Sunday February 23, 2020

Market Week

Your guide to what's going on

27th July, 2013
Mark Zuckerberg is more than $3 billion wealthier after Facebook's shares jumped 28 per cent.

**Facebook rebases:** Mark Zuckerberg is more than $3 billion wealthier after Facebook's shares jumped 28 per cent after the company reported a big increase in mobile ad revenue last week. With stock now at $34, the IPO price of $38 is in sight for shareholders waiting to recoup. The spike in the stock followed a flat year for Facebook, which had barely moved despite a sustained rally in equities.

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**Rule change:** after failing to win enough support from shareholders...

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