Mark Zuckerberg has more than one reason to cover his eyes after his Facebook shares suffered a historic selloff in trading Thursday.
The Facebook founder’s personal net worth dropped approximately $29.7 billion on Thursday, according to Forbes’ real-time calculations.
By the end of trading, Zuckerberg’s on-paper fortune was estimated to be $84.8 billion, knocking him out of the Top 10 among the world’s richest individuals. Forbes now has him at No. 12.
Meta shares fell by more than 26% on Thursday to close the day at $237.76 each — wiping off about $232 billion in value, which was the largest one-day drop in market value of any stock in US history, Dow Jones reported, citing its market data.
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