What would you do if you lost 30 Billion Dollars in one day?

Mark Zuckerberg’s net worth has dropped after he lost $30 billion due to Meta shares plummeting in the market on Thursday.

The Meta co-founder has lost his title as one of the ten richest people on the planet since 2015 at a current net worth of $84.3 billion. According to CNBC, his $29.8 billion loss is the second-largest single-day loss in history months after Elon Musk tweeted about selling his Tesla stake. Meta shares dropped after the company said in a statement that there will weaker revenue growth within the next quarter and Apple’s new privacy changes will cost Meta $10 billion.

“We believe the impact of iOS overall is a headwind on our business in 2022. It’s on the order of $10 billion, so it’s a pretty significant headwind for our business,” said Meta CFO Dave Wehner. Additionally, the shares drop was also Meta’s biggest single-day plunge and it also cleaned off 200 billion in capital.

 

Source, Hollywoodunlocked

Leave a Reply

Your email address will not be published.