Mark Zuckerberg Loses A Whopping Amount Of 29 Billion In Less Than 24 Hours After People Deleted Facebook

Facebook’s plunging stock price weighed on world markets on Thursday, dragging down major stock indexes.

Shares in Facebook owner Meta fell 24% in morning trading after the company’s dismal earnings report.

The decline marked Facebook’s worst one-day loss since its Wall Street debut in 2012.

The company’s overall value dropped by $200 billion, a figure greater than the entire Greek economy.

Facebook CEO Mark Zuckerberg saw $29 billion erased from his net worth.

Zuckerberg was the world’s seventh wealthiest person on Wednesday, with a net worth of $121 billion, but could drop off the top-ten list by the time the markets close on Thursday.

The decline marked Facebook’s worst one-day loss since its Wall Street debut in 2012 and dragged down broader markets in the US and around the world.

At 11 am, the Dow was down 230 points, or 0.64 percent. The S&P 500 dropped 1.24 percent and the Nasdaq was down 2.08 percent. Facebook is a component of Nasdaq and S&P.

Tags: ,

Leave a Comment