Facebook’s Mark Zuckerberg: Top 2021 Barron CEOs
has struggled with many challenges over its 17-year history, but this year has brought unprecedented issues regarding free speech and data privacy. Mark Zuckerberg seized the opportunity, making tough decisions with consequences that extend beyond the company’s social media. Zuckerberg, 37, has been criticized for taking a more conciliatory approach to former President Donald Trump and for banning him from Facebook in the wake of the Jan.6 riot on the U.S. Capitol. Zuckerberg fought for user privacy
Gateway and defended Facebook during Senate hearings.
Beyond overseeing a rapid rebound in Facebook’s top advertising revenue, Zuckerberg has accelerated the development of new products to help individuals and businesses cope with the Covid-19 pandemic. Shops, a tool that businesses can use to sell online, has reached over 1 million active storefronts and 250 million people per month. The company also performed well with employees, expanding its remote work program.
Facebook has grown about 10% since Barron April hedging positive, as investors bet on the company’s growth potential. Earnings per share are expected to increase by 30% this year and revenues by 34%.
Write to Max A. Cherney at [email protected]