Mark Zuckerberg’s Wealth Plunges by $31 Billion After Meta Shock
- Facebook has first stagnation in the social network’s history
- Co-founders Saverin, Moskovitz also see their fortunes tumble
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Mark Zuckerberg’s wealth dropped as much as $31 billion, among the biggest one-day drops in wealth ever, after Meta Platforms Inc.’s fourth-quarter results fell short of analysts’ expectations.
Meta is in the midst of a historic stock collapse after its earnings on Wednesday showed no growth in monthly Facebook users last quarter relative to the prior period, raising concerns about the company’s future growth. Shares tumbled 24% at 10:25 a.m. in New York Thursday.