"Meta CEO Mark Zuckerberg's $700M Annual Dividend Amid Child Safety Backlash"

1 min read
Source: New York Post
"Meta CEO Mark Zuckerberg's $700M Annual Dividend Amid Child Safety Backlash"
Photo: New York Post
TL;DR Summary

Mark Zuckerberg is set to earn $700 million annually from Meta's new quarterly dividend, announced amidst backlash over child safety concerns. The payout comes as Meta plans to pay a quarterly cash dividend of 50 cents per share of common stock, with Zuckerberg owning about 350 million shares. The move has sparked criticism from advocates and lawmakers who argue that the company prioritizes profits over user safety, particularly for children. Despite efforts to improve online safety, Meta's decision to issue dividends and stock buybacks has reignited concerns about its business practices.

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