Comment on Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge
Nomad@infosec.pub 4 months agoJup, people don’t realize that he needs to sell Facebook to realize these gains. And pay tax on that. At this level of wealth, companies are not about earning money but having influence and power.
willington@lemmy.dbzer0.com 4 months ago
He doesn’t need to sell, no.
It’s collateral for a low interest loan.
Look up “buy borrow die” on a search engine.