Zuckerberg loses $29 billion in a day as Meta shares crash

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Zuckerberg loses $29 billion in a day as Meta shares crash
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Mark Zuckerberg lost $29 billion in net worth as Meta's stock marked a record one-day plunge following a disappointing earnings forecast $FB

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. REUTERS/Erin ScottFeb 3 - Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's

Meta's stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a U.S. company. That pulled down founder and Chief Executive Officer Zuckerberg's net worth to $85 billion, according to Forbes.Register now for FREE unlimited access to Reuters.comtop boss Elon Musk's $35 billion single-day paper loss in November. Musk, the world's richest person, had then polled Twitter users if he should sell 10% of his stake in the electric carmaker.

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