Mark Zuckerberg’s net worth plunged by another $11 billion Thursday after his Meta Platforms reported another quarter of disappointing earnings, with some saying that his wealth has dropped more than $100 billion in 13 months.
Zuckerberg was once worth $142 billion in September 2021, according to Bloomberg News. Now, the 38-year-old is estimated to be worth about $38 billion. According to Forbes, Zuckerberg is worth even less at $35.9 billion as of Thursday afternoon.
It comes as shares of Meta Platforms Inc., which owns Facebook and Instagram, dropped by 24 percent on Thursday to $98.20. About a year ago, Meta’s stock hovered around $320 per share.
Investors rushed to dump Meta Platforms’ stock after hours on Wednesday, pushing it down 20 percent and wiping $67 billion off its market value after the company posted its fourth straight decline in quarterly profit….