Zuckerberg’s Fortune Drops $18 Billion As Wall Street Sours On Meta’s AI Spending
Mark Zuckerberg’s net worth declined by nearly $18 billion on Thursday as Meta’s stock paced an 11-day losing streak, with Wall Street souring on the Facebook parent’s plans to accelerate spending on AI. Shares of Meta plunged 9% as of Thursday afternoon, pacing what would be the stock’s worst single-day loss this year so far and a 21.7% slide over the last 11 trading sessions. The latest dip in Meta’s shares cut $17.8 billion from Zuckerberg’s net worth, valued at $183.3 billion, ranking him the sixth-richest person in the world directly ahead of Nvidia’s Jensen Huang ($167.2 billion) and behind Michael Dell ($228.9 billion). Learn more about your ad choices. Visit megaphone.fm/adchoices
Podzilla Summary coming soon
Sign up to get notified when the full AI-powered summary is ready.
Free forever for up to 3 podcasts. No credit card required.
Listen to This Episode
More from Forbes Topline
FIFA Head Sets Deadline For Members To Claim $20 Million In Kushner-Backed World Cup Plan
Nvidia And OpenAI Discussing $500 Billion Data Center—Here’s What We Know
Elon Musk’s Wealth Sinks Below $700 Billion As SpaceX Rout Extends
Chipmaker Courted By Apple Soars On Market Debut—Briefly Becomes China’s Most Valuable Company
Get summaries like this every morning.
Free AI-powered recaps of Forbes Topline and your other favorite podcasts, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.