Facebook value drops 25% and loses more than $200 billion in worst-ever stock market crash CEO Mark Zuckerberg’s holding loses tens of billions of dollars overnight
by Paul Alexander
This is terrific news!
Facebook has crashed more than 25 per cent in the worst one-day slump in the history of the stock market.
Parent company Meta reported disappointing results on Wednesday evening, showing that it had failed to grow for the first time ever.
The decline hit founder Mark Zuckerberg personally, with his own holdings losing tens of billions in value overnight.
Worries about the poor results led its price to drop more than 25 per cent when trading opened on Thursday morning, wiping $200 billion from the value of the company in hours.