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Facebook Loses $237 billion In Largest One-Day Drop In Stock: Mark Zuckerberg’s Terrible Year
Facebook stock ends its devastating plunge after Mark Zuckerberg lost $30B and dropped off the top 10 wealthiest list - while Jeff Bezos gains $20B as Amazon shares soar
DailyMail.com and Reuters
Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth, while Jeff Bezos saw his wealth soar by $20 billion as Amazon stock surged.
Facebook parent Meta's stock ended Friday's session at $237.09, roughly even on the day but down 21 percent from the start of the week following a disastrous earnings report and the company's worst-ever trading session on Thursday.
Meta stock had plunged 26 percent on Thursday after the company reported its first-ever decline in daily active users, wiping $237 billion from its market capitalization in the company's biggest-ever single-day loss.
Zuckerberg's net worth has plunged roughly $30 billion since Facebook's quarterly report on Wednesday, pushing him off the top-10 list of Forbes billionaires, which ranked him at No.
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