Mark Zuckerberg’s net worth dropped $5 billion after Facebook results shake investors by MichaelFNunez
... [+]Getty Imagesthat beat analyst revenue expectations but showed a steep rise in expenses on the year.
The company reported revenue rose 25% to $21.1 billion, beating Refinitiv forecasts of $20.9 billion. Net income increased 7% to $7.3 billion, or $2.56 a share, topping forecasts for $2.53. But expenses rose 34% year-over-year during the quarter to $12 billion as its headcount swelled to nearly 45,000.
Facebook continues to report positive quarterly numbers despite being embroiled in multiple legal controversies, which include scrutiny over its proposed
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
So, Here's the Thing About Stretch Mark CreamsAre they the magical potions people say they are? We found out.
Read more »
Mavericks Owner Mark Cuban to Be Landlord of New Live Nation Venue in DallasLive Nation is opening a new 1,000-capacity music venue called Hi-Fi Dallas in Texas’ Design District.
Read more »
Mark Cuban, Ryan Seacrest Think Harry & Meghan Could Get Super RichHere's why Meghan and Harry could get filthy rich in their second act.
Read more »
How Kobe Bryant Continued To Leave Mark On Celtics Even After RetirementThe passing of time allows one to gain a greater perspective. It's why we're able to end grudges, learn from…
Read more »
9 mind-blowing facts that show how wealthy Mark Zuckerberg really is - Business InsiderFacebook stock dipped after the 2019 Q4 earnings report — and that might not be good news for Zuckerberg, whose net worth is largely tied to it.
Read more »