The social media giant reported a decline in Facebook users late Wednesday for the first time in its 18-year history.
Meta CEO Mark Zuckerberg bids farewell to the 'top 10' of the world's billionaires following the collapse of Meta shares on Thursday morning. The drop in the share price of American technology and social media conglomerate Meta Platforms (formerly known as Facebook) reduced Zuckerberg's net worth by about $30 billion, according to Forbes, leaving the 37-year-old businessman with a fortune. of 84,800 million and in position 12 of the list.
At the close of the market, the company's shares fell 26.4% on the New York Stock Exchange after announcing its earnings expectations for the first quarter lower than those expected by investors. Thus, Meta lost some 230,000 million dollars, the largest daily loss of value by a company in US history. Additionally, the social media giant reported Wednesday night a decline in Facebook users for the first time in its 18 years.