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Mark Zuckerberg’s Meta gain $196 billion Market Cap in a Day: Shares of Mark Zuckerberg's company Meta rose by more than 20% at the end of the week, due to which Meta's market cap has jumped by $196 billion and it is considered to be the biggest jump in the market cap of any company in a single day.
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In addition to Meta Market cap jumps, Meta also holds the record for the highest market cap loss in a single day. Meta Platforms, the parent company of Facebook, has registered a new record in the last week of the week. This is a record that has even near Tesla owner Elon Musk in terms of earnings. Shares of Mark Zuckerberg's company Meta rose by more than 20% at the end of the week, due to which Meta's market cap has jumped by $196 billion and it is considered to be the biggest jump in the market cap of any company in a single day.
Mark Zuckerberg Meta's market cap near the Elon Musk
You will be surprised to know that Meta's market cap has jumped by $196 billion in a day, which is near equal to the total net worth of one of the richest persons in the world, Elon Musk, as according to the report released by Bloomberg Billionaires Index, Elon Musk's net worth is $205 billion.
Highest single-day earnings recorded
This is not the first time that the company has seen such a huge jump in its market cap. Earlier, on November 10, 22, Apple's market cap had jumped by $191 billion, but this surge in Meta has not only broken Apple's record but has also left behind a long way in terms of making the highest profit in a day.
The market cap of these Magnificent 7 companies has increased by five trillion dollars and it has become equal to the combined market cap of the stock markets of Canada, Japan and the UK. Apart from this, the market cap of these seven companies has become bigger than the rest of the world except America and China.
The massive jump in Meta's market cap of $196 billion has a direct impact on the net worth of the company's CEO Mark Zuckerberg. According to Bloomberg, Zuckerberg's net worth has increased by about $28 billion after this jump in this market cap.
The rise in Meta's shares has also boosted Mark Zuckerberg's net worth. According to the Forbes Realtime Billionaires List, Mark Zuckerberg's current net worth is $167.2 billion. He is currently the fourth richest person in the world.
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