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