Meta, the parent company of Facebook, continues to lose value as revenue goes down and they keep investing in virtual reality. Meta stock in 2016, at its peak, was worth about $362/share. This week a share was going for about $100.
Mark Zuckerberg owns 350 million shares. About 13 months ago his net worth was $142 billion, and then Meta began its precipitous decline. Don't feel too sorry for him because he's still worth $38 billion, which will get him through the winter all right.
Bloomberg wealth index listed him at one time as 3rd richest, right after Jeff Bezos and Elon Musk. Now he's pegged as #23.
from Bloomberg
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