Mark Zuckerberg's net worth plummets by more than $18 billion in Meta stock drop
Publishing timestamp: 2024-04-25 18:00:42
Summary
Meta CEO Mark Zuckerberg's net worth dropped by $18 billion after the company's stock plunged following its earnings call. Despite beating revenue and profit expectations, Meta's lighter-than-expected revenue forecast and plans to continue heavy investments in AI and metaverse led to the steepest decline in stock price since October 2022. Zuckerberg's net worth fell to $152 billion as Meta's stock dropped by $52.12. The company's Reality Labs division has posted cumulative losses of $45 billion since 2020.
Sentiment: NEGATIVE
Tickers: META,
Keywords: earnings, breaking news, stock markets, business news, technology, mark zuckerberg, breaking news: technology, meta platforms inc,
Source: https://www.cnbc.com/2024/04/25/mark-zuckerberg-net-worth-falls-18-billion-over-meta-earnings.html