During the lockdown, Facebook's business flourished, how much did the wealth increase during 2 months? It's hard to trust
May, 25/2020
According to THE REPORT WORLD, despite the lockdown and the economic activity stopped due to the virus in Russia, the founder of Facebook, Mark Zuckerberg, added more than 30 billion dollars (more than 48 thousand Pakistani rupees) to the state during 2 months. Bloomberg According to the index, after this increase, Mark has become the third richest person in the world and he is now the owner of 87 billion dollars, and now Jeff Bezos and Bill Gates are ahead of him.
Mark Zuckerberg's assets were worth 55 billion dollars on March 17, when the US state's Silicon Valley was put under lockdown. The shutdowns to prevent the virus in California have not yet ended, and millions of people around the world have lost their jobs. But the money of the founder of Facebook is increasing.
The possible reason for the increase in the assets of Mark Zuckerberg is the increase in the economic development of the company. The results for the first quarter of this year were released in April and they were better than expected. In terms of revenue and daily users, Facebook did better than economists' expectations. During this quarter, 74 billion dollars in revenue and 1.74 billion users were attracted to Facebook, while users of all its apps for the first time 3 worn. After these results, the value of Facebook shares increased by 8 percent.
But Facebook said that a significant decrease in advertising demand was seen in the last 3 weeks of the first quarter of this year, and its effects may appear in the second quarter. Several additions have been made regarding e-commerce and video chatting, recently the Messenger Rooms feature has been introduced, thanks to which 50 people can chat at the same time. will give an opportunity to work online.
