Meta shares tumbled ahead of Thursday's opening bell, paving the way for a big chunk of Mark Zuckerberg's net worth to be erased.
Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc.
And so, now in 2024, Musk is trying his hand at a comeback story of his own, and appears to be following Zuckerberg’s lead.
Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.
Meta CEO Mark Zuckerberg took the internet by storm when he appeared with a chain around his neck while announcing the new version of Meta AI in a video he posted on Instagram.
Meta’s revenues jumped by more than a quarter in the first three months of the year, beating expectations, but its forecasts left Wall Street underwhelmed and the shares fell 10 per cent in after-hours trading on Wednesday.
Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.
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