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Meta’s billionaire boss Mark Zuckerberg is poised to receive an annual payout of about $700 million following the announcement of the social media giant’s inaugural dividend for investors. The company declared a quarterly cash dividend of 50 cents per share for Class A and B common stock, set to begin in March. With Zuckerberg’s ownership of around 350 million shares, his potential quarterly earnings before taxes would reach approximately $175 million. Meta’s decision to introduce dividends diverges from the norm among rapidly growing tech companies, which often prioritize using earnings for product development or acquisitions.
Mark Zuckerberg stands to receive a payout of about $700 million a year from Meta’s first-ever dividend for investors https://t.co/9IVTORjxtP
— Bloomberg Technology (@technology) February 2, 2024
Mark Zuckerberg will receive a quarterly dividend check for $175,288,748 from Meta $META on March 26, 2024
His annual dividend income exceeds $701 Million.. pic.twitter.com/Mrf4e9xTXC
— Dividend Growth Investor (@DividendGrowth) February 2, 2024
Here’s how the internet reacted to the Zuckerberg payout news. While few jibed that he can pump it to make more bunkers and power up his macadamia-fed cow, others applauded the billionaire for his passive income. ‘Who needs a salary’ a user quipped.
Maybe I’ll have 2 bunkers
https://t.co/ApnnTepXXi pic.twitter.com/OgfTPJlkDB
— Joe Rogan, CFA (@RoganCapital) February 2, 2024
He could be the first trillionaire! 🤷♂️ pic.twitter.com/Pgm20phdUK
— kautious (@kautiousCo) February 2, 2024
He could build a new underground bunker every year with that kind of money
— John Smith (@smith_john70102) February 2, 2024
thank god! he really needs it!! poor guy is probably starving
While Meta continues to invest substantially in artificial intelligence, regulatory obstacles are limiting its acquisition prospects. After Meta implemented significant workforce reductions and refined its strategic focus, the company experienced a nearly threefold increase in its stock value throughout 2023. The recent announcement of dividends, coupled with an additional $50 billion allocated for share buybacks, is aimed at fostering more patience and support from investors as Zuckerberg pursues long-term strategies in artificial intelligence and the metaverse.
In 2022, Mark Zuckerberg’s total compensation, including private security costs and a symbolic $1 base salary, amounted to $27.1 million. However, detailed executive compensation figures for the subsequent year are pending disclosure by Meta.
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