Mark Zuckerberg Loses $25 Billion--Now World's Fifth-Richest As Meta Shares Plummet

[Yo_Mama_Been_Loggin]

Roughly $25 billion was cut from Mark Zuckerberg’s net worth as Meta shares dropped by more than 10% on Thursday, pacing what would be the company’s largest single-day loss this year after a tax charge lowered Meta’s quarterly earnings well below Wall Street’s forecasts.

Key Facts
Shares of Meta fell 12.3% to around $658.50 after the bell rang Thursday morning, the largest intraday loss for the stock since a 24.5% decline in October 2022.

Meta on Wednesday reported third-quarter earnings per share of $1.05, 84% below economists’ projections of $6.72, according to FactSet, despite revenue of $51.2 billion, above estimates of $49.5 billion.

The 83% dip in EPS over the previous year ($6.03) was marked by a one-time tax charge of $15.9 billion because of President Donald Trump’s One Big Beautiful Bill Act, Meta said, noting it expects a “significant reduction” in its U.S. federal cash tax payments for the rest of 2025 and future years.

https://www.msn.com/en-us/money/companies/mark-zuckerberg-loses-25-billion-now-world-s-fifth-richest-as-meta-shares-plummet/ar-AA1Pvp3w?ocid=nl_article_link

Just breaks my heart.

[Gore1FL]

1. It breaks mine to see mine and so many others' retirement funds collapse on the news. nt

[ProfessorGAC]

2. I Understand Your Sentiment...

...but are there lots of retirement funds investing heavily in tech?
I don't know the answer, but I wouldn't have directed my 401k money to tech in any significant fraction past the age of 40.

[Gore1FL]

3. AMZN has the 4th highest weight in the S&P 500. It's 16 in the Dow Jones Index.

If you are offered an equity mutual fund for your 401K, 403B, 457B, et al, it's likely going to have AMZN as a component unless you only invest in international or small cap funds.

[ProfessorGAC]

7. That Makes Sense

I guess I no longer envision Amazon as a tech company, but as a retailer.
But, their market cap at 4x revenues means it's priced as a hybrid of tech & retail. The P/E is in the tech class too.

[Johonny]

4. I feel like this META pull back is too much or too little news

And isn't likely to last. It doesn't appear to be a crack in META or the Ai rally, but a dislike of Mark's typical dragonic approach to moves.

[DFW]

5. Poor guy, I'll bet he wonders where his next meal will be coming from.............

[Cha]

6. Aww... may Fuckerberg continue to Lose

his Ill gotten Billions. Fascist Fuck.