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IPFS News Link • Stock Market

Facebook loses $237BN in largest one-day drop in stock market HISTORY: Zuckerberg warns staff...

• dailymail.co.uk, By Adam Manno and Keith Griffith

Shares in Facebook owner Meta fell 26 percent Thursday when the markets closed, after the social media giant issued a dismal forecast and reported its first decline in daily active users.  Zuckerberg saw at least $29.7 billion erased from his net worth

The tech titan was the world's seventh wealthiest person on Wednesday, with a net worth of $113.1billion. But by market close on Thursday, he dropped off Forbes' top 10 list of billionaires - to No. 12 - as his personal net worth plunged to $83.4 billion. 

Facebook's stock closed the day at $237.76 per share, sparking fear in international markets and pulling the tech-heavy Nasdaq down by 3.74 percent 


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