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.

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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.

 

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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

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