FX.co ★ Facebook makes over $4B in 2 hours on upbeat Q1 results

Sometimes, fairytale-like stories about making billions of dollars in an hour come true. It turned out it is possible to earn $4 billion in just two hours! Yes, you read it right. The fortune of Mark Zuckerberg, a humble CEO of the world’s largest social networking service Facebook, added $4.3 billion during the early NASDAQ session on April 28, Thursday.

Such a surge was mainly due to the company’s robust first-quarter results released on April 27. The March-quarter reports came in way above analysts’ expectations. The first quarter earnings made up 77 cents per share on around $5.38 billion in revenue, beating expectations for 62 cents per share on $5.26 billion in revenue. Facebook shares jumped by 9 percent after the report release and gained another 10 percent the next day when the stock market opened. As a result, Mark Zuckerberg climbed to the sixth place in the Forbes World’s Billionaires list, surpassing Oracle Chairman Larry Ellison. Zuckerberg’s fortune is estimated at $51.7 billion.