Mark Zuckerberg, Founder of Meta, Formerly Facebook, Dropped Out of Top 10 Richest People in the World Forbes. Now he is ranked 12th in the ranking of billionaires.
Over the course of a day, Zuckerberg lost $29.7 billion, that is, approximately 25.9% of his fortune. The head of Meta almost repeated last year’s anti-record of Elon Musk, who last year lost $ 33 billion in a day. Such a rapid loss of capital is connected with Meta’s quarterly report, which the company published on Wednesday, writes TASS.
The report mentioned the decline in the number of users of the social network and the upcoming increase in costs for the development of the metaverse. As a result the company’s shares fell by 26%and capitalization fell by more than $ 230 billion. This was the largest daily drop in stocks in the history of US companies listed on the stock exchange.
Such a sharp decline in the stock market value of the largest IT company could not but affect the key US indices, which showed a serious decline.