The fall of Meta shares reduced Zuckerberg’s personal fortune by $ 31 billion
Mark Zuckerberg .
The historic collapse of Meta shares this week reduced Mark Zuckerberg’s personal fortune by $ 31 billion, lowering him to three positions on the list of the richest people in the world according to Bloomberg.
Ukraine , Ukraingate , 6 , February , 2022 | Ukraine News
Details
Zuckerberg is now reportedly ranked 10th in the Bloomberg Billionaires Index, behind Oracle co-founder (ORCL) Larry Ellison and just a few hundred million dollars ahead of Indian energy and technology entrepreneur Mukesh Ambani. Tesla CEO Elon Musk tops the list by a wide margin.
Meta Platforms, formerly known as Facebook, experienced its worst day in the stock market on Thursday after reporting a rare drop in profits and stagnant user numbers, as well as a vague assessment of the company’s prospects, CNN notes, while investing heavily. funds in augmented and virtual reality.
Shares of the company reportedly fell more than 26%, losing market value by almost $ 240 billion.
Zuckerberg, 37, owns more than 398 million shares of Meta, or 14.2% of the company, according to a statement from the US Securities and Exchange Commission in February 2021.
After the fall, the CEO and co-founder’s fortune is now $ 89.6 billion, just $ 400 million more than Ambana, which controls Reliance Industries and is the richest man in Asia, according to Bloomberg.
In addition to the disastrous income statement, Meta for the first time showed how much money it spends on the transition to the metaworld. The company also reported a small but noticeable decline in the number of daily active Facebook users in the United States and Canada compared to the previous quarter.
What was before
According to UNN, Australian billionaire Andrew Forrest has filed a lawsuit against Facebook, claiming that the company failed to prevent fraudulent advertising that used his image.
Source: Ukrgate
