Tag Archives: Mark Zuckerberg

Facebook Spends $20 Million to Quiet Gentrification Critics Near Its Headquarters

Facebook is making good on its promise to build affordable housing near its headquarters in Menlo Park. The social media giant announced plans on Friday to build new housing in the area to offset concerns about the controversial
1.1 million square-foot expansion of its headquarters.

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Mark Zuckerberg Makes $1.6 Billion In A Week, Net Worth Soars To All-Time High

Bolstered by surging revenues, the growing popularity of Facebook Live and the recent debut of a food-delivery service, shares of Facebook rose 1.5% Friday, finishing 3% above Monday’s opening price. As the company heads toward its quarterly earnings announcement on November 2, the stock is now trading at an all-time high.

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Why Facebook Is Killing It—Even When Nobody Else Is

As its biggest rivals stumble, Facebook wildly beat Wall Street’s expectations when it released its earnings yesterday. The company said that it now reaches more than a billion people every day and 1.65 billion people every month. Profits for the first three months of the year tripled compared to the same time last year to $1.5 billion on $5.3 billion in revenue. In response, Facebook’s stock hit an all-time high this morning.

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