Mark Zuckerberg has sold his plush San Francisco home for this whopping amount
Mark Zuckerberg had bought this plush home for $10 million ( ₹80 crores) in 2012. The 7,000 square-foot house located in the Liberty Hill neighbourhood off Dolores Park. It is close to the Mission District and the Zuckerberg San Francisco General Hospital and Trauma Center.
Facebook co-founder Mark Zuckerberg sold his San Francisco home for a whopping $31 million (nearly ₹250 crores). It is the most expensive home sale this year in the city, Bloomberg reported.
The Meta Platforms CEO had bought this plush home for $10 million ( ₹80 crores) in 2012. The 7,000 square-foot house located in the Liberty Hill neighbourhood off Dolores Park. It is close to the Mission District and the Zuckerberg San Francisco General Hospital and Trauma Center. The home was built in 1928 and sits on a quarter-acre lot, the listing says.
He had bought the home months after the social media platform went public. In 2013, he and his wife Priscilla Chan had undertook a multi-million dollar renovation project, which included additions like a laundry room, wine room, wet bar and greenhouse.
The purchase comes months after Zuckerberg lost $29 billion ( ₹2,312 crores) as Meta's stocks marked a record one-day plunge on February 4. The social media platform's parent firm stocks fell by 26 per cent, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company.
Zuckerberg owns about 12.8% of the tech behemoth formerly known as Facebook. The Facebook co-founder had disclosed last year that his company will be known as Meta Platforms, a move to reflect its commitment to develop the new digital world called metaverse.
The company has introduced measures to prepare itself against competitors including video platform TikTok. Facebook will suggest posts to users with its machine learning ranking system and is investing in artificial intelligence (AI) to serve recommended content, Reuters reported.
A new separate tab called 'Feeds' will offer a version of the old approach, which overwhelmingly features posts from friends, pages and groups that users actively choose to follow.