- DAILY MAIL & FORBES - GELLER REPORT - Keith Griffith - FEB 4, 2022 -
Facebook stock continues to plummet
Facebook shares ended their slide on Friday after plunging 25% on Thursday
Zuckerberg has now lost some $30 billion on paper amid the sell-off
Red-eyed Zuckerberg blamed a ‘scratched eye’ in town hall meeting with staff
Meanwhile Amazon shares soared on Friday after strong earnings report
Founder Jeff Bezos has gained $20 billion since the markets closed on Thursday
Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth, while Jeff Bezos saw his wealth soar by $20 billion as Amazon stock surged.
Facebook parent Meta’s stock ended Friday’s session at $237.09, roughly even on the day but down 21 percent from the start of the week following a disastrous earnings report and the company’s worst-ever trading session on Thursday.
Meta stock had plunged 26 percent on Thursday after the company reported its first-ever decline in daily active users, wiping $237 billion from its market capitalization in the company’s biggest-ever single day loss.
Zuckerberg’s net worth has plunged roughly $30 billion since Facebook’s quarterly report on Wednesday, pushing him off the top-10 list of Forbes billionaires, which ranked him at No. 12 with $85 billion after the closing bell on Friday.
Earlier this week, prior to Wednesday’s earnings report, Zuckerberg had ranked as the eighth wealthiest person in the world.
Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth
Facebook parent Meta’s stock ended Friday’s session at $237.09, roughly even on the day but down 21 percent from the start of the week
On Friday, Facebook shares clawed back from early losses to end the day roughly even
Facebook reported its first ever decline in daily users, with the greatest loss in Africa and
Latin America, which analysts allege may suggest the product is globally saturated
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