Zuckerberg ranks 20th among global billionaires with a net worth of $55 billion – his lowest ranking since 2014, according to the Bloomberg Billionaire's Index.
In its most recent quarter in July, the company reported net income of $6.69 billion, or $2.46 per share, compared to $10.39 billion, $3.61 per share, a year earlier. Meanwhile, revenue fell to $28.82 billion from $29.08 billion a year earlier.
The company expects third quarter 2022 revenue to be in the range of $26 billion to $28.5 billion, citing a continuation of weak advertising demand driven by broader macroeconomic uncertainty. It also anticipates that third quarter Reality Labs revenue will be lower than the $452 million reported by the segment during the second quarter.for most mid- to senior level positions in July.
Meta expects total expenses for 2022 to be in the range of $85 billion to $88 billion, down from previous guidance of $87 billion to $92 billion.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bloomberg: Mark Zuckerberg has lost over half his wealth this yearStill, Zuckerberg is a very wealthy American still ranking 20th among global billionaires, according to Bloomberg data.
Read more »
Faceplant? Mark Zuckerberg Has Lost More Than Half of His Wealth This YearNow he's only the 20th richest person in the world.
Read more »
Amsterdam Clip Teases All-Star Cast With Rami Malek & Anya Taylor-JoyThe first official Amsterdam clip for 20th Century Studios' upcoming mystery comedy has been revealed, teasing the film's stacked cast.
Read more »
Akron Marathon set for Sept. 24; How to watch raceAbout 7,000 people are expected to participate in the 20th annual FirstEnergy Akron Marathon, Half Marathon, & Team Relay this Saturday, Sept. 24 🏃
Read more »
Amy Schumer Vows to “Burn Any Remaining Bridges” with ‘Inside Amy Schumer’s’ ReturnThe Peabody-winning series will return for a long-awaited fifth season Oct. 20th, with five episodes rolling out on streamer Paramount+.
Read more »