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Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge (www.cnn.com)

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

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Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge::Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break.

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

Yes?

[–] CustodialTeapot@lemmy.world 1 points 9 months ago* (last edited 9 months ago) (1 children)

Okay, wow.

You do know rent is just someone with a mortgage on a house too right? (Paid off or not)

And if that landlords mortgage goes up, that will also make the rent they charge go up. ( Often far more than the rent, as it's percentage related. So, if your friend was renting, he'd be even worse off...

[–] bratosch@lemm.ee 0 points 9 months ago

Firstly, apartment complexes and the likes are usually owned by bigger companies with more leverage when negotiating loan rates compared to individuals. Secondly, renting a small apartment while holding on to their down payment money / saving even more is clearly gonna be cheaper than buying a 2 bedroom home in the middle of a city.