Adam Johnson of Bloomberg TV reported on “Bloomberg Surveillance” program that social networking giant Facebook Inc (NASDAQ:FB) founder, Chairman of the Board, and Chief Executive Officer, Mark Zuckerberg, saw his personal fortune rise by staggering $1.6 billion yesterday, thanks to the strong surge in company’s stock on the back of “strong earnings” that the firm reported on July 23 as its business “shift to mobile” decisively.
Mr. Adam goes on to then compare Mark Zuckerberg personal wealth of “$33.3 billion” against other tech firm founders like Google Inc (NASDAQ:GOOG) co-founders Sergey Brin, Larry page and Amazon.com, Inc. (NASDAQ:AMZN) founder, Chairman of the Board, President, Chief Executive Officer Jeff Bezos to declare that he is “worth more” than all of them.
It is relevant to note that Facebook Inc (NASDAQ:FB) had reported robust second quarter 2014 results on 23rd July. The social networking giant had reported EPS of $0.42 for the reporting quarter as against $0.19 EPS it had reported in 2Q13. Revenue for the quarter had come in at $2.91 billion in comparison to $1.8 billion in 2Q13. The 61 percent increase in quarterly revenue has been linked to the impressive growth the social media giant has seen in revenue from its mobile ads segment.
Tom Keene recollected that Mark Zuckerberg was a much ridiculed figure after Facebook Inc (NASDAQ:FB) disastrous IPO debut
“It really is something a) how they screwed that up (I am not going to blame Mr. Mark Zuckerberg for that anyway, I don’t think he is fancy enough to screw it up, NASDAQ boss Robert Greifeld is), but what a turnaround,” Mr. Keene said.
Mr. Adam also went on to commend the altruistic nature of Facebook Inc (NASDAQ:FB) founder by pointing out that he has been generous in his donations to philanthropy and is trying to provide “internet to everyone across the world.”