This is how Mark Zuckerberg lost $70 billion this year

by time news

July, Meta reported the first quarterly decline in revenue in its history as it grappled with a global economic slowdown and lukewarm performance from its ad sales division. stock Meta Down almost 60% since January. Most of Zuckerberg’s wealth is tied to his stock holdings. Meta Underperformed the tech-heavy Nasdaq, which fell 27% over the same period. In February, Zuckerberg lost about $30 billion of his fortune in a single day.

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