Meta is a publicly traded company owned by its shareholders. The company’s top shareholder is founder and CEO Mark Zuckerberg. He owned almost 350 million shares (13.5% of its outstanding shares) worth more than $120 billion as of early 2024.
His total net worth is about $166 billion in 2024 so about 72% of his wealth is in one company’s stock – a company he created.
A company whose stock can go up and down. A fifty cent drop in the stock and he will lose $175,000,000.
Does it bother you that a person can create something and the result is great wealth?
Does anyone gain value from Facebook, Instagram, WhatsApp, Threads or Facebook Messenger?
QUINNSCOMMENTARY 
Mr Quinn gets value – material for his blog.
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I don’t think about it all except for how such an extreme fortune could be built based on a site where people announce where they ate dinner last Saturday night and where they’re going on vacation next week.
My concern is a lot of the big dollar crowd seem to want to push their ideas on the rest of us. Like I should take a bus instead of a car to save the environment while they feel free to fly private jets. That is just one example, there are many.
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There is actually more to it than that, but it’s not for everyone.
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Not in the least. Without those willing to take risk and do the extremely unusual things required to get that wealth, we’d still be banging rocks together for entertainment.
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Would seem that folks gain value from these social media sites–why use them if they didn’t—“value” of course is subjective–I see no value thus I have no accounts at any site–personally there is more value at QUINNSCOMMENTARY for me than the Facebook, Instagram, but to each is own.
As far as wealth is concerned good for the innovators–how much wealth have they created because of these sites? Heck, ZOOM help keep the world afloat during the Covid shutdown period and today lawsuits are waged about forcing folks back to the office who want/need to work at home.
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