International Business News: Mark Zuckerberg experienced a significant decline in his wealth, with his net worth plummeting by $18 billion as Meta Platforms Inc.'s stock value dro
Mark Zuckerberg s wealth plummeted by $18 billion due to Meta Platforms Inc. s share decline, solidifying Elon Musk as the world s third-richest billionaire. Meta s stock dropped 11% after forecasting lower Q2 sales. Musk s fortune rose to $184 billion as Tesla shares surged, reversing their recent ranking switch.
Mark Zuckerberg’s fortune plunged US$18bil as shares of Meta Platforms Inc tumbled, allowing Tesla Inc’s Elon Musk to cement his status as the world’s third-richest billionaire.
Shares of Menlo Park, California-based Meta dropped the most since October 2022 on Thursday after the company increased spending estimates for the year and projected second-quarter sales that were below Wall Street’s expectations.
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