HomeBusinessFacebook stock plunges, Mark Zuckerberg loses $29bn overnight as people abandon Facebook

Facebook stock plunges, Mark Zuckerberg loses $29bn overnight as people abandon Facebook

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Facebook saw a huge dip in its share price more than $230 billion, in a record daily loss for a US firm, the BBC reported. Its shares fell 26.4 per cent 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.

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

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