Facebook's Mark Zuckerberg got richer by $30 billion


NEW YORK: Facebook co-founder Mark Zuckerberg has amassed a fortune of more than US$ 30 billion (over 48 trillion Pakistani rupees) in just two months, despite lockdowns and economic shutdowns due to the corona virus epidemic around the world. According to the Bloomberg Index, Mark Zuckerberg has become the third richest man in the world after this increase and now he has become the owner of 87.7 billion dollars and now only Jeff Bezos and Bill Gates are ahead of him.

The possible reason for the increase in Mark Zuckerberg's assets is the increase in the company's economic growth. The results for the first quarter of this year were released on April 29 and they were better than expected. In terms of revenue and daily active users, Facebook outperformed economists' expectations. During the quarter, revenue of 4 17.74 billion and 1.74 billion users turned to Facebook, while monthly users of all its apps for the first time. Worn up to 3 billion. Following these results, the value of Facebook shares
increased by 8%. 

But Facebook said a significant drop in advertising demand was seen in the last three weeks of the first quarter of 2020 and could have repercussions in the second quarter.

Several additions to commerce and video chatting have recently been made. With the recent introduction of the Messenger Rooms feature, which allows up to 50 people to chat at the same time, will provide an opportunity to work online.

You May Also Like


Pakistan condemns India seizure of Pakistani commercial goods

ISLAMABAD: The Foreign Office on Saturday issued a sharp rebuke in response to India’s interception and seizure of a


Mir Sarfraz Ahmed Bugti elected as CM Balochistan

QUETTA: Mir Sarfraz Ahmed Bugti elected as Chief Minister of Balochistan. He urged the Baloch insurgents to abandon their armed


Ali Amin Gandapur sworn in CM KP

PESHAWAR: The newly-elected Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur was sworn in at the Governor’s House here on