According to Forbes estimates in November last year, Zuckerberg owns about 12.8% of Facebook, while Bezos has under 10% of Amazon’s stake.
While investors are looking to brace up for any potential interest rate hike in the future, dependence on earnings and Wall Street performance is what most stocks need to recoup all losses accrued in January.
JPMorgan analysts downgraded FB stock from overweight to neutral on Thursday and lowered their price target from $385 to $284.
Meta recently posted a report short of expectations which affected other social media stocks, including Pinterest, Snap, and Twitter.
Advertisers now shift to Google for target users more than to Facebook.
GameStop has entered a new partnership with blockchain platform Immutable X, following plans to launch its NFT marketplace later this year. The platform discloses $100 million fund support for NFT content creators and tech developers.
Spotify expects to get 406 million monthly active users (MAUs) in 2022 Q1.
With the new financing, Dune Analytics will educate, reward and empower a new generation of web3 data analysts.
ING said that it increased provision on the anticipation that higher inflation might hurt customers’ ability to pay mortgages in the coming year of 2022.
At the end of the last quarter, Shell’s net debt reduced from $57.6 billion in Q3 to $52.6 billion.
The company said that Apple’s privacy changes have cost their ad revenue to the tune of $10 billion during the fourth quarter of 2021. The company also reported an additional $10 billion loss in its AR/VR operations.
To strengthen its position in the ecosystem, Pixel Vault is partnering with Fractional.art, to break down costly NFTs into more affordable sub-tokens.
Despite the encompassing growth that marked US market and tech stocks, significant losses were still recorded.
Google parent Alphabet says its 20-for-1 stock split will take effect from July, and grant an additional 19 shares for each share of the same stock-class owned.
PayPal stock dropped approximately 50.98%, 29.70%, 41.91%, and 31.05% in the past year, YTD, three months, and one month respectively through Tuesday.