoodies.
From mediocre
to top performing: Facebook shares jumped 20 per cent after it announced better
than expected Q2 financials
Instead, he and
wife Priscilla have committed the majority of their wealth to charity.
This weeks
windfall has pushed the 29-year-old far up the Bloomberg Billionaires Index
ahead of Microsoft CEO Steve Ballmer and Dell chairman Michael Dell.
Zuckerberg
ranked at No. 42 with a net worth of $16.8 billion. He was number 75 before the
latest Facebook earnings were released and so far this year his net worth has
swelled by 37%.
Microsoft
co-founder Bill Gates, 57, remains the richest person in the world with a net
worth of $72.2 billion, followed by Mexico’s Carlos Slim, 73, and then Warren
Buffett, 82.
On Wednesday
Facebook saw its second quarter revenue soar to $1.813 billion - a 53 percent
increase on the same period last year.
Zuckerberg and
wife Priscilla have committed the majority of their wealth to charity
Up until this
week, the company had been accused of delivering a mediocre return since going
public in May 2012, but that all changed on Wednesday when its value jumped 20
per cent to $31.81 during after-hours trading.
Facebook made
$333m in net income from April to June compared with a net loss of $157m a year
ago, according to the company's latest financial results.
An average of
699 million people used the social media platform every day in June, an
increase of 27 percent on the same time last year.
The number of
monthly users accessing Facebook on mobile devices - including smartphones and
tablets - rose by 51 percent year on year to 819 million in June.
Facebook
founder, Chairman and CEO Mark Zuckerberg, rings the Nasdaq opening bell on
Facebook trading debut in May 2012
Facebook
founder and chief executive Mark Zuckerberg said: 'We've made good progress
growing our community, deepening engagement and delivering strong financial
results, especially on mobile.
'The work we've
done to make mobile the best Facebook experience is showing good results and
provides us with a solid foundation for the future.'
Facebook said
it made $1.6 billion of revenue from advertising, which was 88 per cent of
total revenue and a 61 percent increase from the same quarter last year.
Mobile ad cash
made up 41 per cent of advertising revenue for the first quarter of 2013, it
added.
Introducing
video to Instagram, the photo-sharing and editing platform Facebook paid a
billion dollars for last year, saw five million videos uploaded in the first 24
hours, the company said.
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…and still they
sabotage E-VERIFY to ease more illegals into our jobs!
FEDS PREDICT
SOARING UNEMPLOYMENT UNTIL PAST 2015… Good time for amnesty?
THE ENTIRE BASIS OF AMNESTY IS TO KEEP WAGES
DEPRESSED.
“Tech tycoons like Larry Ellison
and Mark Zuckerberg have gotten rich while wages in the technology sector have
stagnated.”
Tech firms fight hiring rules in immigration bill
Tech firms fight hiring rules in immigration bill
Americans
would "be shocked to know that most of the H-1B visas … are going to
outsourcing companies," Sen. Dick Durbin, D-Ill., said during a recent
hearing.
http://mexicanoccupation.blogspot.com/2013/05/tech-billionaires-in-silicon-valley-say.html
VISAS
America… NO LEGAL NEED APPLY!
One-way trips to U. S. frustrate immigration authorities
An estimated 4.4 million people entered the country on
legal visas and have never left. Officials often have no way of knowing whether
they do.
IN AMERICA, NO LEGAL
NEED APPLY!
Report details massive
wealth loss for youth in US
By Nick Barrickman
18 March 2013
18 March 2013
A recent report from Washington DC-based Urban Institute (UI)
shows that overall percentage of wealth in society for those in “Generation X and
Y” (those in their 20s and 30s) has been consistently dropping and is currently
at a level which may be unprecedented.
THE AMNESTY ASSAULT on
AMERICA’S YOUTH – It’s all about keeping wages depressed!
Here
are some key facts presented by the CBO: 1) There are now 40 million
foreign-born people living in the United States, making immigrants a bigger
share of our national population than at any time since 1920. 2) Twenty-two
million — a majority of the foreign born — are non-citizens. 3)
Eleven-and-a-half million — a majority of the non-citizens — are illegal aliens.
Amnesty's
Message: Send Us Your High School Dropouts...so we don't have to hire Americans!
DURING BARACK OBAMA’S FIRST TERM, 2/3s OF ALL
JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL.
IT’S ALL ABOUT MAKING BILLIONAIRES BY KEEPING
WAGES DEPRESSED.
SHOULD WE KEEP IMPORTING FOREIGN BORN TECH
WORKERS YEAR AFTER YEAR AFTER YEAR?
“Tech tycoons like Larry Ellison and
Mark Zuckerberg have gotten rich while wages in the technology sector have
stagnated.”
Silicon Valley Poverty Is Often Ignored By The Tech Hub's Elite
Silicon Valley Poverty Is Often Ignored By The Tech Hub's Elite
TECH
GIANT APPLE COMPUTER SAYS HELL NO TO PAYING TAXES and HELL NO TO HIRING AMERIANS!
KEEP THE BOATLOADS OF CHINESE AND INDIANS COMING!
Tech firms fight hiring rules in immigration
bill
Americans would "be shocked to know that most
of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin,
D-Ill., said during a recent hearing.
Story Highlights
- Bill provision that would require firms
to post jobs for Americans is targeted
- Technology firms have spent millions
on lobbying on immigration
- Judiciary Committee set to start
working on bill
http://www.usatoday.com/story/news/politics/2013/05/06/tech-firms-lobbying-against-labor-immigration-measure/2137837/