New York (CNN) — Mark Zuckerberg’s net worth increased by more than $29 billion between your morning coffee and your lunch break. Shares of Meta (META) jumped more than 21% on the news of a quarterly dividend of $0.50 per share to be paid out on March 26 to shareholders of record as of February 22. Zuckerberg owns about 350 million shares of the company, according to the US Securities and Exchange Commission. This upswing plasters over potential harm to Meta stock after Zuckerberg, alongside other social media company heads, testified Wednesday before the Senate Judiciary Committee about the risks their products pose to young people. Zuckerberg apologized to the parents in attendance, who say their children were victims of social media.

Source: CNN February 02, 2024 18:26 UTC