Short Bytes: Facebook CEO Mark Zuckerberg earned $3.4 billion during the after-hours trading on Wednesday which escalated his total worth to 56.7 billion. This has happened following Facebook’s announcement of Q2 earnings.
Interestingly, Mr. Zuckerberg currently stands on the fifth position in Forbes’ list of richest people.
This is a result of the 59% (6.44 billion) rise in Facebook’s revenue for Q2, outperforming the estimates of the analysts i.e. 6.02 billion.
Company’s mobile advertisement revenue has been the major contributor to this tremendous escalation. A profit of 51 cents/share has been observed against the estimated 57 cents/share amounting to $2.1 billion in total.
— via Forbes
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