#Zuckerberg staff meta stock plunges archive#

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#Zuckerberg staff meta stock plunges trial#

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Meta shares could very well recover sooner rather than later, with the hit to Zuckerberg's wealth staying on paper. To be sure, trading in technology stocks remains volatile as investors struggle to price in the impact of high inflation and an expected rise in interest rates. Tesla shares have yet to recover from the resulting selloff.įollowing the $29 billion wipeout, Zuckerberg is in the twelfth spot on Forbes' list of real-time billionaires, below Indian business moguls Mukesh Ambani and Gautam Adani. Musk, the world's richest person, had then polled Twitter users if he should sell 10% of his stake in the electric carmaker.

Zuckerberg's one-day wealth decline is among the biggest ever and comes after Tesla top boss Elon Musk's $35 billion single-day paper loss in November. FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington (credit: REUTERS)īezos' net worth rose 57% to $177 billion in 2021 from a year earlier, according to Forbes, largely from Amazon's boom during the pandemic when people were highly dependent on online shopping. He is also the world's third-richest man, according to Forbes.Īmazon's holiday-quarter profit surged, thanks to its investments in electric vehicle company Rivian and the company said it would hike annual prices of Prime subscriptions in the United States, sending its shares up 15% in extended trading and readying it for its biggest percentage gain since October 2009 on Friday. Zuckerberg owns about 12.8% of the tech behemoth formerly known as Facebook.īezos, the founder and chairman of e-commerce retailer Amazon, owns about 9.9% of the company, according to Refinitiv data. That pulled down founder and CEO Zuckerberg's net worth to $85 billion, according to Forbes. Meta's stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company. Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings. By REUTERSįacebook CEO Mark Zuckerberg appears at a live-streamed virtual and augmented reality conference last month to announce the rebranding of Facebook as Meta. Jerusalem Post Business & Innovation All News Mark Zuckerberg loses $29 billion in one day as Meta stock plunges Mark Zuckerberg's one-day wealth decline is among the biggest ever and comes after Tesla top boss Elon Musk's $35 billion single-day paper loss in November. Israel News Health & Wellness WORLD NEWS Middle East Business & Innovation Opinion Archeology Login Log Out (function (a, d, o, r, i, c, u, p, w, m) ` (script) Advertisement Mark Zuckerberg loses $29 billion in one day as Meta stock plunges - The Jerusalem Post