"Meta's New Dividend to Pay Zuckerberg $700 Million Annually"

Meta Platforms Inc. announced its first-ever quarterly cash dividend of 50 cents a share for Class A and B common stock, which could result in CEO Mark Zuckerberg receiving about $700 million annually based on his 350 million shares. This move signals the company's confidence in its growth potential despite regulatory challenges. The dividend, along with $50 billion in share buybacks, aims to appease investors as Zuckerberg focuses on long-term bets in artificial intelligence and the metaverse.