Elon Musk Mark Zuckerberg
On Thursday, the shares of Facebook’s parent company Meta saw an increase of 14 percent. If the record of the last 6 months is checked, then the shares of the social media company have more than doubled. On the other hand, if we talk about Twitter, then in 6 months the whole condition and direction has changed. Elon Musk has become the surveyor of the social media site. Twitter is no longer a listed company in the stock market. Elon Musk had also said a few weeks ago that the value in which he bought it is now less than half. Due to Twitter, there has definitely been an impact in the shares of Musk’s flagship company Tesla. Because of that, Musk’s net worth has also sunk a lot.
In such a situation, it can be said clearly where Meta has touched new heights in the last 6 months and the net worth of its founder Mark Zuckerberg himself has seen an increase of almost three times. On the other hand, the condition of Twitter and its owner Elon Musk and his other company has become very bad. In such a situation, today there is a need to examine the path of the last 6 months of both social media companies and it is necessary to understand that how Facebook, which was considered a sunken ship 6 months ago, managed to recover and Twitter came in the hands of Elon Musk. How it sank and how it affected Tesla and Muskie Networth.
When did the recovery of Facebook start?
The results of the fourth quarter of last year and the first quarter of the year 2023 have been excellent. In the last 6 months, there has been a lot of increase in the user base of Meta’s Facebook. As of December 31, Facebook’s daily active users were 2 billion, which has increased to 2.04 billion by March 31. The effect of which was clearly visible in the shares of Meta. If we talk about November, then the shares of Meta were $ 88.91 on November 3, which increased to $ 238.56 by April 27, 2023. This means that Facebook shares have seen a growth of 168 percent in the last 6 months.
Increase in the market cap of the company
If we talk about the market cap of the company, then on April 27, the market cap of the company reached $ 611.67 billion. Whereas on November 3, the company’s market cap was $ 227.96 billion. This means that the market cap of Meta has seen an increase of $ 383.71 billion in the last 6 months. Looking at the figures of 6 months, it can be clearly said that the company has made a lot of recovery leaving behind the loss of the year 2022.
Mark’s net worth also increased
The progress of Facebook has not only benefited Meta, but also Mark Zuckerberg. Mark Zuckerberg’s stake in Meta is 12.8 percent. In such a situation, you must have understood that how much Mark’s net worth would have increased. Talking about the figures, on November 3, Mark’s net worth was $ 34.6 billion, which has increased to $ 87.3 billion today. This means that Zuckerberg’s net worth has seen an increase of $ 41.7 billion during this period. On April 27, an increase of $ 10 billion has been seen due to the rise in Meta’s shares. At present, Mark Zuckerberg has become the 12th richest businessman in the world.
Elon Musk bought Twitter for $44 billion in late October. On 27 April, he took charge of Twitter. After that he announced many changes. Which was also seen on Twitter’s user base. Ads were closed and apart from the incidents of firing from Twitter, Elon Musk’s decisions caused a lot of damage to the social media company. People started losing faith in Musk. A few weeks later, Elon Musk himself said that now the purchase price has come down by more than half. He said that the value of Twitter has remained only 20 billion dollars.
Tesla also showed effect
After buying Twitter, Elon Musk’s whole came on Twitter and Tesla’s investors started losing faith in Elon Musk and the company’s stock started going down. On October 27, the company’s share price was at $228.52, which came down to $160.19 on April 27. This means that the shares of the company have seen a decline of about 30 percent in 6 months. If we talk about the market value of the company, then a decline of $ 216.48 billion has been seen in 6 months. The market cap of October 27 was $ 723.98 billion, which came down to $ 507.50 billion.
Musk’s net worth also declined significantly
Elon Musk’s stake in Tesla has come down to 13 percent. After taking over Twitter, there has been a significant decline in his net worth. On October 27, 2022, Elon Musk’s total wealth is said to be $ 204 billion. At present, it has come to 162 billion dollars. This means that during this period Musk’s net worth has decreased by $ 42 billion. Things were even worse in January. On January 5, his net worth reached $124 billion. Talking about the figures since then till now, there has been an increase of 30 percent in Musk’s net worth.