Is Zuckerberg’s empire ready to fall apart? On Thursday, after they released their forecast, shares of Meta dropped 26%, eliminating $200 Billion from the market cap, and hitting Mark’s pocketbook for $29 Billion. Yes, in the span of hours, he lost enough to buy any one of the companies Twitter, Expedia, or Doordash. Put another way, 7 One World Trade Center buildings, fully built in Manhattan. I wonder what will happen next for Facebook and Meta.
Shares of Facebook owner Meta plummeted 26% on Thursday in what could be the worst single-day wipeout in market value for a U.S. company, after the social media giant issued a dismal forecast, blaming Apple Inc’s privacy changes and increased competition.