Zuckerberg ranks 20th among global billionaires with a net worth of $55 billion – his lowest ranking since 2014, according to the Bloomberg Billionaire's Index.
In its most recent quarter in July, the company reported net income of $6.69 billion, or $2.46 per share, compared to $10.39 billion, $3.61 per share, a year earlier. Meanwhile, revenue fell to $28.82 billion from $29.08 billion a year earlier.
The company expects third quarter 2022 revenue to be in the range of $26 billion to $28.5 billion, citing a continuation of weak advertising demand driven by broader macroeconomic uncertainty. It also anticipates that third quarter Reality Labs revenue will be lower than the $452 million reported by the segment during the second quarter.for most mid- to senior level positions in July.
Meta expects total expenses for 2022 to be in the range of $85 billion to $88 billion, down from previous guidance of $87 billion to $92 billion.
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