Social media storm: Facebook’s current net worth

59ea4dceddd063a2768b5397-750-562.jpgFacebook is one of the planet’s biggest and fastest growing companies.  With its astronomical growth over the past few years, it’s difficult to get hold of the company’s exact net worth.  For tech companies, stocks can go up or down depending on the news or other external factors.

One example of this change was when Mark Zuckerberg, Facebook’s founder and CEO, saw his net worth plunge by over $15 billion.  This was due to months of negative press hounding his company.  The Cambridge Analytica controversy hit the company hard as the data breach policy turned off many users of the platform.

Facebook’s net worth can be gauged through the net worth of Zuckerberg.  As of April 2018, Zuckerberg has been shy of reaching $70 billion, making him the 6th richest person in the world.  This is after several changes he’s made in the company, including making Facebook a publicly tradable stock in 2012.  This gave the company an increase of over 50% in stock prices in September 2017.  At one point, the company’s peak market capitalization reached $104 billion.

59ea1f77ddd0631c008b6006-1334-1000.jpgToday, Facebook shares can be bought at $38 per share.  The company has raised over $16 billion through that offering.  To think that over a decade ago, Yahoo! tried to buy Facebook for $1 billion.

Hello,  I’m  Steve Sorensen,  a  business  blogger  and  investment  strategist  interested  in  the  net  worth  of  the  world’s  richest  people.  I have  dedicated  a  portion  of  my  time  to  tracing  the stories  of  these  companies  and  pointing  out  the  roots  of  their  success.  For similar reads, visit this  webpage.

Author: Steve Sorensen Networth

Hello there. I'm Steve Sorensen, a Des Moines-based investment strategist and business blogger. Welcome to my business blog. I received my degree in business from Iowa State University. I do a lot of research on many of the world's most successful companies, in particular on how they built up their net worth over the years. Not only do the success stories of Fortune 500 companies fascinate me so, they also provide a framework to analyze the potential growth outlook of many companies. This assists me in helping my clients find the right mix of companies to add to their portfolios. I spend my weekend downtime keeping fit by playing tennis doubles with friends. I enjoy country music and like to keep updated on the country music festivals. Check back from time to time to see what I've written about.

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