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Facebook Loses Nearly $332 Billion Of Value In One Afternoon

Facebook parent company Meta tanked 26 percent overnight, shaving more than a whopping $US237 billion ($332 billion) in overall market value – the biggest one-day drop in history according to ABC, at the same time shaving $US29 billion ($40 billion) off the personal wealth of Mark Zuckerberg.

Mr. Zuckerberg’s nearly $US30 billion loss in personal wealth was the second-largest one-day personal loss in history as per US news outlet CNBC.

This huge drop marked Meta’s worst one-day loss since its Wall Street debut back in 2012 and the biggest single-day loss of dollar value by any listed company. CNBC confirms that the biggest one-day personal drop in wealth was a massive $US35 billion loss for Tesla CEO Elon Musk back in November.

That said, Mr. Zuckerberg will be financially still okay as he still has an estimated personal fortune of nearly $US85 billion ($119 billion) according to the Forbes real-time billionaires index.

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