Facebook’s META Loses $322 Billion Overnight

KARMA – Mark Zuckerberg Loses Another $2 billion In Net Worth as Facebook stock continues to plummet.

Loving the Facebook flame-out on Wall Street.

Suspending and censoring users should result in suspending and crushing stock prices. Mark Zuckerberg committed corporate suicide. He destroyed the very mission of Facebook- sharing with family, friends and the life minded.

Facebook stock ends its devastating plunge after Mark Zuckerberg lost $30B and dropped off the top 10 wealthiest list – while Jeff Bezos GAINS $20B as Amazon shares soar

Facebook shares ended their slide on Friday after plunging 25% on Thursday

Zuckerberg has now lost some $30 billion on paper amid the sell-off

Red-eyed Zuckerberg blamed a ‘scratched eye’ in town hall meeting with staff

Meanwhile Amazon shares soared on Friday after strong earnings report

Founder Jeff Bezos has gained $20 billion since the markets closed on Thursday

By Keith Griffith For Dailymail.com and Reuters, 4 February 2022

Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth, while Jeff Bezos saw his wealth soar by $20 billion as Amazon stock surged.

Facebook parent Meta’s stock ended Friday’s session at $237.09, roughly even on the day but down 21 percent from the start of the week following a disastrous earnings report and the company’s worst-ever trading session on Thursday.

Meta stock had plunged 26 percent on Thursday after the company reported its first-ever decline in daily active users, wiping $237 billion from its market capitalization in the company’s biggest-ever single day loss.

Zuckerberg’s net worth has plunged roughly $30 billion since Facebook’s quarterly report on Wednesday, pushing him off the top-10 list of Forbes billionaires, which ranked him at No. 12 with $85 billion after the closing bell on Friday.

Earlier this week, prior to Wednesday’s earnings report, Zuckerberg had ranked as the eighth wealthiest person in the world.
Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth

Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth
Facebook parent Meta’s stock ended Friday’s session at $237.09, roughly even on the day but down 21 percent from the start of the week

Facebook parent Meta’s stock ended Friday’s session at $237.09, roughly even on the day but down 21 percent from the start of the week
On Friday, Facebook shares clawed back from early losses to end the day roughly even

On Friday, Facebook shares clawed back from early losses to end the day roughly even
Facebook reported its first ever decline in daily users, with the greatest loss in Africa and Latin America, which analysts allege may suggest the product is globally saturated

Facebook reported its first ever decline in daily users, with the greatest loss in Africa and Latin America, which analysts allege may suggest the product is globally saturated

Zuckerberg owns about 12.8 percent of Meta, the tech behemoth formerly known as Facebook.

Meanwhile, after Amazon reported blockbuster earnings on Thursday, the company’s stock surged 13 percent on Friday, pushing Bezos’ wealth up 12 percent to $184 billion, according to the Forbes list.

Bezos, the founder and chairman of e-commerce giant Amazon, owns about 9.9 percent of the company, according to Refinitiv data.

He is currently the world’s third richest man, according to Forbes.

Amazon’s holiday-quarter profit surged, thanks in part to its investments in electric vehicle company Rivian.

The company also said it would hike annual prices of Prime subscriptions in the United States, sending its shares up Friday for its biggest percentage gain since October 2009.

Bezos’ net worth rose 57 percent to $177 billion in 2021 from a year earlier, according to Forbes, largely from Amazon’s boom during the pandemic when people were highly dependent on online shopping.

After Amazon reported blockbuster earnings after the closing bell on Thursday, the company’s stock surged 13 percent on Friday

After Amazon reported blockbuster earnings after the closing bell on Thursday, the company’s stock surged 13 percent on Friday

Zuckerberg’s one-day wealth decline of $29 billion on Thursday is among the biggest ever, and comes after Tesla Inc top boss Elon Musk’s $35 billion single-day paper loss in November.

Musk, the world’s richest person, had then polled Twitter users if he should sell 10 percent of his stake in the electric carmaker. Tesla shares have yet to recover from the resulting selloff.

Following Facebook’s wipeout, Zuckerberg is in the thirteenth spot on Forbes’ list of real-time billionaires, below Indian business moguls Mukesh Ambani and Gautam Adani, as well as L’Oréal heiress Francoise Bettencourt Meyers.

To be sure, trading in technology stocks remains volatile as investors struggle to price in the impact of high inflation and an expected rise in interest rates.

Meta shares could very well recover sooner rather than later, with the hit to Zuckerberg’s wealth staying on paper.

Zuckerberg sold $4.47 billion worth of Meta shares last year, before 2021’s tech rout.

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

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