Twitter Reacts to Mark Zuckerberg’s $100 Billion Internet Price Loss

Internet advertising sluggishness, competitors from TikTok, and rising skepticism concerning the Metaverse led to a disappointing third-quarter earnings report Oct. 26 for Meta (META) .

Shares closed Oct. 27 at $97.94, the bottom closing value for the inventory since 2016. It was down 24.6% for the day. For the 12 months, Meta shares are down an astonishing 61%.  

That is on the heels of a continuing stream of losses in internet value for Meta CEO Mark Zuckerberg since a excessive of $142 billion in September 2021. That worth shrunk to $37.7 billion in keeping with new Oct. 27 information from Bloomberg Billionaires Index. That is a loss in internet value for Meta CEO Mark Zuckerberg of greater than $100 billion in 13 months.

Twitter Customers Have Opinions

Twitter person @unusual_whales posted the information and the feedback got here roaring in.

“$100 billion right here, $100 billion there, fairly quickly you are speaking about actual cash,” chirped @Smartnership.

“He had a worse week than Kanye,” famous @barryho55648905.

“In case you purchased $META final 12 months on 10/27/2021 and also you held until at present you’ll’ve misplaced 67%. Now inform me why ought to I belief purchase and maintain. Additionally money yield is 2.52%,” calculated @FibRetracer.

“Hey, not less than I can say I by no means misplaced that a lot cash,” boasted @TimTimTim737.

Within the earnings name, Meta had reported third-quarter income of $27.7 billion for its second quarterly drop in a row.

Worse, Meta signaled a dismal outlook for the fourth quarter, projecting $30 billion to $32.5 billion in income. Wall Avenue was anticipating This fall income within the excessive finish of that vary so the projected flooring scared buyers off.