Zuckerberg down $21 billion in after hours via /r/wallstreetbets #stocks #wallstreetbets #investing

Zuckerberg down $21 billion in after hours

Mark Zuckerberg has cashed in over $1 billion worth of Facebook stock so far this year, according to data from 83 separate SEC filings.

That’s nearly double his total sales of just over $540 million for all of 2020. The Facebook co-founder and CEO retains a roughly 13% stake in his company after the sales.

In 2015, after the birth of his daughter, Zuckerberg pledged to give away 99% of his Facebook holdings to charity throughout his life.  In the last year alone, the Facebook co-founder has grown his fortune by an incredible $40 billion.

FB earnings: The company reported adjusted earnings of $3.67 a share on revenue of $33.67 billion. Analysts expected Meta to report earnings of $3.85 a share on revenue of $33.7 billion, according to FactSet. Revenue climbed 20% from the year-ago period, its slowest growth in six quarters.

Guidance: Facebook expects first-quarter revenue to be in the range of $27 billion to $29 billion, which is growth of 3%-to-11%. Wall Street expected $30.2 billion.

Submitted February 02, 2022 at 10:26PM by danhoeg
via reddit https://ift.tt/iT3EY4maJ