Mark Zuckerberg, founder of Facebook, lost a whopping $29.7 billion on Thursday as shares of the business dropped by more than 26%.Infomation Guide Nigeria
According to reports, he lost his spot in the top 10 wealthiest people on the planet as Facebook stock saw a historic selloff on trading days beginning Thursday, February 3.Jamb Result
Forbes’ real-time calculations show that on Thursday, the Facebook founder’s personal net worth fell by almost $29.7 billion.
Zuckerberg’s paper wealth was valued at $84.8 billion after the close of trading. Zuckerberg has risen the ranks to number twelve on Forbes’s list of the world’s richest people.
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According to Dow Jones’ analysis of its market statistics, Meta shares lost more than $232 billion in value on Thursday, falling by more than 26% to conclude the day at $237.76 each.
Late on Wednesday, February 2nd, the social media behemoth. registered its first quarterly drop in customer base.Jamb Result
During the fourth quarter, Facebook said it had 1.929 billion daily users, down from 1.93 billion in the third quarter. Zuckerberg stated that competition from TikTok and other similar sites was to blame for the decrease in user engagement.
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