Zuckerberg loses $29 billion in a day as Meta shares crash - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge following a disappointing earnings forecast that shook the global tech landscape.

Meta’s stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company.

Musk, the world’s richest person, had then polled Twitter users if he should sell 10% of his stake in the electric carmaker.At least 21 brokerages cut price targets on Meta after the company posted a weaker-than-expected forecast on Wednesday,blaming Apple Inc’s privacy changes and increased competition for users from rivals including TikTok and YouTube.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Dear Meta you.Just disabled my 10+ Y old Facebook account, Instagram, What's app.What's Wrong with you? I just believed and i didn’t have other social network.On the otherside you kicked out from the world. This is return? facebookdisabledme facebookapp MetaforDevs Facebook

Lost $30billion

Thts like me losing 100buks nje

🙄🙄🙄🙄 he will recover it by next week; he knows how to make trillions of dollars

Easy come easy go 🤷🏻‍♂️

That's what u get

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MONEY LIVE | DRDGold loses its shine with earnings drop | Fin24MONEY LIVE | DRDGold loses its shine with earnings drop -
Source: Fin24 - 🏆 21. / 63 Read more »

From comedy to arts and business, you can now get lessons online from these SA 'masters’MyMastery masterclasses launch in South Africa with series taught by South African icons in their fields.
Source: BISouthAfrica - 🏆 34. / 51 Read more »