this post was submitted on 02 Feb 2024

172 points (98.3% liked)

Technology

59219 readers

2821 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

172

Zuckerberg to Get $700 Million a Year From Meta’s New Dividend (www.bloomberg.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

28 comments fedilink hide all child comments

Zuckerberg to Get $700 Million a Year From Meta’s New Dividend::Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg stands to receive a payout of about $700 million a year from the social media giant’s first-ever dividend for investors.

all 34 comments

sorted by: hot top controversial new old

[–] the_q@lemmy.world 68 points 9 months ago (3 children)

Money from nothing. That's one of the biggest reasons our system is so out off balance.

[–] 9488fcea02a9@sh.itjust.works 28 points 9 months ago (1 children)

I mean... I hate capitalism as much as the next guy, but this isnt "money from nothing".... People bought or worked for shares....

The dividend money comes from worker exploitation, sure. But in order to get the dividend from those shares, you had to believe in the company and invest...

Disclaimer: i own no shares of meta and i dont have a facebook account

[–] the_q@lemmy.world 2 points 9 months ago (3 children)

Do you own shares in any company?

[–] EdibleFriend@lemmy.world 18 points 9 months ago (2 children)

I own shares in your mom.

[–] the_q@lemmy.world 8 points 9 months ago (1 children)

She died in 2016. I've never really gotten over it.

[–] EdibleFriend@lemmy.world 6 points 9 months ago (1 children)

https://youtu.be/ObdC3uhPeEY?si=pfM_vpFHXykW7zp7

(I'm sorry I couldn't resist)

[–] PipedLinkBot@feddit.rocks 2 points 9 months ago

Here is an alternative Piped link(s):

https://piped.video/ObdC3uhPeEY?si=pfM_vpFHXykW7zp7

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[–] Fishytricks@lemmy.world 1 points 9 months ago

You can have her completely.

[–] nooneescapesthelaw@mander.xyz 1 points 9 months ago

Yes

[–] TheFriar@lemm.ee 13 points 9 months ago

$700 million. A year. For one person.

That’s another of the biggest reasons our system is so out of balance.

[+] Thorny_Insight@lemm.ee -14 points 9 months ago* (last edited 9 months ago) (1 children)

It's not money for nothing. It's money for the risk you take when investing in a company. Why the hell would anyone invest into anything if there wasn't possibility to get something out of it?

[–] the_q@lemmy.world 19 points 9 months ago (1 children)

You just described gambling.

[–] Thorny_Insight@lemm.ee 0 points 9 months ago (1 children)

It is basically gambling yeah. Especially when you're picking individual stocks instead of something like index funds. Bigger risk but also bigger plausible reward.

[–] hglman@lemmy.ml 1 points 9 months ago (1 children)

And you don't understand why building a society based on gambling is a bad idea?

[–] Thorny_Insight@lemm.ee 1 points 9 months ago

I don't even know what you're trying to say there. The discussion is about the risks and benefits of buying and selling stocks. If you don't want to take that risk then don't buy stocks. No one is forcing you. I don't get how "building a society based on gambling" is all of a sudden a stance I'm supposedly defending here now. That's a strawman.

[–] damnthefilibuster@lemmy.world 34 points 9 months ago (2 children)

So can we tax that?

[–] GissaMittJobb@lemmy.ml 19 points 9 months ago

Dividends are taxed, yes.

[–] EmergMemeHologram@startrek.website 16 points 9 months ago (1 children)

Doesn't this mean that Meta has ossified and the board no longer sees growth opportunities?

Send like bad news for investors long on growth and prospects of the meta verse.

[–] bobs_monkey@lemm.ee 7 points 9 months ago

Couldn't this also signal to investors that they've achieved a comfortable market position and finally profitable ,and that they don't need to go growth crazy mode anymore?

[–] Wild_Mastic@lemmy.world 10 points 9 months ago* (last edited 9 months ago) (3 children)

For anyone curious, the dividend is ~~0.0063$~~ 0.50 per single share (the other number was last year)

[–] Michal@programming.dev 7 points 9 months ago (1 children)

Compared to Microsoft, which is 75c per share, and stock is cheaper.

[–] StrawberryPigtails@lemmy.sdf.org 2 points 9 months ago (1 children)

$0.50/share/quarter according to this article. https://www.cnbc.com/2024/02/01/meta-is-paying-first-ever-dividend-authorizes-50-billion-buyback.html

If my math is right, At Meta’s current stock price of $472 that makes an annual yield of 0.004%. It’s great news for old investors, but that will be a hard pass from me.

[–] Wild_Mastic@lemmy.world 2 points 9 months ago

You're right, I accidentally checked last year dividend

[–] foggy@lemmy.world 1 points 9 months ago

What do you mean diluted?!?!

[–] BigMacHole@lemm.ee 2 points 9 months ago (1 children)

Instead of Feeding Starving Children we should give HIM our Tax Dollars!

[–] nooneescapesthelaw@mander.xyz 1 points 9 months ago

Why should we feed starving children when there are dying babies!