Mark Zuckerberg’s Net Worth , Takes $29 Billion Hit, As Meta Stock Value Crashes.
Mark Zuckerberg’s Net Worth , Takes $29 Billion Hit, As Meta Stock Value Crashes.
Yahoo reports that Meta CEO Mark Zuckerberg
saw $29 billion of his net worth wiped away as
the company's share prices collapsed. .
Yahoo reports that Meta CEO Mark Zuckerberg
saw $29 billion of his net worth wiped away as
the company's share prices collapsed. .
In the company's latest quarterly report, Meta announced
lower-than-expected revenue figures and the first-ever
decline in Facebook users in the platform's 18-year history. .
In the company's latest quarterly report, Meta announced
lower-than-expected revenue figures and the first-ever
decline in Facebook users in the platform's 18-year history. .
As a result, Meta shares dropped
almost 25% in after-hours trading. .
Yahoo reports that Meta blames
competition from rivals, like TikTok, for the
number of daily active users falling by 1 million. .
Yahoo reports that Meta blames
competition from rivals, like TikTok, for the
number of daily active users falling by 1 million. .
The teams are executing quite well
and the product is growing very quickly.
The thing that is somewhat unique here
is that TikTok is so big a competitor
already and also continues
to grow at quite a fast rate, Mark Zuckerberg, Meta CEO, via Yahoo.
The teams are executing quite well
and the product is growing very quickly.
The thing that is somewhat unique here
is that TikTok is so big a competitor
already and also continues
to grow at quite a fast rate, Mark Zuckerberg, Meta CEO, via Yahoo.
Meta's stock market value reportedly lost
about $200 billion, putting a dent in Zuckerberg's
fortune, which is mostly tied up in his company's stock. .
Meta's stock market value reportedly lost
about $200 billion, putting a dent in Zuckerberg's
fortune, which is mostly tied up in his company's stock. .
According to the 'Bloomberg' Billionaire's
Index, Zuckerberg is one of the
seven richest people in the world.
Before Meta's market value crashed,
his net worth was estimated at $121 billion. .
Yahoo reports that Zuckerberg has said
he remains confident that the metaverse will
open up new streams of revenue and growth. .
Yahoo reports that Zuckerberg has said
he remains confident that the metaverse will
open up new streams of revenue and growth. .
Others, Yahoo points out, remain skeptical
about virtual worlds like the metaverse.
Skeptics reportedly include fellow billionaire Elon Musk,
who has recently called the metaverse a fringe technology
that lacks the appeal of traditional social media. .
Skeptics reportedly include fellow billionaire Elon Musk,
who has recently called the metaverse a fringe technology
that lacks the appeal of traditional social media.