Mark Zuckerberg has suffered a massive setback to his personal wealth, after a recent Meta Industries (formerly Facebook) stock disaster caused shares of the social media network to plummet.
The damage occurred after Facebook released an underwhelming revenue forecast on Thursday, when Meta’s market cap shedded $232 billion dollars, falling from $879 billion on Wednesday evening to $647 billion the subsequent day—the largest single-day drop for any company in the history of the U.S. stock market, constituting a 30 percent decline altogether.
