Posted on 11/01/2025 1:46:37 PM PDT by Libloather
Tough luck, Zuck!
Mark Zuckerberg tumbled from third to fifth place on the Bloomberg Billionaires Index after Meta’ stock plunged 11% on Thursday — wiping out $29.2 billion from his fortune in just one day.
The 41-year-old CEO’s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from Meta’s plan to issue $30 billion in new debt to fund artificial intelligence spending, according to Bloomberg.
The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg’s wealth index.
Zuckerberg reportedly refused to clap Wednesday after singer Billie Eilish said at the Wall Street Journal Magazine Innovator Awards that billionaires should “give your money away.”
Meta’s steepest stock selloff since 2022 followed the company’s announcement that it would raise its total expense forecast for 2025 to as much as $118 billion — including up to $72 billion in capital expenditures — to expand its AI infrastructure, with even higher spending anticipated in 2026.
The staggering outlay triggered at least two analyst downgrades, with some warning that Meta’s AI ambitions could squeeze profits.
Zuckerberg, who saw his net worth soar by $57 billion earlier this year as Meta shares rose 28%, was leapfrogged by Amazon founder Jeff Bezos and Google co-founder Larry Page.
Tesla CEO Elon Musk sits comfortably atop the billionaires ranking, followed by Oracle co-founder Larry Ellison.
(Excerpt) Read more at nypost.com ...
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Just how DOES one recover from something like that?
*SMIRK*
Cry me a river.
Succkerberg deserves the worst possible outcome in this situation.
Furry Party
29 billion here, 29 billion there. pretty soon you are talking real money
And on top of that, he can’t get SNAP benefits right now!
META ? that still a thing ,LOL
When does his stolen island in Hawaii go on the market?/sarc
Valuing peoples fortune based on how much stock they own (I mean at extreme wealth levels) doesn’t make sense because if you hold billions in stock with your company you can’t sell lots of it or you’d destroy the company and the value of the stock you have left. So is it real?
How would Meta gain from AI?
“Oracle co-founder Larry Ellison”
The software for Oracle can’t be that complex.
LOL
It’s as real as the stock market.
I wish there was a good alternative to Farcebook. I don’t use it much except to keep up friends, but I sure wish someone would create something to replace it, then to finally eliminate it.
“LOL”
When you’re done, explain.
Oracle is, indeed, complex software. As are the various SQL engines.
Oracle is the most complex database management software on the planet.
Creating an alternative to FB would be pretty straightforward. Getting a worldwide user community of hundreds of millions would be almost impossible.
“Master Excel, SQL, Python, Tableau & more”
“Data Analytics Essentials Program
17 Weeks • Online • Hands-on projects”
Yeah, No. Hope my invite gets lost in the mail, LOL!
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