CNA – Mark Zuckerberg lost USD29 billion in net worth as Meta Platforms’ stock marked a record one-day plunge following a disappointing earnings forecast that shook the global tech landscape.
Meta’s stock fell 26 per cent, erasing more than USD200 billion in the biggest ever single-day market value wipeout for a US company. That pulled down founder and CEO Zuckerberg’s net worth to USD85 billion, according to Forbes.
Zuckerberg owns about 12.8 per cent of the tech behemoth formerly known as Facebook.
His one-day wealth decline is among the biggest ever and comes after Tesla top boss Elon Musk’s USD35 billion single-day paper loss in November.
