Media & Big Tech

Facebook Parent Meta Stock Plunges 24 Percent, Making Zuckerberg Poorer by More Than $10 Billion

Facebook Parent Meta Stock Plunges 24 Percent, Making Zuckerberg Poorer by More Than $10 Billion
Meta CEO Mark Zuckerberg speaks at an event in New York, on Oct. 25, 2019. Drew Angerer/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Facebook parent Meta saw its stock price plunge more than 20 percent intraday on Oct. 27, amid broader carnage in U.S. tech stocks as investors pulled back amid the impact of soaring inflation on ad spending.

Shares of Meta were down as much as 24 percent on Thursday, trading at around $100, a low not seen since 2016. At its peak, the stock was trading at $382 per share.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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