COVID-19 Latest
World|business|February 4, 2022 / 04:22 PM
Meta sees biggest ever stock market loss

AKIPRESS.COM - Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm, BBC reports.

Its shares fell 26.4% after quarterly figures disappointed investors.

Meta also said that Facebook's daily active users (DAUs) had dropped for the first time in its 18-year history.

The company's share price slide saw chief executive Mark Zuckerberg's net worth fall by $31bn, according to the Bloomberg Billionaires Index.

The drop in Mr Zuckerberg's personal fortune was equivalent to the annual gross domestic product of Estonia.

Even after that drop, Mr Zuckerberg has an estimated net worth of almost $90bn, which means he is still one of the richest people in the world.

All rights reserved

© AKIpress News Agency - 2001-2024.

Republication of any material is prohibited without a written agreement with AKIpress News Agency.

Any citation must be accompanied by a hyperlink to akipress.com.

Our address:

299/5 Chingiz Aitmatov Prosp., Bishkek, the Kyrgyz Republic

e-mail: english@akipress.org, akipressenglish@gmail.com;

Follow us:

Log in


Forgot your password? - recover

Not registered yet? - sign-up

Sign-up

I have an account - log in

Password recovery

I have an account - log in