Newsmax:
Meta CEO Mark Zuckerberg’s net worth has declined by more than 60% from its high of $130 billion in September 2021 to $47.2 billion at the market’s close Wednesday, Forbes reports.
Meta (META) stock fell by 11% in after-hours trading Wednesday as it reported third-quarter net income had cratered by 49% year-over-year to $4.4 billion, or $1.64 per share. On Thursday, the stock was down another 24% as of 2:15 p.m. EST.
Bank of America analyst Justin Post downgraded META to neutral, saying its metaverse virtual reality investment “will remain (an) overhang” on the stock. It is estimated to cost Meta $10.7 billion in 2023.
On the earnings call, Zuckerberg said that due to the fact it is “not clear the economy has stabilized yet,” Meta will budget “somewhat more conservatively.” more
“Brother, can you spare a billion?”
couldn’t be happening to a nicer guy…karma for screwing with the elections…hope he looses everything…arrogant jerk…
He’s still 40% ahead of me.
I will not be satisfied until he is living under a blue tarp and eating out of garbage cans
^ With his Chinese wife.
If this was anywhere but candyass America, he’d be in jail awaiting execution for funding the coup agains’t Trump.
I think Mark may have sent me a communication defending Meta and Facebook, but I had already blocked and deleted it as misinformation.
Sell something.
Let that sink in.
Sinking to new lows…
I still think its overvalued.
Hopefully soon BoA (PTUI!) will downgrade Meta to “sell”……and no one is buying. HAHAHAHAHAHA!
Gee only a billionaire 47 times over, what ever will he do?